Insider Selling: Carrizo Oil & Gas CEO Unloads 31,622 Shares of Stock (CRZO)
Carrizo Oil & Gas (NASDAQ:CRZO) CEO S P. Iv Johnson sold 31,622 shares of the company’s stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $57.50, for a total transaction of $1,818,265.00. Following the completion of the transaction, the chief executive officer now directly owns 660,342 shares of the company’s stock, valued at approximately $37,969,665. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
CRZO has been the subject of a number of recent research reports. 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 analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Carrizo Oil & Gas currently has a consensus rating of “Buy” and a consensus price target of $55.48.
Shares of 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 52-week low of $25.61 and a 52-week 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 announced its earnings results on Tuesday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.54 earnings per share. The company’s revenue for the quarter 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.
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