Insider Selling: Paul F. Boling Unloads 12,723 Shares of Carrizo Oil & Gas Stock (CRZO)
Carrizo Oil & Gas (NASDAQ:CRZO) CFO Paul F. Boling sold 12,723 shares of the stock on the open market in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $57.51, for a total value of $731,699.73. Following the completion of the transaction, the chief financial officer now directly owns 54,168 shares in the company, valued at approximately $3,115,202. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Carrizo Oil & Gas (NASDAQ:CRZO) traded down 1.93% during mid-day trading 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 issued its quarterly earnings data 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.
A number of research firms have recently commented on CRZO. 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 stock. The company presently has an average rating of “Buy” and a consensus target price of $55.48.
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.