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Published: Thu, December 15, 2016
Economy | By Melissa Porter

Analysts Expecting Growth to Skyrocket for Carrizo Oil & Gas, Inc. (NASDAQ:CRZO)


They set a "strong-buy" rating and a $60.00 target price for the company. The $8.83 average target is 4.37% above today's ($8.46) stock price.

In order to arrive at a price target, analysts and investors alike use various metrics to determine where the stock might be headed.

12/07/2016 - Eland Oil & Gas had its "Speculative Buy" rating reiterated by analysts at Canaccord Genuity. It trades at an average volume of 7.15M shares versus 6.84M shares recorded at the end of last trading session. The firm shows the market capitalization of $25.28 Billion. In comparing the current price level of the equity to their moving averages, the shares are trading $0.97 off of the 50-day average of $22.06 and $-1.03 away from the 200-day moving average of $24.06. (NASDAQ:CRZO) topped its 52-week high price of $43.96 on Dec 1, 2016 and 52-Week Low Price of $16.1 on Jan 20, 2016. Several studies suggest that positive earnings surprises not only lead to an immediate hike in a stock's price, but also to a gradual increase over time. (NYSEMKT:NOG) to report earnings on March, 1. The firm earned $111.20 million during the quarter, compared to analysts' expectations of $127.99 million. Ten research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. BNP Paribas Arbitrage SA now owns 17,158 shares of the company's stock worth $615,000 after buying an additional 9,051 shares in the last quarter.

Recently stock market broker analysts have updated their ratings and price targets on shares of Eland Oil & Gas (LON:ELA).

More notable recent Northern Oil & Gas, Inc. "(CRZO) Rating Lowered to Neutral at Seaport Global Securities" was first published by Sports Perspectives and is the propert of of Sports Perspectives. If you are reading this story on another website, it was stolen and reposted in violation of United States and global copyright & trademark laws.

Cabot Oil & Gas Corporation (NYSE:COG) Independent Oil & Gas has a Current Ratio of 3.3 with a Quick Ratio value of 3.3.

In other Carrizo Oil & Gas news, COO John Bradley Fisher sold 27,831 shares of the firm's stock in a transaction that occurred on Monday, September 26th. The shares were sold at an average price of $35.05, for a total transaction of $975,476.55. The company gross profit margin is 72.40%. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider S P. Iv Johnson sold 6,000 shares of the firm's stock in a transaction dated Wednesday, October 5th. They now have a GBP 100.00p price target on the stock. The company has a market cap of $11.06B and now has 475.85M shares outstanding. The disclosure for this sale can be found here.

A number of brokerages have recently issued reports on COG.

According to Zacks Investment Research, "NORTHRN OIL & GAS, Inc.is an exploration and production company based in Wayzata, Minnesota". Financial Architects Inc now owns 3,100 shares of the company's stock valued at $111,000 after buying an additional 3,032 shares during the period.

Robeco Institutional Asset Management B.V. increased its position in shares of Cabot Oil & Gas Corp. Northern Oil & Gas has been the topic of 9 analyst reports since July 21, 2015 according to StockzIntelligence Inc. LLC boosted its stake in shares of Cabot Oil & Gas Corp.by 75.4% in the third quarter. Moving average indicators are popular tools for stock analysis.

Europa Oil & Gas (Holdings) plc is a United Kingdom-based exploration and production company. Carrizo Oil & Gas's quarterly revenue was up 4.7% on a year-over-year basis.

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