Carrizo Oil & Gas VP Richard H. Smith Unloads 10,000 Shares (CRZO)
Carrizo Oil & Gas (NASDAQ:CRZO) VP Richard H. Smith unloaded 10,000 shares of Carrizo Oil & Gas stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $60.00, for a total transaction of $600,000.00. Following the transaction, the vice president now directly owns 47,875 shares of the company’s stock, valued at approximately $2,872,500. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Carrizo Oil & Gas (NASDAQ:CRZO) traded up 2.00% on Wednesday, hitting $61.59. The stock had a trading volume of 1,165,391 shares. Carrizo Oil & Gas has a 52-week low of $25.61 and a 52-week high of $61.75. The stock’s 50-day moving average is $56.07 and its 200-day moving average is $48.00. The company has a market cap of $2.802 billion and a price-to-earnings ratio of 110.18.
Carrizo Oil & Gas (NASDAQ:CRZO) last released its 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. Analysts expect that Carrizo Oil & Gas will post $2.74 EPS 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 investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $55.48.
Carrizo Oil & Gas, Inc (NASDAQ:CRZO) is an independent energy company.
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