Carrizo Oil & Gas (NASDAQ:CRZO) : The consensus on Carrizo Oil & Gas (NASDAQ:CRZO) based on 20 analyst recommendation on the company stock is 1.2, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 17 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Carrizo Oil & Gas (NASDAQ:CRZO) : The highest short term price target forecast on Carrizo Oil & Gas (NASDAQ:CRZO) is $52 and the lowest target price is $36. A total of 21 equity analysts are currently covering the company. The average price of all the analysts is $42.86 with a standard deviation of $3.93.
For the current week, the company shares have a recommendation consensus of Buy. Also, Stifel Nicolaus initiates coverage on Carrizo Oil & Gas (NASDAQ:CRZO). The shares have now been rated Buy by the stock experts at the ratings house. Stifel Nicolaus announces the current price target of $48 per share on Carrizo Oil & Gas . The rating by the firm was issued on June 17, 2016.
Carrizo Oil & Gas (NASDAQ:CRZO): stock turned positive on Tuesday. Though the stock opened at $34.7, the bulls momentum made the stock top out at $35.66 level for the day. The stock recorded a low of $34.7 and closed the trading day at $35.22, in the green by 5.01%. The total traded volume for the day was 1,559,235. The stock had closed at $33.54 in the previous days trading.
In an insider trading activity,The director of Carrizo Oil & Gas Inc, Ramsey Roger A sold 2,000 shares at $35.8 on May 5, 2016. The Insider selling transaction had a total value worth of $71,600. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.