Insider Selling: Carrizo Oil & Gas CEO Sells 6,000 Shares of Stock (CRZO)
Carrizo Oil & Gas (NASDAQ:CRZO) CEO S P. Iv Johnson sold 6,000 shares of the stock on the open market in a transaction dated Friday, August 1st. The stock was sold at an average price of $60.55, for a total transaction of $363,300.00. Following the sale, the chief executive officer now directly owns 642,342 shares of the company’s stock, valued at approximately $38,893,808. The sale was disclosed in a document filed with the SEC, which is available at this link.
Carrizo Oil & Gas (NASDAQ:CRZO) traded down 0.88% on Friday, hitting $60.87. 1,174,287 shares of the company’s stock traded hands. Carrizo Oil & Gas has a 52 week low of $31.73 and a 52 week high of $70.49. The stock’s 50-day moving average is $66.35 and its 200-day moving average is $54.93. The company has a market cap of $2.769 billion and a price-to-earnings ratio of 112.06.
Carrizo Oil & Gas (NASDAQ:CRZO) last announced its earnings results 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 $2.86 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Howard Weil raised their price target on shares of Carrizo Oil & Gas from $59.00 to $74.00 in a research note on Thursday, July 10th. They now have a “sector perform” rating on the stock. Separately, analysts at Mizuho raised their price target on shares of Carrizo Oil & Gas from $67.00 to $80.00 in a research note on Wednesday, July 2nd. They now have a “buy” rating on the stock. Finally, analysts at Global Hunter Securities raised their price target on shares of Carrizo Oil & Gas from $67.00 to $84.00 in a research note on Tuesday, July 1st. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $65.27.
Carrizo Oil & Gas, Inc (NASDAQ:CRZO) is an independent energy company.
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