Insider Selling: Carrizo Oil & Gas Inc. (CRZO) COO Sells 7,500 Shares of Stock
Carrizo Oil & Gas Inc. (NASDAQ:CRZO) COO John Bradley Fisher sold 7,500 shares of the company’s stock in a transaction on Monday, October 10th. The shares were sold at an average price of $43.00, for a total transaction of $322,500.00. Following the completion of the sale, the chief operating officer now directly owns 144,072 shares in the company, valued at $6,195,096. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
John Bradley Fisher also recently made the following trade(s):
- On Monday, September 26th, John Bradley Fisher sold 27,831 shares of Carrizo Oil & Gas stock. The stock was sold at an average price of $35.05, for a total transaction of $975,476.55.
Carrizo Oil & Gas Inc. (NASDAQ:CRZO) traded down 2.52% during mid-day trading on Wednesday, reaching $41.40. 1,568,434 shares of the company’s stock were exchanged. The stock’s market cap is $2.44 billion. The stock has a 50-day moving average price of $37.95 and a 200-day moving average price of $35.97. Carrizo Oil & Gas Inc. has a 52 week low of $16.10 and a 52 week high of $43.56.
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Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.16. The company earned $107.30 million during the quarter, compared to analysts’ expectations of $119.67 million. Carrizo Oil & Gas had a positive return on equity of 19.03% and a negative net margin of 421.40%. The business’s revenue was down 13.1% on a year-over-year basis. During the same period last year, the business earned $0.39 earnings per share. On average, analysts forecast that Carrizo Oil & Gas Inc. will post $1.06 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Louisiana State Employees Retirement System boosted its position in shares of Carrizo Oil & Gas by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 24,200 shares of the company’s stock worth $868,000 after buying an additional 200 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Carrizo Oil & Gas by 2.1% in the second quarter. Nisa Investment Advisors LLC now owns 14,300 shares of the company’s stock worth $513,000 after buying an additional 300 shares during the last quarter. PineBridge Investments L.P. boosted its position in Carrizo Oil & Gas by 4.6% in the second quarter. PineBridge Investments L.P. now owns 6,932 shares of the company’s stock worth $248,000 after buying an additional 303 shares in the last quarter. Brown Advisory Inc. boosted its position in Carrizo Oil & Gas by 2.2% in the second quarter. Brown Advisory Inc. now owns 14,275 shares of the company’s stock worth $511,000 after buying an additional 310 shares in the last quarter. Finally, First Washington CORP boosted its position in Carrizo Oil & Gas by 0.4% in the second quarter. First Washington CORP now owns 94,500 shares of the company’s stock worth $3,388,000 after buying an additional 400 shares in the last quarter.
A number of analysts have weighed in on CRZO shares. Zacks Investment Research cut shares of Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a report on Wednesday, October 5th. Cantor Fitzgerald reissued a “buy” rating on shares of Carrizo Oil & Gas in a report on Sunday, July 10th. KLR Group raised shares of Carrizo Oil & Gas from an “accumulate” rating to a “buy” rating and increased their target price for the stock from $41.00 to $49.00 in a report on Monday, July 18th. Simmons reissued a “neutral” rating and set a $46.00 target price (up from $42.00) on shares of Carrizo Oil & Gas in a report on Monday, August 15th. Finally, FBR & Co increased their target price on shares of Carrizo Oil & Gas from $49.00 to $50.00 and gave the stock an “outperform” rating in a report on Tuesday, September 6th. Four equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Carrizo Oil & Gas has an average rating of “Buy” and an average price target of $40.09.
About Carrizo Oil & Gas
Carrizo Oil & Gas, Inc is an energy company. The Company is engaged in the exploration, development and production of oil and gas from resource plays located in the United States. Its operations are focused in proven, producing oil and gas plays in the Eagle Ford Shale in South Texas, the Delaware Basin in West Texas, the Utica Shale in Ohio, the Niobrara Formation in Colorado, and the Marcellus Shale in Pennsylvania.
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