Era Group Inc. (ERA) Shares Up 4%
Era Group Inc. (NYSE:ERA) shot up 4% on Friday . The stock traded as high as $7.65 and last traded at $7.52, with a volume of 57,528 shares traded. The stock had previously closed at $7.23.
The firm’s market cap is $157.01 million. The firm has a 50 day moving average of $8.19 and a 200 day moving average of $9.24.
Era Group (NYSE:ERA) last issued its 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. During the same period last year, the firm earned $0.20 earnings per share. The firm earned $63.40 million during the quarter, compared to the consensus estimate of $67.01 million. Era Group’s revenue for the quarter was down 10.3% on a year-over-year basis. On average, equities research analysts forecast that Era Group Inc. will post ($0.60) earnings per share for the current fiscal year.
In related news, SVP Stuart Stavley bought 3,500 shares of the firm’s stock in a transaction dated Friday, August 5th. The stock was bought at an average price of $8.30 per share, with a total value of $29,050.00. Following the completion of the transaction, the senior vice president now directly owns 79,562 shares of the company’s stock, valued at $660,364.60. The acquisition was disclosed in a legal 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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