Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) Director Steven A. Webster bought 75,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were acquired at an average cost of $12.13 per share, for a total transaction of $909,750.00. Following the completion of the acquisition, the director now directly owns 2,826,310 shares in the company, valued at approximately $34,283,140.30. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Carrizo Oil & Gas, Inc. (CRZO) opened at 13.68 on Friday. Carrizo Oil & Gas, Inc. has a 52-week low of $12.73 and a 52-week high of $43.96. The stock’s 50 day moving average price is $14.42 and its 200-day moving average price is $22.19. The company’s market capitalization is $1.11 billion.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.05. The company had revenue of $166.50 million during the quarter, compared to analyst estimates of $163.22 million. Carrizo Oil & Gas had a positive return on equity of 1,494.45% and a negative net margin of 0.98%. The firm’s quarterly revenue was up 55.2% on a year-over-year basis. During the same quarter last year, the company earned $0.29 earnings per share. On average, equities analysts expect that Carrizo Oil & Gas, Inc. will post $1.05 earnings per share for the current year.

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Several analysts recently issued reports on CRZO shares. Mizuho restated a “buy” rating and issued a $32.00 price target on shares of Carrizo Oil & Gas in a research note on Friday, June 30th. BMO Capital Markets set a $20.00 price target on Carrizo Oil & Gas and gave the company a “buy” rating in a research note on Monday, June 26th. Seaport Global Securities downgraded Carrizo Oil & Gas from a “buy” rating to a “sell” rating in a research note on Wednesday, June 21st. Jefferies Group LLC restated a “buy” rating and issued a $25.00 price target (down from $64.00) on shares of Carrizo Oil & Gas in a research note on Tuesday. Finally, J P Morgan Chase & Co downgraded Carrizo Oil & Gas from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $30.00 to $21.00 in a research note on Thursday, July 20th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $39.35.

Large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Carrizo Oil & Gas by 11.4% in the second quarter. BlackRock Inc. now owns 9,534,149 shares of the oil and gas producer’s stock valued at $166,088,000 after buying an additional 978,942 shares in the last quarter. Vanguard Group Inc. raised its stake in Carrizo Oil & Gas by 6.7% in the second quarter. Vanguard Group Inc. now owns 6,427,895 shares of the oil and gas producer’s stock valued at $111,975,000 after buying an additional 405,188 shares in the last quarter. Frontier Capital Management Co. LLC raised its stake in Carrizo Oil & Gas by 17.0% in the second quarter. Frontier Capital Management Co. LLC now owns 4,905,089 shares of the oil and gas producer’s stock valued at $85,447,000 after buying an additional 714,257 shares in the last quarter. State Street Corp raised its stake in Carrizo Oil & Gas by 28.7% in the second quarter. State Street Corp now owns 3,815,021 shares of the oil and gas producer’s stock valued at $66,454,000 after buying an additional 850,815 shares in the last quarter. Finally, Lord Abbett & CO. LLC raised its stake in Carrizo Oil & Gas by 89.5% in the second quarter. Lord Abbett & CO. LLC now owns 2,659,107 shares of the oil and gas producer’s stock valued at $46,322,000 after buying an additional 1,256,160 shares in the last quarter. 99.96% of the stock is owned by institutional investors.

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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