Carrizo Oil & Gas Inc (NASDAQ:CRZO) – Stock analysts at SunTrust Banks upped their FY2020 earnings per share (EPS) estimates for Carrizo Oil & Gas in a research report issued on Tuesday. SunTrust Banks analyst N. Dingmann now expects that the oil and gas producer will post earnings of $3.43 per share for the year, up from their previous estimate of $3.21. SunTrust Banks currently has a “Buy” rating and a $26.00 target price on the stock.
Carrizo Oil & Gas (NASDAQ:CRZO) last released its earnings results on Tuesday, November 7th. The oil and gas producer reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.09. Carrizo Oil & Gas had a return on equity of 58.37% and a net margin of 16.08%. The firm had revenue of $181.28 million for the quarter, compared to analysts’ expectations of $177.97 million. During the same period in the prior year, the firm posted $0.23 earnings per share. The company’s quarterly revenue was up 63.1% on a year-over-year basis.
Carrizo Oil & Gas (NASDAQ CRZO) traded up $0.50 during midday trading on Wednesday, hitting $24.36. The stock had a trading volume of 3,056,280 shares, compared to its average volume of 2,690,000. Carrizo Oil & Gas has a 52-week low of $11.10 and a 52-week high of $39.48. The stock has a market capitalization of $1,980.00, a PE ratio of 15.72 and a beta of 2.18. The company has a debt-to-equity ratio of 4.38, a quick ratio of 0.32 and a current ratio of 0.32.
In other news, insider S P. Iv Johnson sold 8,000 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $18.69, for a total transaction of $149,520.00. Following the transaction, the insider now directly owns 231,194 shares of the company’s stock, valued at $4,321,015.86. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 6.00% of the company’s stock.
A number of hedge funds have recently bought and sold shares of CRZO. NWQ Investment Management Company LLC lifted its holdings in Carrizo Oil & Gas by 122.6% in the third quarter. NWQ Investment Management Company LLC now owns 7,261,441 shares of the oil and gas producer’s stock valued at $124,388,000 after acquiring an additional 3,999,717 shares during the period. Kimmeridge Energy Management Company LLC lifted its holdings in Carrizo Oil & Gas by 1,102.0% in the fourth quarter. Kimmeridge Energy Management Company LLC now owns 3,990,500 shares of the oil and gas producer’s stock valued at $84,918,000 after acquiring an additional 3,658,500 shares during the period. Frontier Capital Management Co. LLC lifted its holdings in Carrizo Oil & Gas by 27.6% in the third quarter. Frontier Capital Management Co. LLC now owns 6,256,691 shares of the oil and gas producer’s stock valued at $107,177,000 after acquiring an additional 1,351,602 shares during the period. Lord Abbett & CO. LLC lifted its holdings in Carrizo Oil & Gas by 89.5% in the second quarter. Lord Abbett & CO. LLC now owns 2,659,107 shares of the oil and gas producer’s stock valued at $46,322,000 after acquiring an additional 1,256,160 shares during the period. Finally, BlackRock Inc. lifted its holdings in Carrizo Oil & Gas by 11.4% in the second quarter. BlackRock Inc. now owns 9,534,149 shares of the oil and gas producer’s stock valued at $166,088,000 after acquiring an additional 978,942 shares during the period. 99.96% of the stock is currently owned by institutional investors.
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About Carrizo Oil & Gas
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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