Carrizo Oil & Gas (NASDAQ:CRZO) stock has received a short term price target of $ 42.6 from 20 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $3.84. The higher estimate of target price is $52 , while the lower price target estimate is $36
Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Seaport Global upgrades its rating on Carrizo Oil & Gas (NASDAQ:CRZO). The rating major has initiated the coverage with accumulate rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on June 7, 2016. For the current week, the company shares have a recommendation consensus of Buy.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Ramsey Roger A, director of Carrizo Oil & Gas Inc, had unloaded 2,000 shares at an average price of $35.8 in a transaction dated on May 5, 2016. The total value of the transaction was worth $71,600.
Carrizo Oil & Gas (NASDAQ:CRZO) : On Monday heightened volatility was witnessed in Carrizo Oil & Gas (NASDAQ:CRZO) which led to swings in the share price. The stock opened for trading at $37.15 and hit $38.86 on the upside , eventually ending the session at $38.32, with a gain of 1.54% or 0.58 points. The heightened volatility saw the trading volume jump to 1,049,736 shares. The 52-week high of the share price is $53.89 and the company has a market cap of $2,252 million. The 52-week low of the share price is at $16.1022 .
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.