Carrizo Oil & Gas (NASDAQ:CRZO) has been downgraded from Outperform to Neutral in a statement by Credit Suisse earlier today.
- Updated: October 13, 2016
Having a price of $41.40, Carrizo Oil & Gas (NASDAQ:CRZO) traded -1.46% lower on the day. The last stock close price is up 13.41% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. CRZO has recorded a 50-day moving average of $37.95 and a 200-day moving average of $35.97. Trade Volume was down over the average, with 424,209 shares of CRZO changing hands under the typical 1,589,480
Credit Suisse has downgraded Carrizo Oil & Gas (NASDAQ:CRZO) from Outperform to Neutral in a statement released on 10/13/2016.
On 10/11/2016, Zacks Investment Research released a statement for Carrizo Oil & Gas (NASDAQ:CRZO) bumped up the target price from $0.00 to $48.00 that suggested an upside of 0.12%.
Recent Performance Chart
Carrizo Oil & Gas has with a one year low of $16.10 and a one year high of $43.56 and has a market capitalization of $0.
A total of 28 analysts have released a report on Carrizo Oil & Gas. zero analysts rating the company a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of $42.46.
General Information 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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