The stock of Era Group Inc (NYSE:ERA) is a huge mover today! About 115,504 shares traded hands or 51.63% up from the average. Era Group Inc (NYSE:ERA) has declined 32.65% since March 7, 2016 and is downtrending. It has underperformed by 40.25% the S&P500.
The move comes after 5 months positive chart setup for the $172.85 million company. It was reported on Oct, 10 by Barchart.com. We have $19.13 PT which if reached, will make NYSE:ERA worth $214.33M more.
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 stock of Era Group Inc (NYSE:ERA) has “Outperform” rating given on Friday, October 23 by Oppenheimer. The rating was initiated by Oppenheimer on Tuesday, September 15 with “Outperform”.
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 worsened, 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.
Goldman Sachs Gru Inc Inc accumulated 28,191 shares or 0% of the stock. Fifth Third National Bank & Trust holds 0% of its portfolio in Era Group Inc (NYSE:ERA) for 150 shares. Schwab Charles Invest Management Inc, a California-based fund reported 60,313 shares. Moreover, Metropolitan Life Ny has 0% invested in Era Group Inc (NYSE:ERA) for 19,857 shares. Bridgeway Capital Mgmt last reported 150,250 shares in the company. Blackrock Group Inc holds 0% or 12,345 shares in its portfolio. The Massachusetts-based Panagora Asset Management has invested 0% in Era Group Inc (NYSE:ERA). Dimensional Fund L P has invested 0.01% of its portfolio in Era Group Inc (NYSE:ERA). Northern Tru holds 0% of its portfolio in Era Group Inc (NYSE:ERA) for 229,345 shares. Eii Cap accumulated 160,560 shares or 0.44% of the stock. Menta Capital Ltd Limited Liability Company holds 53,130 shares or 0.07% of its portfolio. Barclays Public Limited Company accumulated 99 shares or 0% of the stock. Citadel Advisors Lc has invested 0% of its portfolio in Era Group Inc (NYSE:ERA). Klingenstein Fields And Ltd last reported 30,528 shares in the company. Capstone Asset Mngmt has invested 0.01% of its portfolio in Era Group Inc (NYSE:ERA).
Insider Transactions: Since August 5, 2016, the stock had 1 insider buy, and 1 insider sale for $19,181 net activity. The insider Puhala Andrew Lewis sold $9,869. $29,050 worth of shares were bought by Stavley Stuart on Friday, August 5.
More news for Era Group Inc (NYSE:ERA) were recently published by: Quotes.Wsj.com, which released: “News Era Group Inc.ERA” on February 01, 2013. Wsj.com‘s article titled: “Helicopter Operator Era Group in Oil-Field Squeeze” and published on November 05, 2015 is yet another important article.
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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