Insider Selling: Carrizo Oil & Gas CEO Sells 6,000 Shares of Stock (CRZO)
Carrizo Oil & Gas (NASDAQ:CRZO) CEO S Iv Johnson sold 6,000 shares of the stock on the open market in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $42.59, for a total value of $255,540.00. Following the completion of the transaction, the chief executive officer now directly owns 638,837 shares of the company’s stock, valued at approximately $27,208,068. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on CRZO shares. Analysts at Iberia Capital initiated coverage on shares of Carrizo Oil & Gas in a research note to investors on Friday, December 27th. They set an “outperform” rating and a $55.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Carrizo Oil & Gas from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, December 4th. They now have a $38.70 price target on the stock. Finally, analysts at MLV Capital initiated coverage on shares of Carrizo Oil & Gas in a research note to investors on Friday, November 22nd. They set a “buy” rating and a $60.00 price target on the stock. Two analysts have rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $41.16.
Shares of Carrizo Oil & Gas (NASDAQ:CRZO) traded down 1.45% during mid-day trading on Friday, hitting $42.18. 845,606 shares of the company’s stock traded hands. Carrizo Oil & Gas has a 52 week low of $19.49 and a 52 week high of $47.87. The stock’s 50-day moving average is $41.78 and its 200-day moving average is $37.33. The company has a market cap of $1.726 billion and a price-to-earnings ratio of 20.05.
Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.72 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.70 by $0.02. The company had revenue of $144.32 million for the quarter, compared to the consensus estimate of $146.50 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 56.5% on a year-over-year basis. Analysts expect that Carrizo Oil & Gas will post $2.35 EPS for the current fiscal year.
Carrizo Oil & Gas, Inc (NASDAQ:CRZO) is an independent energy company.
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