Price Action to Note: What’s in Erin Energy Corp After Today’s Significant Increase?

Price Action to Note: What's in Erin Energy Corp After Today's Significant Increase?

The stock of Erin Energy Corp (NYSEMKT:ERN) is a huge mover today! The stock increased 10.64% or $0.25 during the last trading session, hitting $2.6. About 106,514 shares traded hands or 24.45% up from the average. Erin Energy Corp (NYSEMKT:ERN) has declined 2.89% since February 29, 2016 and is downtrending. It has underperformed by 15.11% the S&P500.
The move comes after 9 months positive chart setup for the $569.58M company. It was reported on Oct, 3 by We have $3.85 PT which if reached, will make NYSEMKT:ERN worth $273.40M more.

Analysts await Erin Energy Corp (NYSEMKT:ERN) to report earnings on November, 14.

According to Zacks Investment Research, “Erin Energy Corporation is an oil and gas exploration and production company. The company operates primarily in the United States, Nigeria, Kenya, Gambia, South Africa, and Ghana. Erin Energy Corporation, formerly known as CAMAC Energy Inc., is headquartered in Houston, USA.”

More important recent Erin Energy Corp (NYSEMKT:ERN) news were published by: which released: “News Erin Energy Corp.ERN” on April 23, 2015, also published article titled: “Houston energy company names new chairman and CEO”, published: “Erin Energy Corp. brings Nigeria’s Oyo field online” on May 04, 2015. More interesting news about Erin Energy Corp (NYSEMKT:ERN) was released by: and their article: “Erin Energy: Questionable Characters At A Stratospheric Valuation (ERN)” with publication date: June 05, 2015.

ERN Company Profile

Erin Energy Corporation, formerly Camac Energy Inc., incorporated on December 12, 1979, is an independent gas and oil exploration and production company. The Firm is focused on energy resources in Africa. The Company’s asset portfolio consists of approximately nine licenses in over four countries covering an area of approximately 40,000 square kilometers (over 10 million acres). The Company’s geographical divisions include Nigeria, Kenya, The Gambia and Ghana. The Firm owns producing properties and conducts exploration activities offshore Nigeria, conducts exploration activities offshore Ghana and The Gambia, and conducts exploration activities offshore both offshore and onshore Kenya. The Company’s subsidiaries include CAMAC Energy Kenya Limited, Erin Petroleum Nigeria Limited, Erin Energy Gambia Ltd. and Erin Energy Ghana Limited.

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