Carrizo Oil & Gas Inc (CRZO) Insider S P. Iv Johnson Sells 8,000 Shares

Carrizo Oil & Gas Inc (NASDAQ:CRZO) insider S P. Iv Johnson sold 8,000 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $18.69, for a total transaction of $149,520.00. Following the completion of the transaction, the insider now owns 231,194 shares of the company’s stock, valued at approximately $4,321,015.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Carrizo Oil & Gas Inc (NASDAQ:CRZO) traded up $0.91 on Thursday, reaching $19.33. 3,701,274 shares of the company were exchanged, compared to its average volume of 2,721,013. Carrizo Oil & Gas Inc has a 52-week low of $11.10 and a 52-week high of $43.96. The stock has a market capitalization of $1,527.27, a PE ratio of 15.00 and a beta of 2.20. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 4.38.

Carrizo Oil & Gas (NASDAQ:CRZO) last announced its quarterly earnings results on Tuesday, November 7th. The oil and gas producer reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.09. Carrizo Oil & Gas had a net margin of 16.08% and a return on equity of 58.37%. The firm had revenue of $181.28 million during the quarter, compared to analysts’ expectations of $177.97 million. During the same period in the previous year, the company earned $0.23 earnings per share. Carrizo Oil & Gas’s quarterly revenue was up 63.1% compared to the same quarter last year. analysts anticipate that Carrizo Oil & Gas Inc will post 1.29 earnings per share for the current fiscal year.

Several equities analysts have commented on the stock. Goldman Sachs Group set a $17.00 price target on shares of Carrizo Oil & Gas and gave the stock a “hold” rating in a research note on Thursday, October 19th. Tudor Pickering downgraded shares of Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. Jefferies Group restated a “buy” rating and issued a $25.00 price target (down previously from $64.00) on shares of Carrizo Oil & Gas in a research note on Tuesday, August 29th. Royal Bank Of Canada restated a “buy” rating and issued a $23.00 price target on shares of Carrizo Oil & Gas in a research note on Friday, September 15th. Finally, Zacks Investment Research raised shares of Carrizo Oil & Gas from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $28.76.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. NWQ Investment Management Company LLC increased its stake in Carrizo Oil & Gas by 122.6% in the third quarter. NWQ Investment Management Company LLC now owns 7,261,441 shares of the oil and gas producer’s stock valued at $124,388,000 after purchasing an additional 3,999,717 shares during the period. Frontier Capital Management Co. LLC increased its stake in Carrizo Oil & Gas by 27.6% in the third quarter. Frontier Capital Management Co. LLC now owns 6,256,691 shares of the oil and gas producer’s stock valued at $107,177,000 after purchasing an additional 1,351,602 shares during the period. Lord Abbett & CO. LLC increased its stake in Carrizo Oil & Gas by 89.5% in the second quarter. Lord Abbett & CO. LLC now owns 2,659,107 shares of the oil and gas producer’s stock valued at $46,322,000 after purchasing an additional 1,256,160 shares during the period. BlackRock Inc. increased its stake in Carrizo Oil & Gas by 11.4% in the second quarter. BlackRock Inc. now owns 9,534,149 shares of the oil and gas producer’s stock valued at $166,088,000 after purchasing an additional 978,942 shares during the period. Finally, Prudential Financial Inc. increased its stake in Carrizo Oil & Gas by 488.5% in the third quarter. Prudential Financial Inc. now owns 1,145,250 shares of the oil and gas producer’s stock valued at $19,619,000 after purchasing an additional 950,660 shares during the period.

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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.

Insider Buying and Selling by Quarter for Carrizo Oil & Gas (NASDAQ:CRZO)

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