Insider Selling: Gregory Evans Sells 2,050 Shares of Carrizo Oil & Gas Stock (CRZO)
Carrizo Oil & Gas (NASDAQ:CRZO) VP Gregory Evans unloaded 2,050 shares of the company’s stock on the open market in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $41.08, for a total transaction of $84,214.00. Following the transaction, the vice president now directly owns 52,574 shares of the company’s stock, valued at approximately $2,159,740. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
CRZO has been the subject of a number of recent research reports. Analysts at Sterne Agee initiated coverage on shares of Carrizo Oil & Gas (NASDAQ:CRZO) in a research note to investors on Friday. They set a “buy” rating and a $50.00 price target on the stock. Separately, analysts at Miller Tabak initiated coverage on shares of Carrizo Oil & Gas (NASDAQ:CRZO) in a research note to investors on Monday, September 23rd. They set a “buy” rating and a $46.00 price target on the stock. Finally, analysts at SunTrust raised their price target on shares of Carrizo Oil & Gas (NASDAQ:CRZO) from $32.00 to $45.00 in a research note to investors on Thursday, September 19th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $35.45.
Shares of Carrizo Oil & Gas (NASDAQ:CRZO) traded up 1.63% during mid-day trading on Friday, hitting $41.65. 1,824,205 shares of the company’s stock traded hands. Carrizo Oil & Gas has a 52 week low of $19.47 and a 52 week high of $42.13. The stock has a 50-day moving average of $35.42 and a 200-day moving average of $29.86. The company has a market cap of $1.702 billion and a price-to-earnings ratio of 20.42.
Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.61 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.53 by $0.08. The company had revenue of $134.22 million for the quarter, compared to the consensus estimate of $128.73 million. During the same quarter last year, the company posted $0.26 earnings per share. Carrizo Oil & Gas’s revenue was up 60.1% compared to the same quarter last year. On average, analysts predict that Carrizo Oil & Gas will post $2.65 earnings per share for the current fiscal year.
Carrizo Oil & Gas, Inc (NASDAQ:CRZO) is an independent energy company.
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