Jefferies Financial Group lowered shares of Carrizo Oil & Gas (NASDAQ:CRZO) from a buy rating to a hold rating in a report published on Monday, Briefing.com Automated Import reports. Jefferies Financial Group also issued estimates for Carrizo Oil & Gas’ Q2 2019 earnings at $0.62 EPS, Q3 2019 earnings at $0.60 EPS, Q4 2019 earnings at $0.56 EPS, FY2019 earnings at $2.25 EPS, Q1 2020 earnings at $0.39 EPS, Q2 2020 earnings at $0.50 EPS, Q3 2020 earnings at $0.55 EPS, Q4 2020 earnings at $0.57 EPS, FY2020 earnings at $2.01 EPS, Q1 2021 earnings at $0.41 EPS, Q2 2021 earnings at $0.52 EPS and FY2021 earnings at $2.02 EPS.
Several other analysts also recently commented on CRZO. Capital One Financial downgraded Cimarex Energy from an overweight rating to an equal weight rating in a research note on Wednesday, March 20th. Ifs Securities raised SRC Energy from an outperform rating to a strong-buy rating in a research note on Tuesday, April 23rd. BidaskClub downgraded Xencor from a sell rating to a strong sell rating in a research note on Tuesday, June 11th. Stephens assumed coverage on Carrizo Oil & Gas in a research report on Thursday, March 28th. They set an equal weight rating and a $15.00 price target for the company. Finally, Zacks Investment Research downgraded Hess Midstream Partners from a hold rating to a sell rating in a research report on Tuesday, May 14th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have given a buy rating to the company. Carrizo Oil & Gas presently has an average rating of Hold and an average target price of $20.28.
CRZO stock opened at $9.58 on Monday. The business’s 50 day moving average price is $9.99. Carrizo Oil & Gas has a fifty-two week low of $8.64 and a fifty-two week high of $29.58. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 1.55. The firm has a market cap of $960.20 million, a P/E ratio of 3.76, a P/E/G ratio of 0.14 and a beta of 2.14.
Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings data on Tuesday, May 7th. The oil and gas producer reported $0.47 EPS for the quarter, topping the consensus estimate of $0.40 by $0.07. The firm had revenue of $233.04 million during the quarter, compared to the consensus estimate of $228.41 million. Carrizo Oil & Gas had a return on equity of 32.14% and a net margin of 49.20%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.48 earnings per share. Equities analysts predict that Carrizo Oil & Gas will post 2.74 EPS for the current year.
In related news, insider S P. Iv Johnson sold 8,000 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $9.15, for a total transaction of $73,200.00. Following the completion of the sale, the insider now directly owns 195,221 shares of the company’s stock, valued at $1,786,272.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 24,000 shares of company stock valued at $259,600 over the last ninety days. 4.80% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Mason Street Advisors LLC boosted its holdings in shares of Carrizo Oil & Gas by 3.4% in the first quarter. Mason Street Advisors LLC now owns 27,367 shares of the oil and gas producer’s stock worth $341,000 after acquiring an additional 904 shares during the period. Piedmont Investment Advisors Inc. boosted its holdings in shares of Carrizo Oil & Gas by 5.9% in the first quarter. Piedmont Investment Advisors Inc. now owns 21,513 shares of the oil and gas producer’s stock worth $268,000 after acquiring an additional 1,196 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of Carrizo Oil & Gas by 2.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 59,416 shares of the oil and gas producer’s stock worth $671,000 after acquiring an additional 1,306 shares during the period. Flinton Capital Management LLC boosted its holdings in shares of Carrizo Oil & Gas by 23.3% in the fourth quarter. Flinton Capital Management LLC now owns 10,000 shares of the oil and gas producer’s stock worth $113,000 after acquiring an additional 1,888 shares during the period. Finally, Cypress Capital Management LLC WY boosted its holdings in shares of Carrizo Oil & Gas by 37.3% in the first quarter. Cypress Capital Management LLC WY now owns 7,000 shares of the oil and gas producer’s stock worth $87,000 after acquiring an additional 1,900 shares during the period.
Carrizo Oil & Gas Company Profile
Carrizo Oil & Gas, Inc, an energy company, explores for, develops, and produces 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 the Eagle Ford Shale in South Texas; and the Permian Basin in West Texas.
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