Carrizo Oil & Gas (NASDAQ:CRZO) has climbed 5.11% in the past week and advanced 5.34% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 6.38% and the outperformance has advanced to 4.38% for the last 4 weeks period.
Carrizo Oil & Gas (NASDAQ:CRZO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $37.35 and $37.35 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $40.35. The buying momentum continued till the end and the stock did not give up its gains. It closed at $39.67, notching a gain of 7.59% for the day. The total traded volume was 2,220,288 . The stock had closed at $36.87 on the previous day.
The company shares have dropped -24.05% from its 1 Year high price. On Jun 24, 2015, the shares registered one year high at $53.58 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $36.86 and the 200 Day Moving Average price is recorded at $30.44.
On the companys insider trading activities, Ramsey Roger A, director of Carrizo Oil & Gas Inc, unloaded 2,000 shares at an average price of $35.8 on May 5, 2016. The total amount of the transaction was worth $71,600, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Stifel Nicolaus initiates coverage on Carrizo Oil & Gas (NASDAQ:CRZO). In the latest research report, Stifel Nicolaus announces the target price to $48 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on June 17, 2016. Currently the company Insiders own 6.3% of Carrizo Oil & Gas shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -0.37% . Institutional Investors own 93.35% of Carrizo Oil & Gas shares. During last six month period, the net percent change held by insiders has seen a change of -0.62%.
Carrizo Oil & Gas, Inc. (Carrizo) 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 Utica Shale in Ohio, the Niobrara Formation in Colorado and the Marcellus Shale in Pennsylvania. The Companys core Eagle Ford properties are located in LaSalle County in McMullen, Frio and Atascosa counties in Texas. It has joint venture arrangements with GAIL GLOBAL (USA) INC. (GAIL), which is a wholly owned subsidiary of GAIL (India) Limited. The Company serves as an operator of the properties covered by its Niobrara joint venture arrangements. The Companys activities in the Marcellus are conducted through two joint ventures.