NEW YORK ( TheStreet) -- Carrizo Oil & Gas (Nasdaq: CRZO) hit a new 52-week high Tuesday as it traded at $37.74 compared with its previous 52-Week high of $37.38. Carrizo Oil & Gas is changing hands at $36.53 with 754,756 shares traded as of 3:51 p.m. ET. Average volume has been 623,900 shares over the past 30 days. Carrizo Oil & Gas has a market cap of $1.3 billion and is part of the basic materials sector and energy industry. Shares are up 6.9% year to date as of the close of trading on Friday. 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. TheStreet Ratings rates Carrizo Oil & Gas as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full Carrizo Oil & Gas Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.