CRZO - Stifel rates it a BUY

dan_s · Post by **dan_s** » Fri Jun 17, 2016 9:05 am

Initiating Coverage on Carrizo Oil & Gas with a Buy Rating
We are initiating coverage on Carrizo Oil & Gas with a Buy rating and a $48/share target price and $54/share risked NAV.

My valuation of CRZO is $51.50. < ~55% of this year's oil production is hedged at $60.03/bbl, so CRZO has over $5.00 operating cash flow per share locked in for this year.