Carrizo Oil & Gas Inc. (NASDAQ:CRZO) Director Roger A. Ramsey sold 1,000 shares of the firm’s stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $41.35, for a total value of $41,350.00. Following the sale, the director now owns 32,450 shares in the company, valued at approximately $1,341,807.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Carrizo Oil & Gas Inc. (NASDAQ:CRZO) opened at 41.48 on Friday. The company has a 50-day moving average price of $37.36 and a 200-day moving average price of $35.65. Carrizo Oil & Gas Inc. has a 1-year low of $16.10 and a 1-year high of $43.97. The firm’s market capitalization is $2.45 billion.
Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.13 by $0.16. Carrizo Oil & Gas had a negative net margin of 421.40% and a positive return on equity of 19.03%. The business had revenue of $107.30 million for the quarter, compared to analysts’ expectations of $119.67 million. During the same period in the previous year, the company posted $0.39 EPS. Carrizo Oil & Gas’s revenue was down 13.1% on a year-over-year basis. On average, equities research analysts predict that Carrizo Oil & Gas Inc. will post $1.06 earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new position in Carrizo Oil & Gas during the fourth quarter valued at approximately $9,540,000. Nisa Investment Advisors L.L.C. bought a new position in Carrizo Oil & Gas during the first quarter valued at approximately $433,000. Virginia Retirement System bought a new position in Carrizo Oil & Gas during the first quarter valued at approximately $269,000. Teachers Advisors Inc. boosted its position in Carrizo Oil & Gas by 12.4% in the first quarter. Teachers Advisors Inc. now owns 376,665 shares of the company’s stock valued at $11,646,000 after buying an additional 41,600 shares in the last quarter. Finally, Prudential Financial Inc. boosted its position in Carrizo Oil & Gas by 2.9% in the first quarter. Prudential Financial Inc. now owns 130,040 shares of the company’s stock valued at $4,021,000 after buying an additional 3,700 shares in the last quarter.
Several equities research analysts have recently issued reports on CRZO shares. Cantor Fitzgerald restated a “buy” rating on shares of Carrizo Oil & Gas in a report on Sunday, July 10th. Zacks Investment Research cut Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a report on Monday, August 22nd. KLR Group upgraded Carrizo Oil & Gas from an “accumulate” rating to a “buy” rating and raised their price objective for the stock from $41.00 to $49.00 in a report on Monday, July 18th. Simmons restated a “neutral” rating and set a $46.00 price objective (up previously from $42.00) on shares of Carrizo Oil & Gas in a report on Monday, August 15th. Finally, FBR & Co increased their target price on Carrizo Oil & Gas from $49.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 6th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $39.74.
About Carrizo Oil & Gas
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.
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