Era Group Inc. (ERA) Stock Price Up 4%
Era Group Inc. (NYSE:ERA) rose 4% during trading on Friday . The company traded as high as $7.65 and last traded at $7.52, with a volume of 57,528 shares changing hands. The stock had previously closed at $7.23.
Separately, TheStreet cut shares of Era Group from a “hold” rating to a “sell” rating in a report on Friday, May 6th.
The company’s market cap is $157.01 million. The stock has a 50 day moving average of $8.19 and a 200 day moving average of $9.24.
Era Group (NYSE:ERA) last released its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by $0.02. The business had revenue of $63.40 million for the quarter, compared to the consensus estimate of $67.01 million. Era Group’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same period last year, the business posted $0.20 earnings per share. On average, equities analysts expect that Era Group Inc. will post ($0.60) EPS for the current fiscal year.
In other Era Group news, SVP Stuart Stavley purchased 3,500 shares of Era Group stock in a transaction dated Friday, August 5th. The stock was acquired at an average price of $8.30 per share, for a total transaction of $29,050.00. Following the acquisition, the senior vice president now owns 79,562 shares in the company, valued at approximately $660,364.60. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.
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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