Today: Today, Q1 2017 Earnings Forecast for Carrizo Oil & Gas Inc. (CRZO) Issued By KeyCorp

Today, Q1 2017 Earnings Forecast for Carrizo Oil & Gas Inc. (CRZO) Issued By KeyCorp

Carrizo Oil & Gas Inc. (NASDAQ:CRZO) – Investment analysts at KeyCorp issued their Q1 2017 earnings estimates for Carrizo Oil & Gas in a research note issued to investors on Tuesday. KeyCorp analyst C. Stevens expects that the firm will post earnings per share of $0.30 for the quarter. KeyCorp has a “Overweight” rating and a $49.00 price target on the stock. KeyCorp also issued estimates for Carrizo Oil & Gas’ Q2 2017 earnings at $0.35 EPS, Q3 2017 earnings at $0.46 EPS, Q4 2017 earnings at $0.56 EPS, FY2017 earnings at $1.66 EPS and Q1 2018 earnings at $0.77 EPS.

A number of other equities analysts have also recently issued reports on CRZO. Zacks Investment Research cut Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Canaccord Genuity restated a “buy” rating and set a $44.00 price objective on shares of Carrizo Oil & Gas in a report on Friday, August 5th. FBR & Co set a $49.00 price objective on Carrizo Oil & Gas and gave the company a “buy” rating in a report on Friday, August 5th. Jefferies Group restated a “buy” rating on shares of Carrizo Oil & Gas in a report on Thursday, August 11th. Finally, Credit Suisse Group AG restated a “buy” rating and set a $42.00 price objective on shares of Carrizo Oil & Gas in a report on Thursday, August 11th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Carrizo Oil & Gas currently has a consensus rating of “Buy” and a consensus price target of $41.00.

Shares of Carrizo Oil & Gas (NASDAQ:CRZO) opened at 38.27 on Thursday. The stock has a 50 day moving average price of $37.77 and a 200-day moving average price of $37.00. Carrizo Oil & Gas has a 1-year low of $16.10 and a 1-year high of $43.56. The stock’s market capitalization is $2.49 billion.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its earnings results on Thursday, November 3rd. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. Carrizo Oil & Gas had a positive return on equity of 85.42% and a negative net margin of 264.25%. The firm had revenue of $111.20 million for the quarter, compared to analysts’ expectations of $127.99 million. During the same period in the prior year, the firm posted $0.20 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis.

Hedge funds have recently modified their holdings of the company. Capital Research Global Investors increased its stake in shares of Carrizo Oil & Gas by 9.7% in the third quarter. Capital Research Global Investors now owns 5,676,973 shares of the company’s stock worth $230,599,000 after buying an additional 500,000 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Carrizo Oil & Gas by 3.3% in the second quarter. Vanguard Group Inc. now owns 4,659,514 shares of the company’s stock worth $167,043,000 after buying an additional 146,895 shares during the last quarter. FMR LLC increased its stake in shares of Carrizo Oil & Gas by 34.1% in the second quarter. FMR LLC now owns 4,189,558 shares of the company’s stock worth $150,196,000 after buying an additional 1,065,521 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of Carrizo Oil & Gas by 8.1% in the third quarter. BlackRock Fund Advisors now owns 3,959,774 shares of the company’s stock worth $160,846,000 after buying an additional 295,678 shares during the last quarter. Finally, Frontier Capital Management Co. LLC increased its stake in shares of Carrizo Oil & Gas by 5.4% in the second quarter. Frontier Capital Management Co. LLC now owns 3,762,074 shares of the company’s stock worth $134,870,000 after buying an additional 192,152 shares during the last quarter.

In other Carrizo Oil & Gas news, insider S P. Iv Johnson sold 6,000 shares of the business’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $39.68, for a total transaction of $238,080.00. Following the sale, the insider now owns 601,717 shares in the company, valued at approximately $23,876,130.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO John Bradley Fisher sold 27,831 shares of the company’s stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $35.05, for a total value of $975,476.55. Following the completion of the sale, the chief operating officer now owns 179,403 shares in the company, valued at approximately $6,288,075.15. The disclosure for this sale can be found here. Company insiders own 6.30% of the company’s stock.

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