Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) Director Steven A. Webster bought 25,000 shares of Carrizo Oil & Gas stock in a transaction that occurred on Monday, August 28th. The stock was purchased at an average cost of $12.67 per share, for a total transaction of $316,750.00. Following the purchase, the director now owns 2,826,310 shares of the company’s stock, valued at $35,809,347.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Carrizo Oil & Gas, Inc. (CRZO) opened at 13.44 on Friday. The stock’s market capitalization is $1.09 billion. The stock’s 50 day moving average is $14.50 and its 200-day moving average is $22.34. Carrizo Oil & Gas, Inc. has a 12-month low of $12.73 and a 12-month high of $43.96.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.05. The business had revenue of $166.50 million for the quarter, compared to the consensus estimate of $163.22 million. Carrizo Oil & Gas had a negative net margin of 0.98% and a positive return on equity of 1,494.45%. The company’s revenue for the quarter was up 55.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 EPS. On average, analysts expect that Carrizo Oil & Gas, Inc. will post $1.05 earnings per share for the current year.

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CRZO has been the topic of a number of recent research reports. Williams Capital reaffirmed a “buy” rating and set a $42.00 price objective on shares of Carrizo Oil & Gas in a research note on Tuesday, May 9th. Royal Bank Of Canada set a $40.00 price objective on Carrizo Oil & Gas and gave the company a “buy” rating in a research note on Thursday, May 11th. Jefferies Group LLC set a $36.00 price objective on Carrizo Oil & Gas and gave the company a “buy” rating in a research note on Wednesday, May 17th. Robert W. Baird reduced their price objective on Carrizo Oil & Gas from $50.00 to $36.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 24th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $38.00 price objective on shares of Carrizo Oil & Gas in a research note on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $39.35.

A number of institutional investors have recently modified their holdings of CRZO. Point72 Asia Hong Kong Ltd increased its position in shares of Carrizo Oil & Gas by 1,014.9% in the first quarter. Point72 Asia Hong Kong Ltd now owns 3,523 shares of the oil and gas producer’s stock worth $101,000 after buying an additional 3,207 shares in the last quarter. Glen Harbor Capital Management LLC increased its position in shares of Carrizo Oil & Gas by 33.7% in the first quarter. Glen Harbor Capital Management LLC now owns 3,892 shares of the oil and gas producer’s stock worth $112,000 after buying an additional 980 shares in the last quarter. Elkfork Partners LLC increased its position in shares of Carrizo Oil & Gas by 33.7% in the first quarter. Elkfork Partners LLC now owns 4,726 shares of the oil and gas producer’s stock worth $135,000 after buying an additional 1,190 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of Carrizo Oil & Gas during the first quarter worth approximately $150,000. Finally, State of Alaska Department of Revenue increased its position in shares of Carrizo Oil & Gas by 1.8% in the first quarter. State of Alaska Department of Revenue now owns 6,760 shares of the oil and gas producer’s stock worth $193,000 after buying an additional 120 shares in the last quarter. Institutional investors and hedge funds own 99.96% of the company’s stock.

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.

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

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