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