Large Outflow of Money Witnessed in Carrizo Oil & Gas

Carrizo Oil & Gas (CRZO) : The total negative money flow of $1.17 million on Wednesday indicates selling on strength. The inflow of money on upticks was $6.65 million, compared to $7.82 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.85. The negative money flow of $0 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $0 million. The price action in the Carrizo Oil & Gas (CRZO) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $35.47 with a gain of $1.25 , a change of 3.64% over the previous days close. The stock registered 3.7% for the week.


Shares of Carrizo Oil & Gas Inc. appreciated by 7.47% during the last five trading days but lost 3.3% on a 4-week basis. Carrizo Oil & Gas Inc. is up 2.85% in the last 3-month period. Year-to-Date the stock performance stands at 26.98%.

Carrizo Oil & Gas (CRZO) : 14 brokerage houses believe that Carrizo Oil & Gas (CRZO) is a Strong Buy at current levels. 3 Analyst considers the fundamentals to be worthy of a Buy recommendation. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Carrizo Oil & Gas (CRZO). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 18 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.28.

Carrizo Oil & Gas (NASDAQ:CRZO): The stock opened at $34.57 and touched an intraday high of $37.95 on Wednesday. During the day, the stock corrected to an intraday low of $34.33, however, the bulls stepped in and pushed the price higher to close in the green at $37.56 with a gain of 9.76% for the day. The total traded volume for the day was 2,848,417. The stock had closed at $34.22 in the previous trading session.

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.

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