Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Erin Energy Corp (ERN) Share Price
News headlines about Erin Energy Corp (NYSE:ERN) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Erin Energy Corp earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news stories about the company an impact score of 47.0033403930343 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Erin Energy Corp (NYSE:ERN) traded up 4.26% during midday trading on Monday, reaching $2.45. The company’s stock had a trading volume of 76,612 shares. The company’s market capitalization is $522.05 million. Erin Energy Corp has a 1-year low of $1.15 and a 1-year high of $4.10. The company’s 50-day moving average price is $1.52 and its 200-day moving average price is $2.33.
Erin Energy Corp (NYSE:ERN) last released its quarterly earnings results on Wednesday, May 10th. The company reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $31.28 million during the quarter. On average, analysts predict that Erin Energy Corp will post ($0.52) earnings per share for the current fiscal year.
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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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