| Carrizo Oil & Gas (CRZO): Moving Average Crossover Alert - Tale of the Tape | |
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Carrizo Oil & Gas, Inc. (CRZO) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for CRZO broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness.
This has already started to take place, as the stock has moved lower by 14.3% in the past four weeks. And with the recent moving average crossover, investors have to think that more unfavorable trading is ahead for CRZO stock.
If that wasn’t enough, Carrizo Oil & Gas isn’t looking too great from an earnings estimate revision perspective either. It appears as though many analysts have been reducing their earnings expectations for the stock lately, which is usually not a good sign of things to come.
Consider that in the last 30 days, 1 estimate has been reduced, while none have moved higher. Add this in to a similar move lower in the consensus estimate, and there is plenty of reason to be bearish here.
That is why we currently have a Zacks Rank #4 (Sell) on this stock and are looking for it to underperform in the weeks ahead. So either avoid this stock or consider jumping ship until the estimates and technical factors turn around for CRZO.
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Carrizo Oil & Gas Inc.
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CODE : CRZO |
ISIN : US1445771033 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Carrizo Oil & Gas is a oil development stage company based in United states of america. Carrizo Oil & Gas is listed in Germany and in United States of America. Its market capitalisation is US$ 637.9 millions as of today (€ 575.9 millions). Its stock quote reached its lowest recent point on December 31, 1999 at US$ 1.00, and its highest recent level on July 12, 2019 at US$ 10.00. Carrizo Oil & Gas has 81 469 593 shares outstanding. |