The stock of Era Group Inc (NYSE:ERA) is a huge mover today! The stock increased 5.23% or $0.62 on November 23, hitting $12.47. About 79,434 shares traded hands or 27.34% up from the average. Era Group Inc (NYSE:ERA) has risen 24.95% since April 22, 2016 and is uptrending. It has outperformed by 19.54% the S&P500.
The move comes after 8 months positive chart setup for the $278.27M company. It was reported on Nov, 24 by Barchart.com. We have $12.84 PT which if reached, will make NYSE:ERA worth $8.35M more.
Analysts await Era Group Inc (NYSE:ERA) to report earnings on February, 23.
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. Oppenheimer maintained the shares of ERA in a report on Friday, October 23 with “Outperform” rating. 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 increased to 1.17 in Q2 2016. Its up 0.32, from 0.85 in 2016Q1. The ratio increased, 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.
Bridgeway Capital Inc accumulated 150,250 shares or 0.02% of the stock. Menta Ltd Liability Co reported 53,130 shares or 0.07% of all its holdings. The Texas-based Capstone Asset Mngmt Com has invested 0.01% in Era Group Inc (NYSE:ERA). Moreover, Oxford Asset Mngmt has 0.01% invested in Era Group Inc (NYSE:ERA) for 24,779 shares. State Street Corporation holds 0% or 369,711 shares in its portfolio. United Automobile Association, a Texas-based fund reported 257,389 shares. Klingenstein Fields And Ltd Liability Corporation reported 30,528 shares or 0.01% of all its holdings. Jpmorgan Chase And Com last reported 8,271 shares in the company. D E Shaw & Co Inc reported 132,270 shares or 0% of all its holdings. Deutsche Retail Bank Ag last reported 0% of its portfolio in the stock. The New York-based Spark Inv Mngmt Limited Liability Company has invested 0.05% in Era Group Inc (NYSE:ERA). Botty Invsts Ltd Liability Corporation accumulated 40,572 shares or 0.22% of the stock. State Board Of Administration Of Florida Retirement Systems reported 20,023 shares or 0% of all its holdings. Tiaa Cref Investment Management Ltd Liability Corp, a New York-based fund reported 55,355 shares. Checchi Advisers Limited Liability Corporation has 0% invested in the company for 60 shares.
Insider Transactions: Since August 5, 2016, the stock had 1 insider buy, and 1 sale for $19,181 net activity. 3,500 shares were bought by Stavley Stuart, worth $29,050. Puhala Andrew Lewis sold 1,351 shares worth $9,869.
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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