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 0.78% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.64%, 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 5.69% in the last 1 week, and is up 1.82% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 6.73% and the 50-Day Moving Average is 0.45%. Carrizo Oil & Gas (NASDAQ:CRZO): stock turned positive on Friday. Though the stock opened at $36.67, the bulls momentum made the stock top out at $37.06 level for the day. The stock recorded a low of $36.03 and closed the trading day at $36.38, in the green by 0.25%. The total traded volume for the day was 1,132,849. The stock had closed at $36.29 in the previous days trading.
The company Insiders own 6.3% of Carrizo Oil & Gas shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -2.99% . During last six month period, the net percent change held by insiders has seen a change of -2.46%. Also, KLR Group upgrades their rating on the shares of Carrizo Oil & Gas (NASDAQ:CRZO). The current rating of the shares is Buy. Earlier, the shares were rated a Accumulate by the brokerage firm. Equity Analysts at the Firm raises the price target to $49 per share from $41 per share. 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.