Carrizo Oil & Gas VP Gregory E. Evans Unloads 28,000 Shares (CRZO)
Carrizo Oil & Gas (NASDAQ:CRZO) VP Gregory E. Evans unloaded 28,000 shares of Carrizo Oil & Gas stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $61.34, for a total transaction of $1,717,520.00. Following the sale, the vice president now directly owns 12,569 shares of the company’s stock, valued at approximately $770,982. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on CRZO. Analysts at Tudor Pickering upgraded shares of Carrizo Oil & Gas from a “hold” rating to an “accumulate” rating in a research note on Tuesday, August 19th. Separately, analysts at BMO Capital Markets upgraded shares of Carrizo Oil & Gas from a “market perform” rating to an “outperform” rating in a research note on Tuesday, August 12th. They now have a $70.00 price target on the stock. Finally, analysts at Northland Securities raised their price target on shares of Carrizo Oil & Gas from $76.00 to $83.00 in a research note on Wednesday, August 6th. They now have an “outperform” rating on the stock. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Carrizo Oil & Gas presently has an average rating of “Buy” and a consensus price target of $68.32.
Shares of Carrizo Oil & Gas (NASDAQ:CRZO) traded up 3.16% during mid-day trading on Friday, hitting $62.72. 920,623 shares of the company’s stock traded hands. Carrizo Oil & Gas has a 52 week low of $32.80 and a 52 week high of $70.49. The stock has a 50-day moving average of $62.20 and a 200-day moving average of $57.13. The company’s market cap is $2.887 billion.
Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.68 by $0.02. The company had revenue of $193.50 million for the quarter, compared to the consensus estimate of $172.42 million. During the same quarter in the prior year, the company posted $0.61 earnings per share. The company’s quarterly revenue was up 33.3% on a year-over-year basis. Analysts expect that Carrizo Oil & Gas will post $2.79 EPS for the current fiscal year.
Carrizo Oil & Gas, Inc (NASDAQ:CRZO) is an independent energy company.
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