The stock of Era Group Inc (NYSE:ERA) is a huge mover today! The stock decreased 3.11% or $0.25 on October 3, hitting $7.8. About 82,249 shares traded hands or 16.98% up from the average. Era Group Inc (NYSE:ERA) has declined 18.07% since March 1, 2016 and is downtrending. It has underperformed by 30.28% the S&P500.
The move comes after 8 months negative chart setup for the $163.47 million company. It was reported on Oct, 4 by Barchart.com. We have $6.79 PT which if reached, will make NYSE:ERA worth $21.25M less.
Analysts await Era Group Inc (NYSE:ERA) to report earnings on November, 2.
Era Group Inc (NYSE:ERA) Ratings Coverage
Out of 2 analysts covering Era Group Inc (NYSE:ERA), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Era Group Inc has been the topic of 4 analyst reports since September 15, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, October 23 by Oppenheimer. Oppenheimer initiated Era Group Inc (NYSE:ERA) rating on Tuesday, September 15. Oppenheimer has “Outperform” rating and $21 price target.
According to Zacks Investment Research, “Era Group Inc. engages in providing helicopter transportation services. It offers transport services and helicopter services and helicopters under contract-lease, air medical services, firefighting support, and Alaska flightseeing tour services. The company operates in the United States, Europe, Latin America and the Caribbean, Australia, Canada, and Asia. Era Group Inc. is based in Houston, Texas.”
Insitutional Activity: The institutional sentiment decreased to 0.85 in Q2 2016. Its down 1.47, from 2.32 in 2016Q1. The ratio turned negative, as 12 funds sold all Era Group Inc shares owned while 36 reduced positions. 11 funds bought stakes while 30 increased positions. They now own 18.62 million shares or 0.83% less from 18.78 million shares in 2016Q1.
Schwab Charles Invest Mngmt owns 60,313 shares or 0% of their US portfolio. The New York-based Amer Group Incorporated has invested 0% in Era Group Inc (NYSE:ERA). Walleye Trading Limited Liability Co last reported 0% of its portfolio in the stock. California State Teachers Retirement Sys accumulated 40,998 shares or 0% of the stock. Northern Trust holds 0% or 229,345 shares in its portfolio. Anchor Cap Advsr accumulated 19,758 shares or 0% of the stock. Klingenstein Fields Co Ltd Llc holds 30,528 shares or 0.01% of its portfolio. Menta Ltd Llc has 53,130 shares for 0.07% of their US portfolio. Moreover, Tiaa Cref Invest Management Ltd has 0% invested in Era Group Inc (NYSE:ERA) for 55,355 shares. Blackrock Institutional Trust Com Na has invested 0% of its portfolio in Era Group Inc (NYSE:ERA). Texas Permanent School Fund has 15,007 shares for 0% of their US portfolio. Fmr Limited Liability Company owns 486,300 shares or 0% of their US portfolio. Comerica Retail Bank, a Michigan-based fund reported 19,940 shares. Checchi Cap Advisers Ltd Liability reported 60 shares or 0% of all its holdings. Blackrock has invested 0% of its portfolio in Era Group Inc (NYSE:ERA).
Insider Transactions: Since August 5, 2016, the stock had 1 insider buy, and 1 sale for $19,181 net activity. The insider Stavley Stuart bought $29,050. The insider Puhala Andrew Lewis sold $9,869.
More recent Era Group Inc (NYSE:ERA) news were published by: Finance.Yahoo.com which released: “Era Group Inc. Reports Second Quarter 2016 Results” on August 02, 2016. Also Wsj.com published the news titled: “Helicopter Operator Era Group in Oil-Field Squeeze” on November 05, 2015. Nasdaq.com‘s news article titled: “Era Group Announces New Contract with the Bureau of Safety and Environmental …” with publication date: September 26, 2016 was also an interesting one.
ERA Company Profile
Era Group Inc., incorporated on April 29, 1999, is engaged in operating helicopters. The Company’s helicopters transport personnel to, from and between offshore gas and oil production platforms, drilling rigs and other installations. The Firm 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 gas and oil exploration, development and production companies. In addition to serving the gas and oil industry, the Company provides air medical services; utility services, including support of firefighting, mining, power line and pipeline survey activities, and Alaska flightseeing tours, among other activities.
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