Carrizo Oil & Gas Inc (NASDAQ:CRZO) insider S P. Iv Johnson sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $22.32, for a total transaction of $178,560.00. Following the completion of the transaction, the insider now owns 163,076 shares of the company’s stock, valued at $3,639,856.32. The sale was disclosed in a legal filing with the SEC, which is available at this link.

CRZO opened at $21.53 on Friday. Carrizo Oil & Gas Inc has a fifty-two week low of $13.49 and a fifty-two week high of $31.57. The company has a debt-to-equity ratio of 3.52, a quick ratio of 0.26 and a current ratio of 0.26. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 15.06 and a beta of 2.18.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its earnings results on Monday, August 6th. The oil and gas producer reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.12. Carrizo Oil & Gas had a net margin of 5.84% and a return on equity of 52.59%. The firm had revenue of $264.00 million for the quarter, compared to analyst estimates of $230.08 million. During the same period in the previous year, the firm posted $0.30 EPS. The company’s revenue for the quarter was up 58.6% compared to the same quarter last year. Equities research analysts forecast that Carrizo Oil & Gas Inc will post 2.93 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Peregrine Capital Management LLC grew its holdings in Carrizo Oil & Gas by 9.0% during the 3rd quarter. Peregrine Capital Management LLC now owns 268,168 shares of the oil and gas producer’s stock worth $6,758,000 after acquiring an additional 22,144 shares during the last quarter. Bowling Portfolio Management LLC bought a new stake in shares of Carrizo Oil & Gas in the 3rd quarter valued at $707,000. Louisiana State Employees Retirement System boosted its stake in shares of Carrizo Oil & Gas by 7.7% in the 3rd quarter. Louisiana State Employees Retirement System now owns 37,600 shares of the oil and gas producer’s stock valued at $948,000 after purchasing an additional 2,700 shares during the last quarter. First Hawaiian Bank bought a new stake in shares of Carrizo Oil & Gas in the 3rd quarter valued at $298,000. Finally, State of Alaska Department of Revenue boosted its stake in shares of Carrizo Oil & Gas by 8.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 27,559 shares of the oil and gas producer’s stock valued at $694,000 after purchasing an additional 2,065 shares during the last quarter.

Several equities analysts have recently commented on CRZO shares. BidaskClub upgraded shares of Carrizo Oil & Gas from a “hold” rating to a “buy” rating in a research report on Wednesday, September 26th. Williams Capital restated a “buy” rating and issued a $41.00 target price on shares of Carrizo Oil & Gas in a research report on Monday, July 23rd. SunTrust Banks reaffirmed a “buy” rating and set a $35.00 price target on shares of Carrizo Oil & Gas in a report on Monday, August 20th. KLR Group reaffirmed a “buy” rating and set a $35.00 price target on shares of Carrizo Oil & Gas in a report on Monday, August 20th. Finally, Johnson Rice raised shares of Carrizo Oil & Gas from an “accumulate” rating to a “buy” rating in a report on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Carrizo Oil & Gas has an average rating of “Buy” and a consensus target price of $29.63.

About Carrizo Oil & Gas

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.

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