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Analyst Rating Flashback: Carrizo Oil & Gas Up 1.0% Since Downgraded 7 Days Ago (CRZO)

Published on Fri, 01/25/2013 - 10:11
By Adrienne Chilton

Credit Suisse downgraded Carrizo Oil & Gas (NASDAQ:CRZO) from Neutral to Underperform a week ago. Carrizo Oil & Gas stocks closed at $21.87, a 1.0% gain over the course of one week.

Carrizo Oil & Gas, Inc. explores for and produces natural gas and crude oil. The Company develops and exploits onshore properties along the Texas and Louisiana Gulf Coast regions.

Carrizo Oil & Gas has overhead space with shares priced $22.23, or 24.3% below the average consensus analyst price target of $29.36. The stock should hit resistance at its 200-day moving average (MA) of $24.01, as well as support at its 50-day MA of $21.00.

Over the past year, Carrizo Oil & Gas has traded in a range of $19.03 to $31.62 and is now at $22.23, 17% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has remained constant.

By Adrienne Chilton