Carrizo Oil & Gas Inc (NASDAQ:CRZO) General Counsel Gerald A. Morton sold 10,276 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $12.11, for a total value of $124,442.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of NASDAQ CRZO traded up $0.53 during mid-day trading on Thursday, reaching $13.21. 3,960,388 shares of the company’s stock were exchanged, compared to its average volume of 3,372,722. The firm has a market cap of $1.09 billion, a P/E ratio of 4.75, a P/E/G ratio of 0.19 and a beta of 2.26. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.47 and a quick ratio of 0.47. Carrizo Oil & Gas Inc has a twelve month low of $9.67 and a twelve month high of $31.57.
Carrizo Oil & Gas (NASDAQ:CRZO) last released its quarterly earnings results on Monday, February 25th. The oil and gas producer reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.01. The company had revenue of $273.30 million for the quarter, compared to analyst estimates of $268.91 million. Carrizo Oil & Gas had a return on equity of 42.15% and a net margin of 37.94%. Carrizo Oil & Gas’s revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.58 earnings per share. Equities analysts anticipate that Carrizo Oil & Gas Inc will post 2.34 EPS for the current year.
CRZO has been the topic of several analyst reports. Capital One Financial lowered Carrizo Oil & Gas from an “overweight” rating to an “equal weight” rating in a research note on Thursday, December 20th. Raymond James set a $21.00 target price on Carrizo Oil & Gas and gave the company a “buy” rating in a research note on Wednesday, January 23rd. Northland Securities reissued a “buy” rating and issued a $25.00 target price on shares of Carrizo Oil & Gas in a research note on Tuesday, February 26th. KeyCorp initiated coverage on Carrizo Oil & Gas in a research note on Thursday, January 31st. They issued an “overweight” rating and a $14.50 target price on the stock. Finally, BidaskClub lowered Carrizo Oil & Gas from a “sell” rating to a “strong sell” rating in a research note on Friday, March 1st. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.41.
Large investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue grew its holdings in shares of Carrizo Oil & Gas by 3.4% during the fourth quarter. State of Alaska Department of Revenue now owns 28,506 shares of the oil and gas producer’s stock worth $321,000 after buying an additional 947 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of Carrizo Oil & Gas by 18.5% during the fourth quarter. Mackenzie Financial Corp now owns 1,417,000 shares of the oil and gas producer’s stock worth $15,998,000 after buying an additional 221,000 shares in the last quarter. Ellis Investment Partners LLC bought a new position in shares of Carrizo Oil & Gas during the fourth quarter worth about $939,000. Allianz Asset Management GmbH grew its holdings in shares of Carrizo Oil & Gas by 64.3% during the third quarter. Allianz Asset Management GmbH now owns 69,433 shares of the oil and gas producer’s stock worth $1,750,000 after buying an additional 27,167 shares in the last quarter. Finally, MetLife Investment Advisors LLC grew its holdings in shares of Carrizo Oil & Gas by 58.8% during the third quarter. MetLife Investment Advisors LLC now owns 59,563 shares of the oil and gas producer’s stock worth $1,501,000 after buying an additional 22,054 shares in the last quarter.
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About Carrizo Oil & Gas
Carrizo Oil & Gas, Inc, an energy company, explores for, develops, and produces 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 the Eagle Ford Shale in South Texas; and the Permian Basin in West Texas.
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