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Carrizo Oil & Gas Inc (NASDAQ:CRZO) target price raised to $48.00, issued a report today by Zacks Investment Research

Carrizo Oil & Gas Inc (NASDAQ:CRZO) had its price target upped to $48.00 by Zacks Investment Research in a report released 10/11/2016. The new stock price target implies a possible upside of 0.12% based on the company's most recent close.

On 10/06/2016, Mizuho Securities released a statement for Carrizo Oil & Gas Inc (NASDAQ:CRZO) bumped up the target price from $0.00 to $42.00 that suggested an upside of 0.01%.

Boasting a price of $42.86, Carrizo Oil & Gas Inc (NASDAQ:CRZO) traded -0.91% lower on the day. With the last stock price close up 18.19% 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 $37.80 and a two hundred day average of $35.93. Volume of trade was down over the average, with 1,521,181 shares of CRZO changing hands under the typical 1,588,590

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 $43.56 .

A total of 28 equity analysts have released a ratings update on CRZO. 0 firms rating the company a strong buy, zero brokerages rating the stock a buy, 0 brokerages rating the company a hold, zero brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of $42.46.

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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