Carrizo Oil & Gas Inc. is an Oil US Exploration and Production company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on CRZO’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Carrizo Oil & Gas could be a solid choice for investors.
Current Quarter Estimates for CRZO
In the past 30 days, 8 estimates have gone higher for Carrizo Oil & Gas while 1 have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 23 cents a share 30 days ago, to 27 cents today, a move of 17.4%.
Current Year Estimates for CRZO
Meanwhile, Carrizo Oil & Gas’s current year figures are also looking quite promising, with 12 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 82 cents per share 30 days ago to $1.09 per share today, an increase of 32.9%.
Bottom Line
The stock has also started to move higher lately, adding 18.4% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.
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Increased Earnings Estimates Seen for Carrizo Oil & Gas (CRZO): Can It Move Higher?
Carrizo Oil & Gas Inc. is an Oil US Exploration and Production company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on CRZO’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Carrizo Oil & Gas could be a solid choice for investors.
Current Quarter Estimates for CRZO
In the past 30 days, 8 estimates have gone higher for Carrizo Oil & Gas while 1 have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 23 cents a share 30 days ago, to 27 cents today, a move of 17.4%.
Current Year Estimates for CRZO
Meanwhile, Carrizo Oil & Gas’s current year figures are also looking quite promising, with 12 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 82 cents per share 30 days ago to $1.09 per share today, an increase of 32.9%.
CARRIZO OIL&GAS Price and Consensus
CARRIZO OIL&GAS Price and Consensus | CARRIZO OIL&GAS Quote
Bottom Line
The stock has also started to move higher lately, adding 18.4% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>