Carrizo Oil & Gas VP Unloads $559,188 in Stock (CRZO)
Carrizo Oil & Gas (NASDAQ:CRZO) VP Gregory E. Evans sold 9,725 shares of Carrizo Oil & Gas stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $57.50, for a total value of $559,187.50. Following the transaction, the vice president now directly owns 48,069 shares in the company, valued at approximately $2,763,968. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Imperial Capital raised their price target on shares of Carrizo Oil & Gas from $60.00 to $65.00 in a research note on Friday, May 9th. They now have an “outperform” rating on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Carrizo Oil & Gas in a research note on Wednesday, May 7th. They now have a $57.00 price target on the stock, up previously from $53.00. Finally, analysts at RBC Capital raised their price target on shares of Carrizo Oil & Gas from $57.00 to $60.00 in a research note on Wednesday, May 7th. They now have an “outperform” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $55.48.
Carrizo Oil & Gas (NASDAQ:CRZO) traded down 1.93% on Friday, hitting $57.46. The stock had a trading volume of 972,927 shares. Carrizo Oil & Gas has a 1-year low of $25.61 and a 1-year high of $59.10. The stock’s 50-day moving average is $55.24 and its 200-day moving average is $47.56. The company has a market cap of $2.614 billion and a P/E ratio of 106.92.
Carrizo Oil & Gas (NASDAQ:CRZO) last announced its earnings results on Tuesday, May 6th. The company reported $0.51 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.40 by $0.11. The company had revenue of $150.50 million for the quarter, compared to the consensus estimate of $140.26 million. During the same quarter last year, the company posted $0.54 earnings per share. Carrizo Oil & Gas’s revenue was up 27.3% compared to the same quarter last year. On average, analysts predict that Carrizo Oil & Gas will post $2.72 earnings per share for the current fiscal year.
Carrizo Oil & Gas, Inc (NASDAQ:CRZO) is an independent energy company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.