Era Group Inc. (ERA) Hits New 1-Year Low at $7.03
Shares of Era Group Inc. (NYSE:ERA) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $7.03 and last traded at $7.25, with a volume of 34,805 shares traded. The stock had previously closed at $7.29.
Separately, TheStreet lowered Era Group from a “hold” rating to a “sell” rating in a report on Friday, May 6th.
The firm has a 50 day moving average of $8.35 and a 200 day moving average of $9.26. The firm’s market capitalization is $148.87 million.
Era Group (NYSE:ERA) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.21) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.19) by $0.02. The company earned $63.40 million during the quarter, compared to analyst estimates of $67.01 million. The company’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.20 EPS. Analysts predict that Era Group Inc. will post ($0.60) earnings per share for the current year.
In other Era Group news, SVP Stuart Stavley purchased 3,500 shares of the company’s stock in a transaction that occurred on Friday, August 5th. The shares were acquired at an average cost of $8.30 per share, for a total transaction of $29,050.00. Following the completion of the acquisition, the senior vice president now owns 79,562 shares of the company’s stock, valued at approximately $660,364.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Era Group Inc is engaged in operating helicopters. The Company’s helicopters transport personnel to, from and between offshore oil and gas production platforms, drilling rigs and other installations. The Company also dry-leases helicopters to third-party helicopter operators and foreign affiliates. The primary users of the Company’s helicopter services are international, integrated and independent oil and gas exploration, development and production companies.
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