Carrizo Oil & Gas Inc. (NASDAQ:CRZO) shares were down 2.6% during mid-day trading on Wednesday following insider selling activity. The company traded as low as $41.00 and last traded at $41.35, with a volume of 923,046 shares trading hands. The stock had previously closed at $42.47.

Specifically, COO John Bradley Fisher sold 7,500 shares of the business’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $43.00, for a total value of $322,500.00. Following the completion of the sale, the chief operating officer now directly owns 144,072 shares of the company’s stock, valued at approximately $6,195,096. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Roger A. Ramsey sold 1,000 shares of the business’s stock in a transaction dated Wednesday, October 5th. The shares were sold at an average price of $41.35, for a total transaction of $41,350.00. Following the completion of the sale, the director now directly owns 32,450 shares of the company’s stock, valued at $1,341,807.50. The disclosure for this sale can be found here. Corporate insiders own 6.30% of the company’s stock.

CRZO has been the subject of several research reports. Stifel Nicolaus initiated coverage on shares of Carrizo Oil & Gas in a research report on Thursday, June 16th. They issued a “buy” rating and a $48.00 price objective for the company. FBR & Co reissued an “outperform” rating and issued a $49.00 price objective (up from $46.00) on shares of Carrizo Oil & Gas in a research report on Wednesday, July 6th. Zacks Investment Research raised shares of Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Wednesday, July 6th. Cantor Fitzgerald reissued a “buy” rating on shares of Carrizo Oil & Gas in a research report on Sunday, July 10th. Finally, KLR Group raised shares of Carrizo Oil & Gas from an “accumulate” rating to a “buy” rating and boosted their price objective for the company from $41.00 to $49.00 in a research report on Monday, July 18th. Four analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $40.09.

The company’s 50 day moving average is $37.95 and its 200-day moving average is $35.97. The firm’s market cap is $2.44 billion.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.16. Carrizo Oil & Gas had a negative net margin of 421.40% and a positive return on equity of 19.03%. The business earned $107.30 million during the quarter, compared to analyst estimates of $119.67 million. During the same quarter last year, the firm posted $0.39 earnings per share. The business’s revenue for the quarter was down 13.1% compared to the same quarter last year. On average, analysts predict that Carrizo Oil & Gas Inc. will post $1.06 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Financial Architects Inc increased its position in shares of Carrizo Oil & Gas by 4,458.8% in the second quarter. Financial Architects Inc now owns 3,100 shares of the company’s stock worth $111,000 after buying an additional 3,032 shares in the last quarter. Huntington Asset Advisors Inc. purchased a new position in shares of Carrizo Oil & Gas during the first quarter worth about $117,000. Blair William & Co. IL purchased a new position in shares of Carrizo Oil & Gas during the second quarter worth about $209,000. Panagora Asset Management Inc. increased its position in shares of Carrizo Oil & Gas by 77.2% in the second quarter. Panagora Asset Management Inc. now owns 6,127 shares of the company’s stock worth $220,000 after buying an additional 2,670 shares in the last quarter. Finally, Amalgamated Bank purchased a new position in shares of Carrizo Oil & Gas during the second quarter worth about $233,000.

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.

5 Day Chart for NASDAQ:CRZO

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