Bristow Group Inc (NYSE:BRS) CEO Jonathan Baliff acquired 3,900 shares of the business’s stock in a transaction on Thursday, March 15th. The shares were purchased at an average cost of $12.97 per share, for a total transaction of $50,583.00. Following the completion of the acquisition, the chief executive officer now directly owns 73,244 shares in the company, valued at $949,974.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of NYSE:BRS opened at $13.14 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.45 and a debt-to-equity ratio of 0.88. Bristow Group Inc has a fifty-two week low of $6.21 and a fifty-two week high of $17.35.
Bristow Group (NYSE:BRS) last issued its quarterly earnings results on Thursday, February 8th. The oil and gas company reported ($0.52) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.65) by $0.13. The company had revenue of $345.53 million for the quarter, compared to the consensus estimate of $354.10 million. Bristow Group had a negative net margin of 12.13% and a negative return on equity of 7.91%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.29) EPS. analysts predict that Bristow Group Inc will post -2.5 earnings per share for the current fiscal year.
A number of equities analysts have issued reports on BRS shares. Credit Suisse Group lifted their price objective on shares of Bristow Group from $8.00 to $14.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Zacks Investment Research downgraded shares of Bristow Group from a “hold” rating to a “sell” rating in a report on Monday, February 12th. Finally, ValuEngine downgraded shares of Bristow Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 13th. Six research analysts have rated the stock with a hold rating, Bristow Group presently has an average rating of “Hold” and an average price target of $13.25.
Large investors have recently modified their holdings of the stock. Wolverine Asset Management LLC boosted its holdings in shares of Bristow Group by 1,537.2% in the 4th quarter. Wolverine Asset Management LLC now owns 149,100 shares of the oil and gas company’s stock worth $2,008,000 after buying an additional 139,993 shares during the last quarter. Investec Asset Management LTD purchased a new position in shares of Bristow Group in the 3rd quarter worth about $2,422,000. Wells Fargo & Company MN boosted its holdings in shares of Bristow Group by 39.1% in the 3rd quarter. Wells Fargo & Company MN now owns 175,838 shares of the oil and gas company’s stock worth $1,645,000 after buying an additional 49,439 shares during the last quarter. Investors Research Corp purchased a new position in shares of Bristow Group in the 4th quarter worth about $193,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Bristow Group by 17,519.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 456,341 shares of the oil and gas company’s stock worth $4,303,000 after buying an additional 453,751 shares during the last quarter.
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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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