Gregory F. Conaway Sells 839 Shares of Carrizo Oil & Gas, Inc. (CRZO) Stock

Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) VP Gregory F. Conaway sold 839 shares of Carrizo Oil & Gas stock in a transaction dated Thursday, April 5th. The shares were sold at an average price of $17.50, for a total value of $14,682.50. Following the transaction, the vice president now directly owns 17,870 shares in the company, valued at $312,725. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

CRZO traded down $0.53 on Monday, hitting $15.99. 3,210,705 shares of the company’s stock traded hands, compared to its average volume of 3,460,278. The company has a market capitalization of $1,345.47, a PE ratio of 11.18 and a beta of 2.09. Carrizo Oil & Gas, Inc. has a one year low of $11.10 and a one year high of $29.10. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 4.39.

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Carrizo Oil & Gas (NASDAQ:CRZO) last released its quarterly earnings data on Monday, February 26th. The oil and gas producer reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ 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 for the quarter, compared to the consensus estimate of $238.06 million. During the same quarter in the previous year, the company posted $0.44 EPS. The company’s revenue was up 71.6% compared to the same quarter last year. equities research analysts predict that Carrizo Oil & Gas, Inc. will post 2.56 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in CRZO. Nationwide Fund Advisors increased its stake in Carrizo Oil & Gas by 14.3% in the 3rd quarter. Nationwide Fund Advisors now owns 39,989 shares of the oil and gas producer’s stock worth $685,000 after acquiring an additional 5,008 shares during the last quarter. Rhumbline Advisers increased its stake in Carrizo Oil & Gas by 16.3% in the 3rd quarter. Rhumbline Advisers now owns 148,505 shares of the oil and gas producer’s stock worth $2,544,000 after acquiring an additional 20,781 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Carrizo Oil & Gas by 4.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 936,248 shares of the oil and gas producer’s stock worth $16,037,000 after acquiring an additional 38,231 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Carrizo Oil & Gas by 77.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 178,161 shares of the oil and gas producer’s stock worth $3,052,000 after acquiring an additional 77,982 shares during the last quarter. Finally, American International Group Inc. increased its stake in Carrizo Oil & Gas by 25.1% in the 3rd quarter. American International Group Inc. now owns 60,814 shares of the oil and gas producer’s stock worth $1,042,000 after acquiring an additional 12,192 shares during the last quarter.

CRZO has been the topic of a number of analyst reports. JPMorgan Chase lifted their price objective on Carrizo Oil & Gas from $24.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, January 25th. BMO Capital Markets reaffirmed a “buy” rating and set a $26.00 price objective on shares of Carrizo Oil & Gas in a research report on Thursday, January 11th. Williams Capital reaffirmed a “buy” rating and set a $28.00 price objective (down from $32.00) on shares of Carrizo Oil & Gas in a research report on Tuesday, February 27th. Citigroup initiated coverage on Carrizo Oil & Gas in a research report on Friday, December 22nd. They set a “neutral” rating and a $26.00 price objective on the stock. Finally, Stifel Nicolaus set a $44.00 price objective on Carrizo Oil & Gas and gave the company a “buy” rating in a research report on Monday, January 29th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $26.89.

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Carrizo Oil & Gas Company Profile

Carrizo Oil & Gas, Inc, together with its subsidiaries, engages in the exploration, development, and production of crude oil, natural gas liquids, and gas from resource plays primarily in the United States. The company holds interests in oil and gas plays, including Eagle Ford Shale in South Texas; and the Delaware Basin in West Texas.

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

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