Stocks to Watch: Pengrowth Energy Corp (USA)(NYSE:PGH), Carrizo Oil & Gas, Inc. (NASDAQ:CRZO), CIT Group Inc. (NYSE:CIT)

Dallas, TX -- (SBWIRE) -- 03/08/2013 -- Marketbuzzreport.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

Pengrowth Energy Corp (USA)(NYSE:PGH) shares increased 4% to $4.94. Analysts at Scotiabank decreased their price target on shares of PGH from $8.75 to $8.00 in a research report issued to clients and investors on Mar. 1.

Additionally, the Company, on Feb. 13, announced that its March 15, 2013 cash dividend will be CAD0.04 per common share. The ex-dividend date is Feb.21, 2013. The dividend will be payable to all shareholders who hold Pengrowth shares at the close of business on the record date of February 25, 2013.

Is PGH a Strong Buy After The Recent Gain? Let’s Find out Here

Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) shares climbed 3.82% to $24.98. The company, on Feb. 26, announced the Company's record financial results for the fourth quarter of 2012. Adjusted revenues were $116.7 million for the fourth quarter of 2012, as compared to adjusted revenues of $66.3 million for the fourth quarter of 2011. The Company reported net income of $18.5 million, or $0.47 and $0.46 per basic and diluted share, respectively, for the three months ended December 31, 2012, as compared to net income of $6.5 million, or $0.17 and $0.16 per basic and diluted share, respectively, for the fourth quarter of 2011.

Additionally, CRZO’s stock had its target price increased by BMO Capital Markets from $22.00 to $25.00 in a research note issued to investors last week. The firm currently has a market perform rating on the stock.

Is CRZO a Strong Buying Opportunity After The Recent Slump? Find out Here

CIT Group Inc. (NYSE:CIT) shares climbed 3.66% and closed at $44.48. The company, on Feb. 20, announced that it arranged and syndicated a senior secured credit facility to support the growth strategy of Dallas-based Medsurant Holdings. The company is one of the nation's leading providers of outsourced intraoperative monitoring services for hospitals and physicians, monitoring high-risk spinal, cranial, otolaryngology and cardiovascular procedures. Proceeds of the transaction were used to refinance existing debt and finance an acquisition.

Should Investors Consider CIT After The Recent price Action? Get Free Trend Analysis Here

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