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Carrizo Oil & Gas Inc (NASDAQ:CRZO) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.

Zacks Investment Research has downgraded Carrizo Oil & Gas Inc (NASDAQ:CRZO) to Hold in a statement released on 10/05/2016.

On 9/13/2016, Zacks Investment Research released a statement on Carrizo Oil & Gas Inc (NASDAQ:CRZO) bumped up the target price from $0.00 to $40.00 that suggested an upside of 0.15%.

Boasting a price of $41.53, Carrizo Oil & Gas Inc (NASDAQ:CRZO) traded -0.51% lower on the day. With the last close up 15.54% 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 Inc has recorded a 50-day average of $37.45 and a two hundred day average of $35.72. Volume of trade was down over the average, with 1,329,070 shares of CRZO changing hands under the typical 1,573,910

Performance Chart

Carrizo Oil & Gas Inc (NASDAQ:CRZO)

With a total market value of $0, Carrizo Oil & Gas Inc has with a one year low of $16.10 and a one year high of $42.87 .

A total of 28 analysts have released a research note on CRZO. zero analysts rating the company a strong buy, zero analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $42.46.

More About Carrizo Oil & Gas Inc (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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