Carrizo Oil & Gas Inc (NASDAQ:CRZO) – Equities research analysts at SunTrust Banks reduced their FY2019 earnings per share (EPS) estimates for shares of Carrizo Oil & Gas in a report issued on Tuesday, November 27th. SunTrust Banks analyst N. Dingmann now forecasts that the oil and gas producer will post earnings per share of $4.24 for the year, down from their prior forecast of $4.63. SunTrust Banks currently has a “Buy” rating and a $35.00 target price on the stock. SunTrust Banks also issued estimates for Carrizo Oil & Gas’ FY2020 earnings at $4.64 EPS.
Carrizo Oil & Gas (NASDAQ:CRZO) last released its earnings results on Monday, November 5th. The oil and gas producer reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.15. Carrizo Oil & Gas had a net margin of 12.23% and a return on equity of 56.06%. The company had revenue of $303.40 million for the quarter, compared to the consensus estimate of $265.34 million. During the same period in the prior year, the company posted $0.33 EPS. The company’s revenue was up 67.3% compared to the same quarter last year.
Carrizo Oil & Gas stock opened at $17.11 on Friday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.27 and a current ratio of 0.27. Carrizo Oil & Gas has a 1 year low of $13.49 and a 1 year high of $31.57. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 11.97 and a beta of 2.28.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its stake in Carrizo Oil & Gas by 91.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,625 shares of the oil and gas producer’s stock worth $156,000 after purchasing an additional 2,680 shares in the last quarter. Creative Planning bought a new stake in Carrizo Oil & Gas during the 2nd quarter worth approximately $222,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Carrizo Oil & Gas by 144.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,128 shares of the oil and gas producer’s stock worth $230,000 after purchasing an additional 5,397 shares in the last quarter. CIBC Asset Management Inc bought a new stake in Carrizo Oil & Gas during the 2nd quarter worth approximately $278,000. Finally, Brown Advisory Inc. bought a new stake in Carrizo Oil & Gas during the 2nd quarter worth approximately $301,000. 96.57% of the stock is owned by institutional investors and hedge funds.
In related news, insider S P. Iv Johnson sold 8,000 shares of the stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $22.32, for a total transaction of $178,560.00. Following the completion of the sale, the insider now directly owns 163,076 shares of the company’s stock, valued at approximately $3,639,856.32. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO John Bradley Fisher sold 7,500 shares of the stock in a transaction that occurred on Thursday, October 4th. The stock was sold at an average price of $25.01, for a total value of $187,575.00. Following the sale, the chief operating officer now directly owns 157,436 shares of the company’s stock, valued at $3,937,474.36. The disclosure for this sale can be found here. Insiders sold a total of 31,500 shares of company stock worth $697,495 over the last quarter. 5.40% of the stock is currently owned by corporate insiders.
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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