Carrizo Oil & Gas (CRZO) : Traders are bullish on Carrizo Oil & Gas (CRZO) as it has outperformed the S&P 500 by a wide margin of 6.77% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.15%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.12% in the last 1 week, and is up 7.18% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Carrizo Oil & Gas Inc. has dropped 1.35% during the last 3-month period . Year-to-Date the stock performance stands at 25.59%. The stock has recorded a 20-day Moving Average of 8.05% and the 50-Day Moving Average is 3.13%.
Carrizo Oil & Gas (NASDAQ:CRZO): The stock opened at $37.71 on Friday but the bulls could not build on the opening and the stock topped out at $38.35 for the day. The stock traded down to $36.71 during the day, due to lack of any buying support eventually closed down at $37.15 with a loss of -3.03% for the day. The stock had closed at $38.31 on the previous day. The total traded volume was 1,321,398 shares.
Also, Brokerage firm KLR Group upgrades its rating on Carrizo Oil & Gas (NASDAQ:CRZO). As per the latest information, the brokerage house raises the price target to $49 per share from a prior target of $41. The shares have been rated Buy. Previously, the analysts had a Accumulate rating on the shares. The rating by the firm was issued on July 18, 2016.
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.