Carrizo Oil (CRZO) Catches Eye: Stock Jumps 8.5%
Carrizo Oil & Gas, Inc. CRZO was a big mover last session, as the company saw its shares rise more than 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $11.13 –$13.85 in the past one-month time frame, witnessed a sharp increase yesterday.
The upmove came after the company reported better-than-expected first-quarter 2019 results.
The company has seen nine positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Carrizo Oil. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Carrizo Oil currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.
Carrizo Oil & Gas, Inc. Price
Carrizo Oil & Gas, Inc. Price | Carrizo Oil & Gas, Inc. Quote
Investors interested in the Oil and Gas – Exploration and Production – United States industry may consider Anadarko Petroleum Corporation APC, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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