Short Term Rating on Carrizo Oil & Gas (CRZO)

Carrizo Oil & Gas (CRZO) : 17 brokerage houses believe that Carrizo Oil & Gas (CRZO) is a Strong Buy at current levels. 2 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 Hold with a rank of 3.The median of all the 20 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.2.

Carrizo Oil & Gas (CRZO) : 21 Wall Street analysts covering Carrizo Oil & Gas (CRZO) believe that the average level the stock could reach for the short term is $43. The maximum price target given is $52 and the minimum target for short term is around $36, hence the standard deviation is calculated at $4.1.

For the current week, the company shares have a recommendation consensus of Buy.


Carrizo Oil & Gas (NASDAQ:CRZO): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $35.48 and $35.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $37.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $37.07, notching a gain of 7.29% for the day. The total traded volume was 1,554,569 . The stock had closed at $34.55 on the previous day.

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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