Carrizo Oil & Gas (CRZO): Strong Industry, Solid Earnings Estimate Revisions
One stock that might be an intriguing choice for investors right now is Carrizo Oil & Gas, Inc. CRZO. This is because this security in the Oil and Gas - Exploration and Production - United States space is seeing solid earnings estimate revision activity and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Oil and Gas - Exploration and Production - United States space as it currently has a Zacks Industry Rank of 36 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Carrizo Oil & Gas is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
Carrizo Oil & Gas, Inc. Price and Consensus
Carrizo Oil & Gas, Inc. Price and Consensus | Carrizo Oil & Gas, Inc. Quote
In fact, over the past month, current quarter estimates have risen from 59 cents per share to 63 cents per share, while current year estimates have risen from $2.68 per share to $2.83 per share. The company currently carries a Zacks Rank #3 (Hold), which is also a favorable signal. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
So, if you are looking for a decent pick in a strong industry, consider Carrizo Oil & Gas. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
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