Era Group (NYSE:ERA) Raised to “Buy” at ValuEngine

ValuEngine upgraded shares of Era Group (NYSE:ERA) from a hold rating to a buy rating in a report issued on Tuesday, ValuEngine reports.

A number of other brokerages have also recently weighed in on ERA. Evercore ISI reissued a buy rating and issued a $12.00 price target on shares of Era Group in a research note on Monday, November 11th. TheStreet lowered shares of Era Group from a c rating to a d+ rating in a research report on Wednesday, November 6th.

NYSE ERA opened at $8.75 on Tuesday. Era Group has a 1 year low of $6.95 and a 1 year high of $12.43. The business’s fifty day moving average is $9.73 and its two-hundred day moving average is $9.73. The company has a quick ratio of 4.71, a current ratio of 5.32 and a debt-to-equity ratio of 0.37.

Era Group (NYSE:ERA) last released its quarterly earnings data on Wednesday, November 6th. The transportation company reported ($0.09) earnings per share for the quarter, hitting the consensus estimate of ($0.09). The business had revenue of $58.91 million during the quarter. Era Group had a negative return on equity of 1.90% and a negative net margin of 4.00%.

Institutional investors have recently modified their holdings of the company. Susquehanna International Group LLP bought a new stake in shares of Era Group in the 2nd quarter valued at approximately $89,000. State of Alaska Department of Revenue lifted its position in shares of Era Group by 116.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 15,172 shares of the transportation company’s stock worth $160,000 after buying an additional 8,162 shares during the period. Hancock Whitney Corp acquired a new stake in Era Group in the 2nd quarter valued at $168,000. 6 Meridian acquired a new stake in Era Group in the 3rd quarter valued at $233,000. Finally, Barclays PLC grew its position in Era Group by 5.1% in the third quarter. Barclays PLC now owns 24,898 shares of the transportation company’s stock valued at $262,000 after acquiring an additional 1,208 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Era Group Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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