Carrizo Oil & Gas (NASDAQ:CRZO) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.2 by 20 Brokerage Firm. 17 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 1 Brokerage Firms have advised hold.
Other Equity analysts have also commented 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.
Carrizo Oil & Gas (NASDAQ:CRZO): The mean short term price target for Carrizo Oil & Gas (NASDAQ:CRZO) has been established at $42.86 per share. The higher price target estimate is at $52 and the lower price target estimate is expected at $36 according to 21 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $3.93
Carrizo Oil & Gas (NASDAQ:CRZO) rose 1.74% or 0.7 points on Tuesday and made its way into the gainers of the day. After trading began at $40.01 the stock was seen hitting $41.2 as a peak level and $39.46 as the lowest level. The stock ended up at $40.94. The daily volume was measured at 939,535 shares. The 52-week high of the share price is $53.58 and the 52-week low is $16.1022. The company has a market cap of $2,406 million.
Shares of Carrizo Oil & Gas Inc. rose by 4.81% in the last five trading days and 8.71% for the last 4 weeks. Carrizo Oil & Gas Inc. is up 31.22% in the last 3-month period. Year-to-Date the stock performance stands at 38.4%.
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.