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

Carrizo Oil & Gas, Inc. (CRZO) traded up 2.49% during trading on Wednesday, reaching $12.77. 3,691,536 shares of the company’s stock traded hands. Carrizo Oil & Gas, Inc. has a 1-year low of $12.12 and a 1-year high of $43.96. The firm has a 50 day moving average of $14.83 and a 200 day moving average of $22.92. The firm’s market capitalization is $1.04 billion.

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

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Institutional investors have recently modified their holdings of the company. Creative Planning boosted its position in shares of Carrizo Oil & Gas by 10.3% in the first quarter. Creative Planning now owns 7,955 shares of the oil and gas producer’s stock worth $228,000 after buying an additional 745 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Carrizo Oil & Gas by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 24,900 shares of the oil and gas producer’s stock worth $714,000 after buying an additional 300 shares during the period. State of Alaska Department of Revenue boosted 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 during the period. Glen Harbor Capital Management LLC boosted 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 during the period. Finally, Strs Ohio boosted its position in shares of Carrizo Oil & Gas by 20.0% in the first quarter. Strs Ohio now owns 125,000 shares of the oil and gas producer’s stock worth $3,582,000 after buying an additional 20,800 shares during the period. Hedge funds and other institutional investors own 99.96% of the company’s stock.

Several analysts have recently issued reports on CRZO shares. Robert W. Baird dropped their target price on shares of Carrizo Oil & Gas from $50.00 to $36.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 24th. BidaskClub upgraded shares of Carrizo Oil & Gas from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. Royal Bank Of Canada set a $40.00 price target on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a research report on Thursday, May 11th. BMO Capital Markets set a $20.00 price target on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a research report on Saturday, August 12th. Finally, Williams Capital set a $35.00 price target on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $39.35.

About Carrizo Oil & Gas

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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