FY2017 Earnings Estimate for Carrizo Oil & Gas, Inc. Issued By SunTrust Banks (NASDAQ:CRZO)

Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) – Investment analysts at SunTrust Banks boosted their FY2017 earnings estimates for Carrizo Oil & Gas in a report issued on Tuesday. SunTrust Banks analyst N. Dingmann now expects that the oil and gas producer will post earnings of $1.13 per share for the year, up from their previous forecast of $1.09. SunTrust Banks also issued estimates for Carrizo Oil & Gas’ FY2018 earnings at $1.65 EPS, FY2019 earnings at $2.47 EPS and FY2020 earnings at $2.77 EPS.

Other equities analysts have also issued reports about the stock. Williams Capital set a $35.00 target price on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a report on Tuesday. Zacks Investment Research raised shares of Carrizo Oil & Gas from a “sell” rating to a “hold” rating in a report on Friday. Royal Bank Of Canada reissued a “buy” rating and issued a $43.00 price target on shares of Carrizo Oil & Gas in a report on Tuesday, April 25th. Robert W. Baird cut their price target on shares of Carrizo Oil & Gas from $50.00 to $36.00 and set an “outperform” rating for the company in a report on Wednesday, May 24th. Finally, Seaport Global Securities lowered shares of Carrizo Oil & Gas from a “buy” rating to a “sell” rating in a report on Wednesday, June 21st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $40.33.

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Carrizo Oil & Gas (NASDAQ:CRZO) opened at 13.86 on Friday. Carrizo Oil & Gas has a 52-week low of $12.73 and a 52-week high of $43.96. The company’s market capitalization is $912.47 million. The firm has a 50 day moving average of $15.65 and a 200-day moving average of $24.51.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.05. The business had revenue of $166.50 million during the quarter, compared to analyst estimates of $163.22 million. Carrizo Oil & Gas had a negative net margin of 0.98% and a positive return on equity of 1,494.45%. The company’s revenue was up 55.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.29 earnings per share.

In other Carrizo Oil & Gas news, Director Frank A. Wojtek sold 2,800 shares of Carrizo Oil & Gas stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $24.24, for a total transaction of $67,872.00. Following the sale, the director now owns 30,008 shares of the company’s stock, valued at approximately $727,393.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 6.00% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Carrizo Oil & Gas during the fourth quarter valued at $8,100,000. Foundry Partners LLC boosted its position in shares of Carrizo Oil & Gas by 1.9% in the first quarter. Foundry Partners LLC now owns 69,888 shares of the oil and gas producer’s stock valued at $2,003,000 after buying an additional 1,273 shares during the last quarter. Creative Planning boosted its position in shares of Carrizo Oil & Gas by 10.3% in the first quarter. Creative Planning now owns 7,955 shares of the oil and gas producer’s stock valued at $228,000 after buying an additional 745 shares during the last quarter. Fox Run Management L.L.C. boosted its position in shares of Carrizo Oil & Gas by 94.2% in the first quarter. Fox Run Management L.L.C. now owns 16,700 shares of the oil and gas producer’s stock valued at $479,000 after buying an additional 8,100 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of Carrizo Oil & Gas by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 24,900 shares of the oil and gas producer’s stock valued at $714,000 after buying an additional 300 shares during the last quarter. 89.12% of the stock is currently owned by hedge funds and other institutional investors.

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.

Earnings History and Estimates for Carrizo Oil & Gas (NASDAQ:CRZO)

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