Evercore ISI reiterated their buy rating on shares of Era Group (NYSE:ERA) in a research report report published on Monday, AnalystRatings.com reports. They currently have a $12.00 price objective on the transportation company’s stock.
Other analysts have also recently issued research reports about the stock. TheStreet cut shares of Era Group from a c rating to a d+ rating in a research note on Wednesday, November 6th. ValuEngine raised shares of Era Group from a hold rating to a buy rating in a research note on Saturday, October 5th.
NYSE ERA traded up $0.06 on Monday, reaching $9.77. The company’s stock had a trading volume of 84,854 shares, compared to its average volume of 102,522. The business has a 50-day moving average price of $10.10 and a 200 day moving average price of $9.28. Era Group has a 52 week low of $6.95 and a 52 week high of $12.43. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.71 and a current ratio of 5.32.
Era Group (NYSE:ERA) last posted its earnings results on Wednesday, November 6th. The transportation company reported ($0.09) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.09). The business had revenue of $58.91 million for the quarter. Era Group had a negative net margin of 4.00% and a negative return on equity of 1.90%.
Large investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP acquired a new position in Era Group in the second quarter valued at about $89,000. State of Alaska Department of Revenue boosted its position in Era Group by 116.4% in the third quarter. State of Alaska Department of Revenue now owns 15,172 shares of the transportation company’s stock valued at $160,000 after buying an additional 8,162 shares in the last quarter. Hancock Whitney Corp acquired a new position in Era Group in the second quarter valued at about $168,000. 6 Meridian acquired a new position in Era Group in the third quarter valued at about $233,000. Finally, First Quadrant L P CA boosted its position in Era Group by 29.6% in the second quarter. First Quadrant L P CA now owns 32,000 shares of the transportation company’s stock valued at $267,000 after buying an additional 7,300 shares in the last quarter. Hedge funds and other institutional investors own 88.38% of the company’s stock.
About Era Group
Era Group Inc provides helicopter transportation services primarily to the oil and gas exploration, development, and production companies. Its helicopter services include emergency response search and rescue; and other services, as well as utility services to support firefighting, mining, power line, and pipeline survey activities.
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