Carrizo Oil & Gas Inc (NASDAQ:CRZO) – Research analysts at Capital One Financial issued their FY2019 earnings per share (EPS) estimates for shares of Carrizo Oil & Gas in a report released on Tuesday. Capital One Financial analyst B. Velie forecasts that the oil and gas producer will post earnings per share of $3.52 for the year.
Carrizo Oil & Gas (NASDAQ:CRZO) last announced its quarterly earnings results on Monday, February 26th. The oil and gas producer reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.12. The company had revenue of $246.77 million for the quarter, compared to analyst estimates of $238.06 million. Carrizo Oil & Gas had a net margin of 4.32% and a return on equity of 12.06%. Carrizo Oil & Gas’s revenue for the quarter was up 71.6% on a year-over-year basis. During the same quarter last year, the business earned $0.44 EPS.
Shares of Carrizo Oil & Gas (CRZO) traded down $0.05 on Wednesday, hitting $14.35. 5,910,000 shares of the company’s stock were exchanged, compared to its average volume of 3,550,000. The company has a debt-to-equity ratio of 4.38, a quick ratio of 0.32 and a current ratio of 0.32. The firm has a market cap of $1,170.00, a price-to-earnings ratio of 9.26 and a beta of 2.08. Carrizo Oil & Gas has a 52 week low of $11.10 and a 52 week high of $33.30.
In other Carrizo Oil & Gas news, CEO S P. Iv Johnson sold 8,000 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $18.57, for a total value of $148,560.00. Following the transaction, the chief executive officer now owns 223,194 shares in the company, valued at approximately $4,144,712.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 24,000 shares of company stock worth $485,440 in the last quarter. 6.00% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the business. Sterling Investment Advisors Ltd. acquired a new position in Carrizo Oil & Gas in the 4th quarter worth $128,000. CIBC Asset Management Inc bought a new stake in shares of Carrizo Oil & Gas in the 4th quarter worth about $212,000. Amalgamated Bank bought a new stake in shares of Carrizo Oil & Gas in the 3rd quarter worth about $182,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Carrizo Oil & Gas in the 4th quarter worth about $235,000. Finally, Affinity Investment Advisors LLC bought a new stake in shares of Carrizo Oil & Gas in the 3rd quarter worth about $211,000.
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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