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Carrizo Oil & Gas Inc (NASDAQ:CRZO) has been downgraded to Sell in a statement by Seaport Global Securities earlier today.

Displaying a price of $17.88, Carrizo Oil & Gas Inc (NASDAQ:CRZO) traded -2.27% lower on the day. The last closing price is down -33.98% from the 200-day average, compared with the Standard & Poor's 500 Index which has increased 0.04% over the same period. CRZO has recorded a 50-day moving average of $13.58 and a 200-day moving average of $20.87. 6,083,577 shares of CRZO traded hands, up from an average trading volume of 4,099,300

Seaport Global Securities has downgraded Carrizo Oil & Gas Inc (NASDAQ:CRZO) to Sell in a statement released on 6/21/2017.

Recent Performance Chart

Carrizo Oil & Gas Inc (NASDAQ:CRZO)

Carrizo Oil & Gas Inc has 52 week low of $11.10 and a 52 week high of $43.96 and has a market capitalization of $0.

In addition to Seaport Global Securities reporting its target price, a total of 28 equity analysts have released a ratings update on CRZO. The one year target is $42.46 with 0 brokers rating the stock a strong buy, 0 analysts rating the company a buy, zero analysts rating the company a hold, zero brokerages rating the company a underperform, and lastly zero equity analysts rating the company a sell.

Brief Synopsis 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. As of December 31, 2016, the Company's proved reserves of 200 million barrels of oil equivalent (MMBoe) were 64% crude oil, 12% natural gas liquids (NGLs) and 24% natural gas. As of December 31, 2016, it operated approximately 94% of the wells in Eagle Ford in which it held an interest. As of December 31, 2016, it held an average interest of approximately 85% in these operated wells. As of December 31, 2016, it owned leases covering approximately 309,200 gross (179,179 net) acres in the Eagle Ford, Niobrara, Utica and the Delaware Basin areas.

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