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 firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $18.19, for a total transaction of $145,520.00. Following the sale, the insider now owns 208,294 shares of the company’s stock, valued at $3,788,867.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Carrizo Oil & Gas Inc (CRZO) opened at $15.63 on Friday. The company has a market cap of $1,257.89, a price-to-earnings ratio of 12.60 and a beta of 2.29. Carrizo Oil & Gas Inc has a twelve month low of $11.10 and a twelve month high of $30.19. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 4.39.

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Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings results on Monday, February 26th. The oil and gas producer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.12. The company had revenue of $246.77 million for the quarter, compared to analyst estimates of $238.06 million. Carrizo Oil & Gas had a net margin of 11.68% and a return on equity of 48.04%. The business’s quarterly revenue was up 71.6% on a year-over-year basis. During the same period last year, the business posted $0.44 EPS. analysts expect that Carrizo Oil & Gas Inc will post 2.73 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of CRZO. Sterling Investment Advisors Ltd. acquired a new stake in Carrizo Oil & Gas in the 4th quarter worth $128,000. Advisor Group Inc. boosted its position in shares of Carrizo Oil & Gas by 47.4% during the 2nd quarter. Advisor Group Inc. now owns 8,121 shares of the oil and gas producer’s stock valued at $141,000 after acquiring an additional 2,611 shares in the last quarter. Amalgamated Bank acquired a new stake in shares of Carrizo Oil & Gas during the 3rd quarter valued at about $182,000. Affinity Investment Advisors LLC acquired a new stake in shares of Carrizo Oil & Gas during the 3rd quarter valued at about $211,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of Carrizo Oil & Gas during the 4th quarter valued at about $212,000.

A number of equities analysts recently commented on CRZO shares. JPMorgan Chase & Co. raised their price objective on shares of Carrizo Oil & Gas from $24.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. BMO Capital Markets reaffirmed a “buy” rating and issued a $26.00 price objective on shares of Carrizo Oil & Gas in a research note on Thursday, January 11th. Citigroup started coverage on shares of Carrizo Oil & Gas in a research note on Friday, December 22nd. They issued a “neutral” rating and a $26.00 price objective for the company. Stifel Nicolaus set a $44.00 price objective on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a research note on Monday, January 29th. Finally, KeyCorp reaffirmed a “buy” rating on shares of Carrizo Oil & Gas in a research note on Friday, December 15th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $27.28.

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Carrizo Oil & Gas Company Profile

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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