A Sweet Surprise From Verizon Communications Inc. (VZ), Carrizo Oil & Gas, Inc. (CRZO)

Over the past 52 weeks Verizon Communications Inc. (NYSE:VZ) has embarked on a rally that has seen it rise 12.25% and is now up by 3.2% since start of this year. The equity price rose 2.95% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that the stock has recorded a -1.41% fall over the past 30 days. Its equity price climbed by 6.79% over the past three months which led to its overall six-month increase to stand at 13.23%.

The shares of Verizon Communications Inc. (VZ) dropped by -5.78% or -$3.56 from its last recorded high of $61.58 which it attained on November 20 to close at $58.02 per share. Over the past 52 weeks, the shares of Verizon Communications Inc. has been trading as low as $46.08 before witnessing a massive surge by 25.91% or $11.94. This price movement has led to the VZ stock receiving more attention and has become one to watch out for. It jumped by 0.73% on Sunday and this got the market excited. The stock’s beta now stands at 0.54 and when compared to its 200-day moving average and its 50-day moving average, VZ price stands 10% above and 0.84% above respectively. Its average daily volatility for this week is 1.71% which is less than the 2.31% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Verizon Communications Inc. with most of them predicting a $58.78 price target on a short-term (12 months) basis. The average price target by the analysts will see a 1.31% rise in the stock and would lead to VZ’s market cap to surge to $243.35B. The stock has been rated an average 2.4, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 28 analysts that track Verizon Communications Inc. (NYSE:VZ) and find out that 16 of them rated it as a Hold. 12 of the 12 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

A look at VZ technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 56.78 point. Its trading volume has lost -3483380 shares compared to readings over the past three months as it recently exchanged 15796620 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 19280000 shares, and this is 0.82 times the normal volume.

The price of Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) currently stands at $12.24 after it went down by $-0.4 or -3.16% and has found a strong support at $12.03 a share. If the CRZO price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $11.83 mark would also be bad for the stock as it means that the stock would plunge by 3.35% from its current position. However, if the stock price is able to trade above the resistance point around $12.5, then it could likely surge higher to try and break the upward resistance which stands at $12.77 a share. Its average daily volatility over the past one month stands at 6.44%. The stock has plunged by 1.23% from its 52-weeks high of $12.09 which it reached on Oct. 07, 2018. In general, it is 21% above its 52-weeks lowest point which stands at $9.67 and this setback was observed on Dec. 26, 2018.

Analysts have predicted a price target for Carrizo Oil & Gas, Inc. (CRZO) for 1 year and it stands at an average $22.14/share. This means that it would likely increase by 80.88% from its current position. The current price of the stock has been moving between $12.09 and $12.56. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $13. On the other hand, one analyst is super bullish about the price, setting a target as high as $37.

The CRZO stock Stochastic Oscillator (%D) is at 84.1%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 1.11 which compares to the 99.85 recorded by the industry or the 12.86 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 4.1, which is lower than the 11.08 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -3.7% over the past five years.

Analysts view Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) as a Hold, with 2.3 consensus rating. Reuters surveyed 21 analysts that follow CRZO and found that 6 of those analysts rated the stock as a Hold. The remaining 15 were divided, with 15 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Carrizo Oil & Gas, Inc. (CRZO) shares or sell it if they already own it.