A statement released earlier today by Imperial Capital about Carrizo Oil & Gas (NASDAQ:CRZO) bumps the target price to $50.00
- Updated: October 19, 2016
Imperial Capital bumped up the target of Carrizo Oil & Gas (NASDAQ:CRZO) to $50.00 stating a potential upside of 0.28%.
Boasting a price of $38.92, Carrizo Oil & Gas (NASDAQ:CRZO) traded -2.24% lower on the day. With the last stock price close up 7.29% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Carrizo Oil & Gas has recorded a 50-day average of $38.23 and a two hundred day average of $36.28. Volume of trade was up over the average, with 1,786,764 shares of CRZO changing hands over the typical 1,586,980
With a total market value of $0, Carrizo Oil & Gas has with a one year low of $16.10 and a one year high of $43.56 .
A total of 28 equity analysts have released a ratings update on CRZO. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $42.46.
Brief Synopsis About Carrizo Oil & Gas (NASDAQ:CRZO)
Carrizo Oil & Gas, Inc. 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 Delaware Basin in West Texas, the Utica Shale in Ohio, the Niobrara Formation in Colorado, and the Marcellus Shale in Pennsylvania. The Company has a total production of over 13.4 million barrels of oil equivalent (MMBoe) per year. The Company's proved reserves of over 170.6 MMBoe are over 64% crude oil, 12% natural gas liquids (NGLs) and 24% natural gas. It operates over 90% of the wells in Eagle Ford in which it holds an interest. It holds an average interest of over 88% in these operated wells. It owns leases covering approximately 291,610 gross (165,470 net) acres in the Eagle Ford, Niobrara, Utica and the Delaware Basin areas. It operates over 70 gross wells drilled in the Eagle Ford.
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