Bristow Group Inc (NYSE:BRS) insider Jonathan Baliff bought 2,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were acquired at an average price of $14.84 per share, with a total value of $29,680.00. Following the transaction, the insider now directly owns 69,344 shares of the company’s stock, valued at $1,029,064.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Bristow Group Inc (BRS) traded up $0.02 during mid-day trading on Tuesday, hitting $14.23. 483,700 shares of the stock were exchanged, compared to its average volume of 856,431. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.34 and a quick ratio of 1.02. Bristow Group Inc has a one year low of $6.21 and a one year high of $21.88.
Bristow Group (NYSE:BRS) last released its quarterly earnings data on Wednesday, November 8th. The oil and gas company reported ($0.33) EPS for the quarter, beating analysts’ consensus estimates of ($0.95) by $0.62. Bristow Group had a negative net margin of 13.31% and a negative return on equity of 7.08%. The company had revenue of $358.00 million during the quarter, compared to analyst estimates of $345.87 million. During the same period last year, the business earned ($0.35) earnings per share. Bristow Group’s revenue was up 4.2% compared to the same quarter last year. equities research analysts predict that Bristow Group Inc will post -3.43 EPS for the current year.
BRS has been the subject of a number of research reports. Barclays increased their target price on shares of Bristow Group from $10.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 14th. BidaskClub upgraded shares of Bristow Group from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Zacks Investment Research lowered shares of Bristow Group from a “buy” rating to a “sell” rating in a research report on Tuesday, October 31st. ValuEngine upgraded shares of Bristow Group from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Finally, Cowen set a $7.00 target price on shares of Bristow Group and gave the stock a “hold” rating in a research report on Friday, October 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $15.00.
Several hedge funds have recently added to or reduced their stakes in BRS. South Dakota Investment Council raised its stake in Bristow Group by 93.3% in the second quarter. South Dakota Investment Council now owns 459,936 shares of the oil and gas company’s stock valued at $3,519,000 after purchasing an additional 222,000 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Bristow Group by 13.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 549,184 shares of the oil and gas company’s stock valued at $4,202,000 after purchasing an additional 65,191 shares in the last quarter. UBS Asset Management Americas Inc. purchased a new stake in Bristow Group in the first quarter valued at approximately $221,000. Investec Asset Management LTD purchased a new stake in Bristow Group in the third quarter valued at approximately $2,422,000. Finally, Goldman Sachs Group Inc. raised its stake in Bristow Group by 14.3% in the second quarter. Goldman Sachs Group Inc. now owns 128,295 shares of the oil and gas company’s stock valued at $981,000 after purchasing an additional 16,036 shares in the last quarter.
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Bristow Group Company Profile
Bristow Group Inc is an industrial aviation services provider and helicopter service provider to the offshore energy industry. The Industrial Aviation Services segment’s operations are conducted primarily through four regions: Europe Caspian, Africa, Americas and Asia Pacific. The Europe Caspian region consists of all its operations and affiliates in Europe and Central Asia, including Norway, the United Kingdom and Turkmenistan.
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