Credit Suisse Group AG downgraded Carrizo Oil & Gas Inc (NASDAQ:CRZO) to Neutral in a report released today.
- Updated: October 15, 2016
Just yesterday Carrizo Oil & Gas Inc (NASDAQ:CRZO) traded -1.34% lower at $41.40. CRZO’s 50-day average is $38.18 and its two hundred day average is $36.07. With the last close up 10.58% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 848,163 shares of the stock traded hands, down from an avg. volume of 1,586,550
Credit Suisse Group AG has downgraded Carrizo Oil & Gas Inc (NASDAQ:CRZO) to Neutral in a report released on 10/13/2016.
On Tuesday October 11, 2016, Zacks Investment Research released a statement on Carrizo Oil & Gas Inc (NASDAQ:CRZO) increased the target price from $0.00 to $48.00 that suggested an upside of 0.12%.
Recent Performance Chart
Carrizo Oil & Gas Inc 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 CRZO. zero equity analysts rating the stock a strong buy, 0 firms rating the stock a buy, 0 brokers rating the stock a hold, zero analysts rating the company a underperform, and finally zero brokerages rating the company a sell with a one year target of $42.46.
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. 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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