Published On: Wed, Oct 19th, 2016

Imperial Capital Indicates Potential 24.32% Increase In Shares Of Carrizo Oil & Gas, Inc.

On Wednesday Imperial Capital reiterated its broker consensus on shares of Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) giving the company a ‘Outperform’ rating.

Imperial Capital gave shares of Carrizo Oil & Gas, Inc. a price target of 50 indicating a potential increase of 24.32% from Carrizo Oil & Gas, Inc.’s current price of 40.22.


In the prior 12 months Carrizo Oil & Gas, Inc.’s stock price has increased by 3.85% from 38.73 to 40.22.

Carrizo Oil & Gas, Inc. has 58,974,000 shares in issue which have a share price of 40.22 giving Carrizo Oil & Gas, Inc. a market capitalisation of 2.37B USD .

The 52 week high of Carrizo Oil & Gas, Inc.’s shares is 43.56 whilst the 52 week low for the company’s shares is 16.1. The 50 day moving average of NASDAQ:CRZO is 38.23 and the 200 day moving average is 36.28.

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.