Notable Insider Trading: Carrizo Oil & Gas, Inc. $CRZO

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Carrizo Oil & Gas, Inc. (CRZO) insider have most recently took part in a trading activity. On Aug 29, 2017 Webster Steven A, Director bought 75,000 shares having total worth of $909,750 at the price of $12.13 per share, following the transaction a total of 2,876,310 shares owned by Webster Steven A. Before this latest buy, Webster Steven A purchased CRZO at 4 other times during the past twelve months, for a total investment of $47.96M at an average of $25.85 per share.

The stock has experienced a total of 1 insider trades in the past three months. These trades include 1 buy trades. Furthermore, over the past 12 months , the stock was traded 34 times by insiders. In 30 of these trades, the insider was a seller while an employee of the company was the buyer in 4 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 1 0 -50.81%
12 Month 4 30 -60.42%

Shares of Carrizo Oil & Gas, Inc. (CRZO) traded down 0.16% on Aug 29, 2017, hitting $12.46. 3,774,267 shares of the company’s stock traded hands. Carrizo Oil & Gas, Inc. has a 52 week low of $12.46 and a 52 week high of $42.86. The company’s market cap is $2,020 million.

Carrizo Oil & Gas, Inc. (CRZO) last announced its earnings results on Aug 8, 2017. The company reported 0.30 earnings per share (EPS) for the quarter, higher than the consensus estimate of 0.24 by $0.06. The company had revenue of $166 million for the quarter, compared to the consensus estimate of $166 million. During the same quarter in the previous year, the company posted 0.29 earnings per share. The company’s revenue for the quarter was up 55% on a year-over-year basis.

2017-08-08 2017-05-09 2017-02-23 2016-11-03 2016-08-04 2016-05-04 2016-02-22 2015-11-04 2015-08-06 2015-05-06
earnings per share 0.30 0.18 0.44 0.23 0.29 0.16 0.32 0.20 0.39 0.14
Revenue(M) 166.48 151.36 143.83 111.18 107.32 132.43 151.81 153.95 168.62 149.11

Carrizo Oil & Gas, Inc. has been the subject of a number of recent research reports. Analysts at JP Morgan Downgrades shares of Carrizo Oil & Gas, Inc. from a Overweight rating to an Neutral rating in a research note. They now have a $21.00 price target on the stock.

Carrizo Oil & Gas, Inc., is a Houston-based independent energy company. The Company together with its subsidiaries is engaged in the exploration, development and production of oil and gas in the United States and United Kingdom. It’s primarily explores in the Eagle Ford Shale in South Texas, the Niobrara Formation in Colorado, the Barnett Shale in North Texas, the Marcellus Shale in Pennsylvania, New York and West Virginia, the Utica Shale in Ohio and Pennsylvania, and the U.K. North Sea in its Huntington Field development project. It pursue a technology-driven exploration drilling program. It generates exploration prospects through geological and geophysical analysis of 3-D seismic and other data. It continues its primary exploration effort and capital program on resource plays, where individual wells tend to have lower risk and moderate potential, such as its development drilling in the Eagle Ford and Marcellus Shales. The Company’s customers are Flint Hills Resources, LP and Enterprise Products Operating, L.L.C. which accounted approximately 53% and 10%, respectively, of the company’s oil and gas revenues. The Company’s competitors include major integrated oil and gas companies and numerous independent oil and gas companies, individuals and drilling and income programs. Its operations are subject to various types of regulation at the federal, state and local levels that: require permits for the drilling of wells; mandate that it maintain bonding requirements in order to drill or operate wells; and regulate the location of wells, the method of drilling and casing wells, the surface use and restoration of properties upon which wells are drilled, the plugging and abandoning of wells and the disposal of fluids used in connection with operations.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

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About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.