Equities research analysts forecast that Carrizo Oil & Gas Inc (NASDAQ:CRZO) will announce sales of $262.87 million for the current quarter, according to Zacks Investment Research. Twelve analysts have issued estimates for Carrizo Oil & Gas’ earnings. The highest sales estimate is $273.60 million and the lowest is $251.20 million. Carrizo Oil & Gas reported sales of $263.97 million in the same quarter last year, which suggests a negative year over year growth rate of 0.4%. The business is scheduled to report its next quarterly earnings report on Monday, August 5th.
On average, analysts expect that Carrizo Oil & Gas will report full year sales of $1.04 billion for the current fiscal year, with estimates ranging from $930.00 million to $1.12 billion. For the next financial year, analysts anticipate that the company will report sales of $1.11 billion, with estimates ranging from $970.00 million to $1.28 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Carrizo Oil & Gas.
Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings results 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. Carrizo Oil & Gas had a net margin of 49.20% and a return on equity of 32.14%. The firm had revenue of $233.04 million during the quarter, compared to analyst estimates of $228.41 million. During the same quarter in the prior year, the business posted $0.48 earnings per share. Carrizo Oil & Gas’s revenue for the quarter was up 3.4% compared to the same quarter last year.
Shares of CRZO stock opened at $9.53 on Monday. Carrizo Oil & Gas has a one year low of $8.64 and a one year high of $28.45. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 1.55. The stock’s 50 day moving average is $9.86. The firm has a market capitalization of $870.47 million, a price-to-earnings ratio of 3.41, a price-to-earnings-growth ratio of 0.13 and a beta of 2.14.
In other news, insider S P. Iv Johnson sold 8,000 shares of the stock in a transaction on Monday, June 17th. The shares were sold at an average price of $9.15, for a total value of $73,200.00. Following the completion of the sale, the insider now owns 195,221 shares of the company’s stock, valued at $1,786,272.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 24,000 shares of company stock valued at $259,600 in the last three months. Company insiders own 4.80% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in shares of Carrizo Oil & Gas by 2.3% in the 4th quarter. Bank of New York Mellon Corp now owns 1,121,591 shares of the oil and gas producer’s stock worth $12,664,000 after buying an additional 25,722 shares during the last quarter. Advisor Group Inc. boosted its stake in shares of Carrizo Oil & Gas by 276.2% in the 4th quarter. Advisor Group Inc. now owns 7,333 shares of the oil and gas producer’s stock worth $83,000 after buying an additional 5,384 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Carrizo Oil & Gas by 4.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,136,313 shares of the oil and gas producer’s stock worth $35,409,000 after buying an additional 140,059 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Carrizo Oil & Gas by 473.8% in the 4th quarter. Stifel Financial Corp now owns 62,389 shares of the oil and gas producer’s stock worth $705,000 after buying an additional 51,516 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Carrizo Oil & Gas by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 953,179 shares of the oil and gas producer’s stock worth $10,761,000 after buying an additional 38,058 shares during the last quarter.
About Carrizo Oil & Gas
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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