Carrizo Oil & Gas (CRZO) : Zacks Investment Research ranks Carrizo Oil & Gas (CRZO) as 2, which is a Buy recommendation. 17 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 20 research analysts is 1.2, which indicates as a Strong Buy.
Carrizo Oil & Gas (CRZO) : 21 Wall Street analysts covering Carrizo Oil & Gas (CRZO) believe that the average level the stock could reach for the short term is $42.86. The maximum price target given is $52 and the minimum target for short term is around $36, hence the standard deviation is calculated at $3.93.
Carrizo Oil & Gas (NASDAQ:CRZO): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $35.25 and $34.79 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.84, notching a gain of 1.47% for the day. The total traded volume was 1,189,668 . The stock had closed at $35.32 on the previous day.
Also, Stifel Nicolaus initiates coverage on Carrizo Oil & Gas (NASDAQ:CRZO) The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency announces the price target to $48 per share. The rating by the firm was issued on June 17, 2016. The company shares have dropped -18.60% from its 1 Year high price. On Jul 10, 2015, the shares registered one year high at $44.92 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $38.15 and the 200 Day Moving Average price is recorded at $30.66.
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.