Stifel Nicolaus analyst Michael Scialla reiterated a Buy rating on Carrizo Oil & Gas (CRZO) on November 25 and set a price target of $34. The company’s shares opened today at $17.05.
According to TipRanks.com, Scialla has currently no stars on a ranking scale of 0-5 stars, with an average return of -12.4% and a 25.1% success rate. Scialla covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Abraxas Petroleum Corp, and Jagged Peak Energy Inc.
Currently, the analyst consensus on Carrizo Oil & Gas is a Strong Buy with an average price target of $32.50, implying a 90.6% upside from current levels. In a report issued on November 13, BMO Capital also reiterated a Buy rating on the stock with a $28 price target.
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The company has a one-year high of $31.57 and a one-year low of $13.49. Currently, Carrizo Oil & Gas has an average volume of 2.1M.
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Carrizo Oil & Gas, Inc. engages in the exploration, development, and production of natural gas and oil. Its operations include Delaware Basin and Eagle Ford Shale. The company was founded by Sylvester P. Johnson IV and Steven A. Webster in December 1993 and is headquartered in Houston, TX.
