Carrizo Oil & Gas Inc. (CRZO) had a good day on the market for Friday December 06 as shares jumped 7.61% to close at $7.21. About 3.77 million shares traded hands on 19,491 trades for the day, compared with an average daily volume of n/a shares out of a total float of 92.61 million. After opening the trading day at $6.73, shares of Carrizo Oil & Gas Inc. stayed within a range of $7.21 to $6.73.
With today’s gains, Carrizo Oil & Gas Inc. now has a market cap of $667.72 million. Shares of Carrizo Oil & Gas Inc. have been trading within a range of $17.14 and $6.15 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.
Carrizo Oil & Gas Inc is engaged in the exploration, development, and production of oil and gas primarily from assets in the United States. The company aims to accumulate significant leasehold positions in areas with known shale thickness and thermal maturity in the proximity of knock or emerging pipeline infrastructures. Carrizo first identifies and acquires surface tracts of well pads from which multiple wells can be drilled. It attempts to acquire contiguous lease blocks in the areas immediately adjacent to the acquired well pads. Horizontal drilling and hydraulic fracturing programs are used to maximize production rate and recoverable reserves from a unit area. The company’s products are sold at the wellhead to unaffiliated third parties.
Carrizo Oil & Gas Inc. is based out of Houston, TX and has some 239 employees. Its CEO is S. P. Johnson.
