Carrizo Oil & Gas Inc (NASDAQ:CRZO) VP Gregory F. Conaway sold 4,453 shares of Carrizo Oil & Gas stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $14.84, for a total value of $66,082.52. Following the completion of the transaction, the vice president now owns 13,228 shares of the company’s stock, valued at $196,303.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Carrizo Oil & Gas Inc (NASDAQ:CRZO) traded down $0.08 during trading on Tuesday, reaching $14.86. The company had a trading volume of 2,816,351 shares, compared to its average volume of 3,451,184. Carrizo Oil & Gas Inc has a twelve month low of $11.10 and a twelve month high of $30.19. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market capitalization of $1,273.37, a PE ratio of 11.98 and a beta of 2.29.
Carrizo Oil & Gas (NASDAQ:CRZO) last posted its earnings results on Monday, February 26th. The oil and gas producer reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.12. Carrizo Oil & Gas had a return on equity of 48.04% and a net margin of 11.68%. The business had revenue of $246.77 million during the quarter, compared to analysts’ expectations of $238.06 million. During the same period in the previous year, the business earned $0.44 earnings per share. The firm’s revenue was up 71.6% on a year-over-year basis. equities research analysts predict that Carrizo Oil & Gas Inc will post 2.61 EPS for the current year.
A number of institutional investors have recently bought and sold shares of CRZO. Sterling Investment Advisors Ltd. purchased a new position in Carrizo Oil & Gas during the fourth quarter worth about $128,000. Amalgamated Bank purchased a new position in shares of Carrizo Oil & Gas in the 3rd quarter worth about $182,000. CIBC Asset Management Inc purchased a new position in shares of Carrizo Oil & Gas in the 4th quarter worth about $212,000. Crossmark Global Holdings Inc. purchased a new position in shares of Carrizo Oil & Gas in the 3rd quarter worth about $231,000. Finally, Van ECK Associates Corp boosted its holdings in shares of Carrizo Oil & Gas by 50.0% in the 3rd quarter. Van ECK Associates Corp now owns 13,544 shares of the oil and gas producer’s stock worth $232,000 after purchasing an additional 4,516 shares in the last quarter.
Several brokerages have recently weighed in on CRZO. Piper Jaffray Companies reiterated a “hold” rating and issued a $25.00 price target on shares of Carrizo Oil & Gas in a research report on Thursday, March 15th. Zacks Investment Research upgraded Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Wednesday, January 10th. Citigroup set a $17.00 price target on Carrizo Oil & Gas and gave the company a “hold” rating in a research report on Friday, March 9th. SunTrust Banks set a $23.00 price target on Carrizo Oil & Gas and gave the company a “buy” rating in a research report on Tuesday, February 27th. They noted that the move was a valuation call. Finally, Jefferies Group upgraded Carrizo Oil & Gas from a “hold” rating to a “buy” rating and lifted their price target for the company from $14.05 to $20.00 in a research report on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. The company currently 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.
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