Insider Selling: John Bradley Fisher Sells 13,401 Shares of Carrizo Oil & Gas Stock (CRZO)
Carrizo Oil & Gas (NASDAQ:CRZO) COO John Bradley Fisher sold 13,401 shares of Carrizo Oil & Gas stock on the open market in a transaction dated Friday, October 4th. The stock was sold at an average price of $41.62, for a total value of $557,749.62. Following the sale, the chief operating officer now directly owns 97,529 shares in the company, valued at approximately $4,059,157. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Carrizo Oil & Gas (NASDAQ:CRZO) traded up 1.63% during mid-day trading on Friday, hitting $41.65. The stock had a trading volume of 1,824,205 shares. Carrizo Oil & Gas has a one year low of $19.47 and a one year high of $42.13. The stock’s 50-day moving average is $35.42 and its 200-day moving average is $29.86. The company has a market cap of $1.702 billion and a P/E ratio of 20.42.
Carrizo Oil & Gas (NASDAQ:CRZO) last released its earnings data on Wednesday, August 7th. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 60.1% on a year-over-year basis. Analysts expect that Carrizo Oil & Gas will post $2.65 EPS for the current fiscal year.
A number of research firms have recently commented on CRZO. 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 equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Carrizo Oil & Gas presently has a consensus rating of “Buy” and an average price target of $35.45.
Carrizo Oil & Gas, Inc (NASDAQ:CRZO) is an independent energy company.
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