Carrizo Oil & Gas Inc (NASDAQ:CRZO) Director Steven A. Webster purchased 25,000 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was bought at an average cost of $6.41 per share, for a total transaction of $160,250.00. Following the completion of the acquisition, the director now directly owns 2,895,988 shares in the company, valued at approximately $18,563,283.08. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NASDAQ CRZO opened at $6.35 on Wednesday. The company has a market cap of $593.63 million, a PE ratio of 2.28, a price-to-earnings-growth ratio of 0.09 and a beta of 2.12. Carrizo Oil & Gas Inc has a 52 week low of $6.15 and a 52 week high of $17.99. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 1.32. The firm’s 50-day simple moving average is $7.34 and its two-hundred day simple moving average is $8.89.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its earnings results on Monday, November 4th. The oil and gas producer reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.03. The firm had revenue of $256.99 million during the quarter, compared to the consensus estimate of $261.67 million. Carrizo Oil & Gas had a net margin of 61.01% and a return on equity of 19.61%. As a group, equities research analysts anticipate that Carrizo Oil & Gas Inc will post 2.52 EPS for the current year.

Several hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA boosted its holdings in shares of Carrizo Oil & Gas by 23.0% in the second quarter. BNP Paribas Arbitrage SA now owns 103,406 shares of the oil and gas producer’s stock worth $1,036,000 after acquiring an additional 19,321 shares during the period. JPMorgan Chase & Co. grew its holdings in Carrizo Oil & Gas by 83.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 556,746 shares of the oil and gas producer’s stock valued at $5,550,000 after buying an additional 252,890 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Carrizo Oil & Gas during the 2nd quarter valued at about $442,000. FNY Investment Advisers LLC bought a new stake in shares of Carrizo Oil & Gas during the third quarter valued at about $724,000. Finally, Investment Counselors of Maryland LLC increased its position in shares of Carrizo Oil & Gas by 1.1% during the second quarter. Investment Counselors of Maryland LLC now owns 1,193,364 shares of the oil and gas producer’s stock valued at $11,958,000 after buying an additional 13,142 shares during the period.

Several equities analysts recently weighed in on the stock. Piper Jaffray Companies set a $15.00 price target on shares of Carrizo Oil & Gas and gave the company a “hold” rating in a research report on Friday, August 16th. BidaskClub lowered shares of Carrizo Oil & Gas from a “hold” rating to a “sell” rating in a research report on Thursday, November 21st. Zacks Investment Research cut shares of Carrizo Oil & Gas from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 15th. Northland Securities reissued a “hold” rating and set a $9.00 target price on shares of Carrizo Oil & Gas in a research report on Sunday, September 1st. Finally, Wells Fargo & Co decreased their price target on shares of Carrizo Oil & Gas from $11.00 to $9.00 and set a “market perform” rating for the company in a research note on Tuesday, October 15th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have issued a buy rating to the company. Carrizo Oil & Gas currently has an average rating of “Hold” and a consensus target price of $14.35.

Carrizo Oil & Gas Company Profile

Carrizo Oil & Gas, Inc, an energy company, explores for, develops, and produces 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 the Eagle Ford Shale in South Texas; and the Permian Basin in West Texas.

Featured Story: How to Invest in Marijuana Stocks

Insider Buying and Selling by Quarter for Carrizo Oil & Gas (NASDAQ:CRZO)

Receive News & Ratings for Carrizo Oil & Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carrizo Oil & Gas and related companies with MarketBeat.com's FREE daily email newsletter.