Carrizo Oil & Gas VP Gregory E. Evans Unloads 7,500 Shares (CRZO)
Carrizo Oil & Gas (NASDAQ:CRZO) VP Gregory E. Evans sold 7,500 shares of Carrizo Oil & Gas stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $62.80, for a total value of $471,000.00. Following the completion of the sale, the vice president now directly owns 40,569 shares of the company’s stock, valued at approximately $2,547,733. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Carrizo Oil & Gas (NASDAQ:CRZO) traded up 1.17% on Friday, hitting $64.07. The stock had a trading volume of 658,502 shares. Carrizo Oil & Gas has a 1-year low of $26.05 and a 1-year high of $65.33. The stock’s 50-day moving average is $57.38 and its 200-day moving average is $48.88. The company has a market cap of $2.914 billion and a P/E ratio of 115.57.
Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly 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. Analysts expect that Carrizo Oil & Gas will post $2.74 EPS for the current fiscal year.
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 assigned a buy rating to the company. Carrizo Oil & Gas currently has a consensus rating of “Buy” and a consensus price target of $55.48.
Carrizo Oil & Gas, Inc (NASDAQ:CRZO) is an independent energy company.
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