Carrizo Oil & Gas Inc (NASDAQ:CRZO) – Investment analysts at SunTrust Banks cut their Q3 2019 earnings per share estimates for shares of Carrizo Oil & Gas in a report issued on Sunday, August 11th. SunTrust Banks analyst N. Dingmann now forecasts that the oil and gas producer will post earnings of $0.59 per share for the quarter, down from their prior estimate of $0.65. SunTrust Banks also issued estimates for Carrizo Oil & Gas’ Q4 2019 earnings at $0.64 EPS, FY2019 earnings at $2.41 EPS, FY2020 earnings at $2.41 EPS and FY2021 earnings at $2.39 EPS.
CRZO has been the subject of several other reports. Raymond James downgraded Carrizo Oil & Gas from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, July 17th. Ifs Securities downgraded Carrizo Oil & Gas from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $15.00 to $13.00 in a report on Tuesday, April 23rd. Jefferies Financial Group downgraded Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a report on Monday, July 15th. Williams Capital reissued a “buy” rating and issued a $14.00 target price on shares of Carrizo Oil & Gas in a report on Monday, July 22nd. Finally, Zacks Investment Research downgraded Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company’s stock. Carrizo Oil & Gas has a consensus rating of “Hold” and an average price target of $18.50.
Carrizo Oil & Gas stock opened at $8.27 on Wednesday. Carrizo Oil & Gas has a fifty-two week low of $7.92 and a fifty-two week high of $26.67. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.26 and a current ratio of 0.26. The company has a market capitalization of $769.09 million, a P/E ratio of 2.97, a PEG ratio of 0.13 and a beta of 2.12. The stock has a 50-day simple moving average of $9.66 and a 200-day simple moving average of $11.15.
Carrizo Oil & Gas (NASDAQ:CRZO) last released its quarterly earnings data on Wednesday, August 7th. The oil and gas producer reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.04. The business had revenue of $264.97 million during the quarter, compared to analysts’ expectations of $263.76 million. Carrizo Oil & Gas had a return on equity of 27.12% and a net margin of 55.87%.
In other Carrizo Oil & Gas news, insider S P. Iv Johnson sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $10.85, for a total transaction of $86,800.00. Following the completion of the sale, the insider now directly owns 187,221 shares of the company’s stock, valued at approximately $2,031,347.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.80% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Ellis Investment Partners LLC increased its position in Carrizo Oil & Gas by 23.1% during the 1st quarter. Ellis Investment Partners LLC now owns 89,788 shares of the oil and gas producer’s stock worth $1,119,000 after purchasing an additional 16,837 shares during the period. Alps Advisors Inc. acquired a new stake in shares of Carrizo Oil & Gas in the 1st quarter worth approximately $461,000. Tortoise Capital Advisors L.L.C. grew its holdings in shares of Carrizo Oil & Gas by 50.2% in the 1st quarter. Tortoise Capital Advisors L.L.C. now owns 410,080 shares of the oil and gas producer’s stock worth $5,114,000 after acquiring an additional 137,000 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Carrizo Oil & Gas by 4.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,136,313 shares of the oil and gas producer’s stock worth $35,409,000 after acquiring an additional 140,059 shares during the period. Finally, Norges Bank acquired a new stake in shares of Carrizo Oil & Gas in the 4th quarter worth approximately $10,299,000.
About Carrizo Oil & Gas
Carrizo Oil & Gas, Inc, an energy company, explores for, develops, and produces crude oil, natural gas liquids, and gas from resource plays primarily in the United States. The company holds interests in oil and gas plays, including the Eagle Ford Shale in South Texas; and the Permian Basin in West Texas.
Featured Story: What are the most popular ETFs
Receive News & Ratings for Carrizo Oil & Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carrizo Oil & Gas and related companies with MarketBeat.com's FREE daily email newsletter.