Notable Mover: Erin Energy Corp Can’t Burn Your Short Portfolio. Has Another Weak Session

Notable Mover: Erin Energy Corp Can't Burn Your Short Portfolio. Has Another Weak Session

The stock of Erin Energy Corp (NYSEMKT:ERN) is a huge mover today! About 94,648 shares traded hands or 13.65% up from the average. Erin Energy Corp (NYSEMKT:ERN) has risen 6.12% since March 1, 2016 and is uptrending. It has underperformed by 3.12% the S&P500.
The move comes after 6 months negative chart setup for the $540.86M company. It was reported on Oct, 4 by Barchart.com. We have $2.19 PT which if reached, will make NYSEMKT:ERN worth $27.04 million less.

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 recent Erin Energy Corp (NYSEMKT:ERN) news were published by: Quotes.Wsj.com which released: “News Erin Energy Corp.ERN” on April 23, 2015. Also Bizjournals.com published the news titled: “Houston energy company names new chairman and CEO” on March 14, 2016. Worldoil.com‘s news article titled: “Erin Energy Corp. brings Nigeria’s Oyo field online” with publication date: May 04, 2015 was also an interesting one.

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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