Carrizo Oil & Gas Inc (NASDAQ:CRZO) – Research analysts at Jefferies Financial Group cut their Q2 2018 EPS estimates for Carrizo Oil & Gas in a research note issued on Wednesday, July 18th. Jefferies Financial Group analyst M. Lear now anticipates that the oil and gas producer will post earnings of $0.67 per share for the quarter, down from their previous forecast of $0.68. Jefferies Financial Group has a “Hold” rating and a $27.00 price objective on the stock. Jefferies Financial Group also issued estimates for Carrizo Oil & Gas’ Q1 2019 earnings at $1.08 EPS, Q2 2019 earnings at $1.11 EPS, Q3 2019 earnings at $0.99 EPS, Q4 2019 earnings at $1.12 EPS, FY2019 earnings at $4.30 EPS and Q1 2020 earnings at $1.01 EPS.
Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings data on Monday, May 7th. The oil and gas producer reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.15. The firm had revenue of $225.28 million during the quarter, compared to analyst estimates of $200.88 million. Carrizo Oil & Gas had a net margin of 9.10% and a return on equity of 48.53%. The company’s revenue for the quarter was up 48.8% on a year-over-year basis. During the same quarter last year, the business posted $0.18 EPS.
NASDAQ:CRZO opened at $28.93 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 3.69. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 17.05 and a beta of 2.20. Carrizo Oil & Gas has a 52 week low of $11.10 and a 52 week high of $31.57.
In related news, COO John Bradley Fisher sold 35,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 15th. The shares were sold at an average price of $25.43, for a total value of $890,050.00. Following the completion of the transaction, the chief operating officer now directly owns 194,936 shares of the company’s stock, valued at approximately $4,957,222.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider S P. Iv Johnson sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 10th. The stock was sold at an average price of $30.02, for a total transaction of $180,120.00. Following the completion of the transaction, the insider now directly owns 195,076 shares of the company’s stock, valued at $5,856,181.52. The disclosure for this sale can be found here. Insiders have sold a total of 142,428 shares of company stock valued at $3,809,457 over the last three months. Insiders own 5.40% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Berkshire Asset Management LLC PA bought a new position in Carrizo Oil & Gas in the 2nd quarter worth approximately $252,000. Fisher Asset Management LLC bought a new position in Carrizo Oil & Gas in the 2nd quarter worth approximately $3,980,000. Principal Financial Group Inc. boosted its holdings in Carrizo Oil & Gas by 2.1% in the 1st quarter. Principal Financial Group Inc. now owns 1,162,884 shares of the oil and gas producer’s stock worth $18,606,000 after buying an additional 24,348 shares during the period. Massmutual Trust Co. FSB ADV boosted its holdings in Carrizo Oil & Gas by 27.7% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 19,302 shares of the oil and gas producer’s stock worth $309,000 after buying an additional 4,184 shares during the period. Finally, Royal Bank of Canada boosted its holdings in Carrizo Oil & Gas by 6.2% in the 1st quarter. Royal Bank of Canada now owns 986,028 shares of the oil and gas producer’s stock worth $15,777,000 after buying an additional 57,838 shares during the period.
Carrizo Oil & Gas Company Profile
Carrizo Oil & Gas, Inc, together with its subsidiaries, engages in the exploration, development, and production of 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 Eagle Ford Shale in South Texas; and the Delaware Basin in West Texas.
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