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Carrizo Oil & Gas (NASDAQ:CRZO) has been downgraded from Buy to Neutral in a statement by Goldman Sachs earlier today.

Goldman Sachs has downgraded Carrizo Oil & Gas (NASDAQ:CRZO) from Buy to Neutral in a statement released on 10/18/2016.

Showing a price of $39.81, Carrizo Oil & Gas (NASDAQ:CRZO) traded -0.20% lower on the day. The last stock close price is up 9.93% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. CRZO has recorded a 50-day average of $38.23 and a two hundred day average of $36.22. Volume of trade was down over the average, with 952,559 shares of CRZO changing hands under the typical 1,583,750

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Carrizo Oil & Gas (NASDAQ:CRZO)

Carrizo Oil & Gas has one year low of $16.10 and a one year high of $43.56 and has a market cap of $0.

In addition to Goldman Sachs reporting its stock price target, a total of 28 brokers have issued a report on the stock. The consensus target price is $42.46 with zero equity analysts rating the company a strong buy, zero analysts rating the company a buy, zero analysts rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On 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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