Erin Energy Corp (ERN) Given News Sentiment Score of 0.04
Press coverage about Erin Energy Corp (NYSE:ERN) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Erin Energy Corp earned a coverage optimism score of 0.04 on Accern’s scale. Accern also assigned news stories about the company an impact score of 44.5486459624503 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Erin Energy Corp. breached its 50 day moving average in a Bearish Manner : ERN-US : October 17, 2017 (finance.yahoo.com)
- Insider Buying: Erin Energy Corp (ERN) Major Shareholder Acquires 5,196 Shares of Stock (americanbankingnews.com)
- Erin Energy Corp (ERN) Major Shareholder Purchases $10,586.05 in Stock (americanbankingnews.com)
- Insider Buying: Erin Energy Corp (ERN) Major Shareholder Acquires 6,882 Shares of Stock (americanbankingnews.com)
- Erin Energy Corp (ERN) Major Shareholder Purchases $15,393.44 in Stock (americanbankingnews.com)
Shares of Erin Energy Corp (NYSE ERN) traded down 1.82% during midday trading on Wednesday, reaching $2.70. 34,393 shares of the company were exchanged. The company’s market capitalization is $575.80 million. Erin Energy Corp has a 52-week low of $1.15 and a 52-week high of $4.10. The stock has a 50-day moving average price of $2.89 and a 200 day moving average price of $2.13.
In other Erin Energy Corp news, major shareholder Kase Lukman Lawal bought 33,247 shares of the firm’s stock in a transaction that occurred on Thursday, October 12th. The stock was acquired at an average price of $2.98 per share, with a total value of $99,076.06. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders purchased 301,217 shares of company stock valued at $711,200.
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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