NEW YORK (

TheStreet

) --

Carrizo Oil & Gas

(Nasdaq:

CRZO

) hit a new 52-week high Thursday as it is currently trading at $39.35, above its previous 52-week high of $39.34 with 52,993 shares traded as of 10:06 a.m. ET. Average volume has been 705,700 shares over the past 30 days.

Carrizo Oil & Gas has a market cap of $1.5 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 12.4% year to date as of the close of trading on Wednesday.

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Carrizo Oil & Gas, Inc., together with its subsidiaries, engages in the exploration, development, production, and transportation of natural gas and oil primarily in the United States. The company has a P/E ratio of 131.1, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 16.9.

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TheStreet Ratings rates Carrizo Oil & Gas as a

hold

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including generally poor debt management and weak operating cash flow. You can view the full

Carrizo Oil & Gas Ratings Report

.

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