Carrizo Oil & Gas Surging On Heavy Volume (CRZO)

Shares of Carrizo Oil & Gas

are surging on heavy volume during Monday's trading session. The stock has gained 3.56% to $32.58. More than 790,000 shares have already changed hands compared to a daily average of just under 600,000. The company currently has a market cap of $1.14 billion. Carrizo Oil & Gas, Inc. (Carrizo) is an independent energy company, together with its subsidiaries is engaged in the exploration, development, production and transportation of natural gas and oil, principally in the United States. Its core area is the Barnett Shale area in North Texas (Barnett Shale or Fort Worth Barnett Shale), with a focus on Southeast Tarrant County, Texas.