Era Group Inc. (NYSE:ERA)’s share price hit a new 52-week low during mid-day trading on Thursday . The company 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 cut Era Group from a “hold” rating to a “sell” rating in a report on Friday, May 6th.

The stock’s market capitalization is $157.01 million. The stock has a 50-day moving average price of $8.19 and a 200 day moving average price of $9.24.

Era Group (NYSE:ERA) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.21) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by $0.02. The firm earned $63.40 million during the quarter, compared to the consensus estimate of $67.01 million. The business’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.20 EPS. Equities analysts forecast that Era Group Inc. will post ($0.60) earnings per share for the current year.

In related news, SVP Stuart Stavley purchased 3,500 shares of Era Group stock in a transaction dated Friday, August 5th. The stock was bought at an average cost of $8.30 per share, for a total transaction of $29,050.00. Following the completion of the transaction, the senior vice president now owns 79,562 shares in the company, valued at $660,364.60. The acquisition 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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