Carrizo Oil & Gas Inc (NASDAQ:CRZO)’s stock price was down 7.2% during mid-day trading on Wednesday following insider selling activity. The company traded as low as $10.25 and last traded at $10.38, approximately 16,566,840 shares were traded during trading. An increase of 319% from the average daily volume of 3,950,987 shares. The stock had previously closed at $11.19.

Specifically, insider S P. Iv Johnson sold 8,000 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $9.15, for a total transaction of $73,200.00. Following the transaction, the insider now directly owns 195,221 shares in the company, valued at approximately $1,786,272.15. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 24,000 shares of company stock worth $259,600. Insiders own 4.80% of the company’s stock.

Several research analysts have recently weighed in on CRZO shares. BidaskClub lowered shares of Xencor from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 11th. Cowen set a $27.00 price objective on shares of Schnitzer Steel Industries and gave the stock a “hold” rating in a report on Tuesday, April 9th. Raymond James reiterated a “reduce” rating and set a $48.00 price objective (up from $45.00) on shares of Hancock Whitney in a report on Wednesday. Jefferies Financial Group set a $189.00 price objective on shares of salesforce.com and gave the stock a “buy” rating in a report on Monday. Finally, Zacks Investment Research lowered shares of Hess Midstream Partners from a “hold” rating to a “sell” rating in a report on Tuesday, May 14th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $21.16.

The stock has a 50-day moving average of $10.02. The firm has a market capitalization of $989.80 million, a PE ratio of 3.73, a price-to-earnings-growth ratio of 0.14 and a beta of 2.14. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 1.55.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its earnings results on Tuesday, May 7th. The oil and gas producer reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.07. The firm had revenue of $233.04 million during the quarter, compared to the consensus estimate of $228.41 million. Carrizo Oil & Gas had a net margin of 49.20% and a return on equity of 32.14%. The company’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 EPS. Analysts forecast that Carrizo Oil & Gas Inc will post 2.8 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of CRZO. First Quadrant L P CA acquired a new stake in Carrizo Oil & Gas during the 1st quarter worth approximately $63,000. Advisor Group Inc. increased its position in Carrizo Oil & Gas by 276.2% during the 4th quarter. Advisor Group Inc. now owns 7,333 shares of the oil and gas producer’s stock worth $83,000 after purchasing an additional 5,384 shares in the last quarter. Cypress Capital Management LLC WY increased its position in Carrizo Oil & Gas by 37.3% during the 1st quarter. Cypress Capital Management LLC WY now owns 7,000 shares of the oil and gas producer’s stock worth $87,000 after purchasing an additional 1,900 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Carrizo Oil & Gas during the 4th quarter worth approximately $90,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Carrizo Oil & Gas during the 4th quarter worth approximately $107,000.

About Carrizo Oil & Gas (NASDAQ:CRZO)

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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