CRZO will go UP
$35.00 on 6/14/13
$40.12 (99.40% from time of market call)
I would classify Carrizo Oil as a LT asset-play/fast-grower. Of course, it is heavily invested in LT fixed assets, but CRZO is planning on putting those assets to work by increasing their production of oil & liquid by almost 20%. Based off of it's current EPS of 1.15, future expected EPS, fair value estimate, and P/E multiple, I would say that CRZO stock is definitely overvalued and is likely to go up asap!