Carrizo Oil & Gas Inc (NASDAQ:CRZO) insider S P. Iv Johnson sold 8,000 shares of the business’s stock in a transaction 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 sale, the insider now directly 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 can be accessed through the SEC website.
CRZO traded down $0.26 on Friday, hitting $19.03. 4,525,827 shares of the company’s stock were exchanged, compared to its average volume of 2,398,297. Carrizo Oil & Gas Inc has a twelve month low of $13.49 and a twelve month high of $31.57. The company has a quick ratio of 0.26, a current ratio of 0.27 and a debt-to-equity ratio of 1.84. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 13.31 and a beta of 2.28.
Carrizo Oil & Gas (NASDAQ:CRZO) last posted its earnings results on Monday, November 5th. The oil and gas producer reported $0.94 EPS for the quarter, topping the consensus estimate of $0.79 by $0.15. Carrizo Oil & Gas had a net margin of 12.23% and a return on equity of 56.06%. The firm had revenue of $303.40 million during the quarter, compared to analysts’ expectations of $265.34 million. During the same quarter in the prior year, the firm earned $0.33 EPS. Carrizo Oil & Gas’s quarterly revenue was up 67.3% on a year-over-year basis. Research analysts anticipate that Carrizo Oil & Gas Inc will post 3.07 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its holdings in shares of Carrizo Oil & Gas by 91.0% in the second quarter. PNC Financial Services Group Inc. now owns 5,625 shares of the oil and gas producer’s stock valued at $156,000 after acquiring an additional 2,680 shares in the last quarter. Creative Planning bought a new position in shares of Carrizo Oil & Gas in the second quarter valued at approximately $222,000. Berkshire Asset Management LLC PA bought a new position in shares of Carrizo Oil & Gas in the second quarter valued at approximately $252,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Carrizo Oil & Gas by 144.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,128 shares of the oil and gas producer’s stock valued at $230,000 after acquiring an additional 5,397 shares in the last quarter. Finally, CIBC Asset Management Inc bought a new position in shares of Carrizo Oil & Gas in the second quarter valued at approximately $278,000.
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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.
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