Insider Selling: Carrizo Oil & Gas CAO Sells 10,047 Shares of Stock (CRZO)
Carrizo Oil & Gas (NASDAQ:CRZO) CAO David L. Pitts unloaded 10,047 shares of the stock on the open market in a transaction dated Friday, May 30th. The shares were sold at an average price of $57.51, for a total value of $577,802.97. Following the completion of the sale, the chief accounting officer now directly owns 25,673 shares of the company’s stock, valued at approximately $1,476,454. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 issued a buy rating to the company. Carrizo Oil & Gas presently has a consensus rating of “Buy” and a consensus target price of $55.48.
Shares of Carrizo Oil & Gas (NASDAQ:CRZO) traded down 1.93% during mid-day trading on Friday, hitting $57.46. 972,927 shares of the company’s stock traded hands. Carrizo Oil & Gas has a one year low of $25.61 and a one year high of $59.10. The stock has a 50-day moving average of $55.24 and a 200-day moving average of $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 issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was up 27.3% on a year-over-year basis. 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.