Zacks Investment Research lowered shares of Bristow Group (NYSE:BRS) from a hold rating to a sell rating in a research report report published on Monday morning.
According to Zacks, “Bristow Group Inc. is a leading provider of helicopter services to the worldwide energy industry. Through its subsidiaries, affiliates and joint ventures, the Company has major transportation operations in the U.S. Gulf of Mexico and the North Sea, and in most of the other major offshore oil and gas producing regions of the world, including Alaska, Australia, Brazil, Mexico, Nigeria, Russia and Trinidad. Additionally, the Company is a leading provider of production management services for oil and gas production facilities in the U.S. Gulf of Mexico. “
A number of other research analysts have also commented on BRS. Barclays upped their price target on Bristow Group from $10.00 to $16.00 and gave the stock an equal weight rating in a report on Tuesday, November 14th. Credit Suisse Group upped their price target on Bristow Group from $8.00 to $14.00 and gave the stock a neutral rating in a report on Monday. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The stock presently has an average rating of Hold and an average target price of $13.25.
Bristow Group (NYSE BRS) opened at $15.60 on Monday. Bristow Group has a 1-year low of $6.21 and a 1-year high of $18.27. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.09 and a current ratio of 1.45.
Bristow Group (NYSE:BRS) last issued its quarterly earnings results on Thursday, February 8th. The oil and gas company reported ($0.52) EPS for the quarter, topping analysts’ consensus estimates of ($0.65) by $0.13. Bristow Group had a negative return on equity of 7.91% and a negative net margin of 12.13%. The company had revenue of $345.53 million during the quarter, compared to analyst estimates of $354.10 million. During the same period in the previous year, the company earned ($0.29) earnings per share. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. equities research analysts predict that Bristow Group will post -3.34 earnings per share for the current fiscal year.
In other Bristow Group news, insider Jonathan Baliff purchased 2,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was bought at an average cost of $14.84 per share, for a total transaction of $29,680.00. Following the completion of the acquisition, the insider now directly owns 69,344 shares in the company, valued at $1,029,064.96. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 10.00% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of BRS. Public Employees Retirement System of Ohio increased its position in shares of Bristow Group by 4.5% during the second quarter. Public Employees Retirement System of Ohio now owns 14,584 shares of the oil and gas company’s stock valued at $112,000 after purchasing an additional 634 shares during the period. Teachers Advisors LLC increased its position in shares of Bristow Group by 1.1% during the second quarter. Teachers Advisors LLC now owns 86,977 shares of the oil and gas company’s stock valued at $665,000 after purchasing an additional 969 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Bristow Group by 6.5% during the second quarter. The Manufacturers Life Insurance Company now owns 28,466 shares of the oil and gas company’s stock valued at $218,000 after purchasing an additional 1,737 shares during the period. Voya Investment Management LLC increased its position in shares of Bristow Group by 21.9% during the second quarter. Voya Investment Management LLC now owns 16,965 shares of the oil and gas company’s stock valued at $130,000 after purchasing an additional 3,043 shares during the period. Finally, BNP Paribas Arbitrage SA increased its position in shares of Bristow Group by 44.2% during the third quarter. BNP Paribas Arbitrage SA now owns 20,360 shares of the oil and gas company’s stock valued at $190,000 after purchasing an additional 6,243 shares during the period.
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About Bristow Group
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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