Insider Trading Roundup: Erin Energy Corp. $ERN

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Erin Energy Corp. (ARCA:ERN) insider have most recently took part in a trading activity. On Nov 30, 2017 Lawal Kase Lukman, 10% Owner bought 3,323 shares having total worth of $9,072 at the price of $2.73 per share, following the transaction a total of 3,371,742 shares owned by Lawal Kase Lukman. Before this latest buy, Lawal Kase Lukman purchased ERN at 9 other times during the past twelve months, for a total investment of $13.75M at an average of $2.48 per share.

The stock has experienced a total of 5 insider trades in the past three months. These trades include 5 buy trades. Furthermore, over the past 12 months , the stock was traded 12 times by insiders. In 3 of these trades, the insider was a seller while an employee of the company was the buyer in 9 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 5 0 57.14%
12 Month 9 3 26.73%

Shares of Erin Energy Corp. (ARCA:ERN) traded up 3.77% on Dec 4, 2017, hitting $2.75. 44,145 shares of the company’s stock traded hands. Erin Energy Corp. has a 52 week low of $1.25 and a 52 week high of $3.95. The company’s market cap is $459 million.

Erin Energy Corp. (ARCA:ERN) last announced its earnings results on Nov 9, 2017. The company reported -0.01 earnings per share (EPS) for the quarter. The company had revenue of $34 million for the quarter During the same quarter in the previous year, the company posted -0.11 earnings per share. The company’s revenue for the quarter was up 18% on a year-over-year basis.

2017-11-09 2017-05-10 2017-03-16 2017-03-15 2016-11-15 2016-11-08 2016-08-08 2016-05-10 2016-05-09 2016-03-16
earnings per share -0.01 -0.12 -0.30 0.00 -0.11 0.00 -0.11 -0.15 0.00 -0.07
Revenue(M) 33.64 31.28 21.12 0 28.62 0 23.15 4.93 0 39.76

Camac Energy, Inc., was incorporated in Delaware on December 12, 1979 as Gemini Marketing Associates Inc. The Company’s name was changed from Pacific Asia Petroleum, Inc. to CAMAC Energy Inc. upon the acquisition of oil and gas properties located offshore Nigeria in April 2010. The Company is engaged in the exploration, development, and production of oil and gas outside the United States, directly and through joint ventures. It operates in the upstream segment of the oil and gas industry in exploration and producing activities. The Company has offices in Nairobi, Kenya and Lagos, Nigeria. Its assets include rights to interests in OML 120 and OML 121, offshore oil and gas leases in deep water Nigeria which include the currently producing Oyo Oilfield, and interests in six recently acquired exploration blocks in Kenya and Gambia. It competes with numerous large international oil companies and smaller oil companies that target opportunities in markets similar to the Company’s, including the natural gas and petroleum markets.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.