| 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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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Carrizo Oil & Gas est une société développant des projet miniers de pétrole basée aux Etats-Unis D'Amerique. Carrizo Oil & Gas est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 637,9 millions US$ (575,9 millions €). La valeur de son action a atteint son plus bas niveau récent le 31 décembre 1999 à 1,00 US$, et son plus haut niveau récent le 12 juillet 2019 à 10,00 US$. Carrizo Oil & Gas possède 81 469 593 actions en circulation. |