Insider Buying: Erin Energy Corp (ERN) Major Shareholder Purchases $10,562.32 in Stock

Erin Energy Corp (NYSEAMERICAN:ERN) major shareholder Kase Lukman Lawal acquired 4,259 shares of Erin Energy Corp stock in a transaction on Wednesday, November 8th. The shares were bought at an average cost of $2.48 per share, with a total value of $10,562.32. Following the completion of the purchase, the insider now owns 3,360,852 shares in the company, valued at $8,334,912.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Kase Lukman Lawal also recently made the following trade(s):

  • On Monday, November 13th, Kase Lukman Lawal acquired 2,206 shares of Erin Energy Corp stock. The shares were bought at an average cost of $2.55 per share, with a total value of $5,625.30.
  • On Monday, November 6th, Kase Lukman Lawal acquired 4,890 shares of Erin Energy Corp stock. The shares were bought at an average cost of $2.64 per share, with a total value of $12,909.60.
  • On Friday, November 3rd, Kase Lukman Lawal acquired 800 shares of Erin Energy Corp stock. The shares were bought at an average cost of $2.63 per share, with a total value of $2,104.00.
  • On Monday, October 30th, Kase Lukman Lawal acquired 200 shares of Erin Energy Corp stock. The shares were bought at an average cost of $2.78 per share, with a total value of $556.00.
  • On Thursday, October 26th, Kase Lukman Lawal acquired 1,500 shares of Erin Energy Corp stock. The shares were bought at an average cost of $2.79 per share, with a total value of $4,185.00.
  • On Monday, October 16th, Kase Lukman Lawal acquired 7,270 shares of Erin Energy Corp stock. The shares were bought at an average cost of $2.74 per share, with a total value of $19,919.80.
  • On Wednesday, October 18th, Kase Lukman Lawal acquired 1,000 shares of Erin Energy Corp stock. The shares were bought at an average cost of $2.40 per share, with a total value of $2,400.00.
  • On Saturday, October 14th, Kase Lukman Lawal acquired 2,000 shares of Erin Energy Corp stock. The shares were bought at an average cost of $2.44 per share, with a total value of $4,880.00.
  • On Friday, October 13th, Kase Lukman Lawal acquired 2,300 shares of Erin Energy Corp stock. The shares were bought at an average cost of $2.44 per share, with a total value of $5,612.00.
  • On Saturday, September 30th, Kase Lukman Lawal acquired 1,350 shares of Erin Energy Corp stock. The shares were bought at an average cost of $2.33 per share, with a total value of $3,145.50.

Shares of Erin Energy Corp (NYSEAMERICAN ERN) traded down $0.05 during mid-day trading on Thursday, hitting $2.55. The stock had a trading volume of 14,500 shares, compared to its average volume of 70,135. Erin Energy Corp has a fifty-two week low of $1.15 and a fifty-two week high of $4.10.

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Separately, ValuEngine raised Erin Energy Corp from a “sell” rating to a “hold” rating in a research note on Monday, September 11th.

Several hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. raised its stake in shares of Erin Energy Corp by 106.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 134,389 shares of the company’s stock worth $195,000 after buying an additional 69,354 shares in the last quarter. Northern Trust Corp raised its stake in shares of Erin Energy Corp by 27.1% during the 2nd quarter. Northern Trust Corp now owns 123,686 shares of the company’s stock worth $179,000 after buying an additional 26,408 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. purchased a new position in shares of Erin Energy Corp during the 3rd quarter worth approximately $197,000.

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).

Insider Buying and Selling by Quarter for Erin Energy Corp (NYSEAMERICAN:ERN)

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