Carrizo Oil & Gas Inc. (NASDAQ:CRZO) – Stock analysts at FBR & Co decreased their Q3 2016 EPS estimates for Carrizo Oil & Gas in a research report issued to clients and investors on Monday. FBR & Co analyst C. Mabry now expects that the firm will earn $0.30 per share for the quarter, down from their previous forecast of $0.45. FBR & Co currently has a “Outperform” rating and a $50.00 target price on the stock. FBR & Co also issued estimates for Carrizo Oil & Gas’ FY2016 earnings at $1.14 EPS, Q1 2017 earnings at $0.22 EPS, Q2 2017 earnings at $0.28 EPS, Q3 2017 earnings at $0.30 EPS, Q4 2017 earnings at $0.38 EPS and FY2017 earnings at $1.18 EPS.
Carrizo Oil & Gas (NASDAQ:CRZO) last issued its earnings results on Thursday, August 4th. The company reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.16. Carrizo Oil & Gas had a positive return on equity of 19.03% and a negative net margin of 421.40%. The business earned $107.30 million during the quarter, compared to analysts’ expectations of $119.67 million. During the same period in the prior year, the business earned $0.39 EPS. The business’s revenue for the quarter was down 13.1% compared to the same quarter last year.
CRZO has been the topic of several other research reports. Canaccord Genuity restated a “buy” rating and issued a $44.00 target price on shares of Carrizo Oil & Gas in a research report on Friday, August 5th. Zacks Investment Research upgraded Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Wednesday, July 6th. Stifel Nicolaus reiterated a “buy” rating on shares of Carrizo Oil & Gas in a research report on Wednesday, August 31st. Cantor Fitzgerald reiterated a “buy” rating on shares of Carrizo Oil & Gas in a research report on Sunday, July 10th. Finally, Credit Suisse Group AG reiterated a “buy” rating and set a $42.00 price objective on shares of Carrizo Oil & Gas in a research report on Thursday, August 11th. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $39.74.
Shares of Carrizo Oil & Gas (NASDAQ:CRZO) opened at 41.48 on Thursday. The stock’s market capitalization is $2.45 billion. The firm has a 50 day moving average price of $37.36 and a 200 day moving average price of $35.65. Carrizo Oil & Gas has a one year low of $16.10 and a one year high of $43.97.
A number of hedge funds have recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its stake in Carrizo Oil & Gas by 111.6% in the second quarter. BNP Paribas Arbitrage SA now owns 17,158 shares of the company’s stock valued at $615,000 after buying an additional 9,051 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in Carrizo Oil & Gas during the first quarter valued at $3,069,000. Bank of Montreal Can purchased a new stake in Carrizo Oil & Gas during the second quarter valued at $14,514,000. Credit Agricole S A increased its stake in Carrizo Oil & Gas by 633.3% in the first quarter. Credit Agricole S A now owns 66,000 shares of the company’s stock valued at $2,041,000 after buying an additional 57,000 shares during the last quarter. Finally, PineBridge Investments L.P. increased its stake in Carrizo Oil & Gas by 4.6% in the second quarter. PineBridge Investments L.P. now owns 6,932 shares of the company’s stock valued at $248,000 after buying an additional 303 shares during the last quarter.
In other Carrizo Oil & Gas news, COO John Bradley Fisher sold 27,831 shares of Carrizo Oil & Gas stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $35.05, for a total transaction of $975,476.55. Following the completion of the sale, the chief operating officer now directly owns 179,403 shares of the company’s stock, valued at approximately $6,288,075.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider S P. Iv Johnson sold 6,000 shares of Carrizo Oil & Gas stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $41.56, for a total value of $249,360.00. Following the sale, the insider now directly owns 595,717 shares of the company’s stock, valued at $24,757,998.52. The disclosure for this sale can be found here. Company insiders own 6.30% of the company’s stock.
Carrizo Oil & Gas Company Profile
Carrizo Oil & Gas, Inc is an energy company. The Company is engaged in the exploration, development and production of oil and gas from resource plays located in the United States. Its operations are focused in proven, producing oil and gas plays in the Eagle Ford Shale in South Texas, the Delaware Basin in West Texas, the Utica Shale in Ohio, the Niobrara Formation in Colorado, and the Marcellus Shale in Pennsylvania.
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