Shares of Carrizo Oil & Gas (CRZO) Sees Large Inflow of Net Money Flow

Carrizo Oil & Gas (CRZO) : The money flow analysis of Carrizo Oil & Gas (CRZO) indicates a $3.84 million of outflow was on downticks, whereas, the investors on Friday gobbled up stocks worth $4.83 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.26 and so was the total money flow at $0.99 million. The bulls lapped up $0 million worth of block trades on upticks. The money flow was $0 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Carrizo Oil & Gas (CRZO), pushing it down by -1.95% for the day. The stock slid $0.69 and traded at $34.72 during the day. Nonetheless, the stock is -2.83% over the previous weeks close.


Carrizo Oil & Gas (CRZO) : The highest short term price target forecast on Carrizo Oil & Gas (CRZO) is $55 and the lowest target price is $39. A total of 21 equity analysts are currently covering the company. The average price of all the analysts is $43.67 with a standard deviation of $4.22.

Carrizo Oil & Gas (NASDAQ:CRZO): On Fridays trading session , Opening price of the stock was $35.62 with an intraday high of $35.755. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $34.34. However, the stock managed to close at $34.66, a loss of 2.12% for the day. On the previous day, the stock had closed at $35.41. The total traded volume of the day was 1,002,269 shares.

In a related news, The Securities and Exchange Commission has divulged that Ramsey Roger A, director of Carrizo Oil & Gas Inc, had unloaded 1,000 shares at an average price of $35.54 in a transaction dated on July 5, 2016. The total value of the transaction was worth $35,540.

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.

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