Press coverage about Erin Energy Corp (NYSE:ERN) has been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Erin Energy Corp earned a coverage optimism score of 0.03 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 44.6936389306406 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Erin Energy Corp (NYSE ERN) traded up $0.05 during midday trading on Friday, reaching $2.65. 14,270 shares of the company traded hands, compared to its average volume of 41,135. Erin Energy Corp has a one year low of $1.15 and a one year high of $4.10.
In other Erin Energy Corp news, major shareholder Kase Lukman Lawal acquired 11,023 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was bought at an average price of $2.45 per share, with a total value of $27,006.35. Following the purchase, the insider now owns 3,098,206 shares in the company, valued at $7,590,604.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders have purchased 220,875 shares of company stock valued at $574,260.
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About Erin Energy Corp
Erin Energy Corporation is an independent oil and gas exploration and production company. The Company is focused on energy resources in Africa. It is focused on exploration for and production of hydrocarbons where commercial reserves have been found and developed. As of December 31, 2016, the Company’s asset portfolio consisted of seven licenses across four countries covering an area of approximately five million acres (approximately 19,000 square kilometers).
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