Carrizo Oil & Gas Inc (CRZO) Insider Sells $180,000.00 in Stock

Carrizo Oil & Gas Inc (NASDAQ:CRZO) insider S P. Iv Johnson sold 6,000 shares of the stock in a transaction dated Wednesday, April 5th. The shares were sold at an average price of $30.00, for a total value of $180,000.00. Following the completion of the sale, the insider now directly owns 239,194 shares in the company, valued at approximately $7,175,820. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Carrizo Oil & Gas Inc (NASDAQ:CRZO) traded up 1.18% during mid-day trading on Friday, hitting $25.63. The company had a trading volume of 573,052 shares. Carrizo Oil & Gas Inc has a 52-week low of $25.06 and a 52-week high of $43.96. The firm’s market cap is $1.67 billion. The stock’s 50 day moving average price is $28.33 and its 200 day moving average price is $35.00.

Carrizo Oil & Gas (NASDAQ:CRZO) last announced its quarterly earnings results on Thursday, February 23rd. The oil and gas producer reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.13. Carrizo Oil & Gas had a negative net margin of 264.25% and a positive return on equity of 85.42%. The company earned $143.80 million during the quarter, compared to analyst estimates of $152.69 million. During the same quarter in the previous year, the business earned $0.32 EPS. The firm’s revenue was up 44.7% on a year-over-year basis. On average, equities research analysts predict that Carrizo Oil & Gas Inc will post $1.29 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Carrizo Oil & Gas (NASDAQ:CRZO)

WARNING: This piece was first published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be accessed at https://www.chaffeybreeze.com/2017/04/21/carrizo-oil-gas-inc-crzo-insider-s-p-iv-johnson-sells-6000-shares-of-stock-updated.html.

A number of equities research analysts have issued reports on the company. Canaccord Genuity set a $44.00 price target on Carrizo Oil & Gas and gave the company a “buy” rating in a research report on Saturday, February 11th. Seaport Global Securities raised Carrizo Oil & Gas from a “neutral” rating to a “buy” rating in a research report on Friday, March 31st. Royal Bank of Canada reissued a “buy” rating and set a $47.00 target price on shares of Carrizo Oil & Gas in a research report on Friday, March 31st. Scotiabank set a $48.00 target price on Carrizo Oil & Gas and gave the stock a “buy” rating in a research report on Monday, March 27th. Finally, Zacks Investment Research lowered Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research report on Monday, February 6th. Five analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Carrizo Oil & Gas currently has an average rating of “Buy” and an average price target of $46.00.

Several institutional investors have recently made changes to their positions in CRZO. State of Alaska Department of Revenue raised its position in shares of Carrizo Oil & Gas by 1.8% in the first quarter. State of Alaska Department of Revenue now owns 6,760 shares of the oil and gas producer’s stock valued at $193,000 after buying an additional 120 shares during the period. Arizona State Retirement System raised its position in shares of Carrizo Oil & Gas by 0.7% in the third quarter. Arizona State Retirement System now owns 28,549 shares of the oil and gas producer’s stock worth $1,160,000 after buying an additional 200 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Carrizo Oil & Gas by 0.8% in the third quarter. Louisiana State Employees Retirement System now owns 24,400 shares of the oil and gas producer’s stock worth $991,000 after buying an additional 200 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of Carrizo Oil & Gas by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 12,130 shares of the oil and gas producer’s stock worth $493,000 after buying an additional 200 shares during the last quarter. Finally, Brown Advisory Inc. raised its position in shares of Carrizo Oil & Gas by 2.8% in the fourth quarter. Brown Advisory Inc. now owns 14,455 shares of the oil and gas producer’s stock worth $540,000 after buying an additional 395 shares during the last quarter.

Carrizo Oil & Gas Company Profile

Carrizo Oil & Gas, Inc is an energy company. The Company is engaged in the exploration, development and production of oil and gas from resource plays located in the United States. Its operations are focused in proven, producing oil and gas plays in the Eagle Ford Shale in South Texas, the Delaware Basin in West Texas, the Utica Shale in Ohio, the Niobrara Formation in Colorado, and the Marcellus Shale in Pennsylvania.

5 Day Chart for NASDAQ:CRZO

Receive News & Ratings for Carrizo Oil & Gas Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carrizo Oil & Gas Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply