Bristow Group (NYSE:BRS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, January 10th.
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. “
Other equities research analysts also recently issued research reports about the company. 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. Cowen set a $7.00 price objective on 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, six have given a hold rating and one has given a buy rating to the company’s stock. Bristow Group has an average rating of “Hold” and an average target price of $15.00.
Shares of Bristow Group (BRS) opened at $15.39 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.34 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $558.07, a price-to-earnings ratio of -2.91 and a beta of 3.09. Bristow Group has a 1-year low of $6.21 and a 1-year high of $21.00.
Bristow Group (NYSE:BRS) last posted its quarterly earnings data on Wednesday, November 8th. The oil and gas company reported ($0.33) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.95) by $0.62. Bristow Group had a negative return on equity of 7.08% and a negative net margin of 13.31%. The firm had revenue of $358.00 million for the quarter, compared to the consensus estimate of $345.87 million. During the same quarter in the previous year, the business earned ($0.35) EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. research analysts forecast that Bristow Group will post -3.34 earnings per share for the current fiscal year.
In other news, insider Jonathan Baliff bought 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was purchased at an average cost of $14.84 per share, with a total value of $29,680.00. Following the transaction, the insider now directly owns 69,344 shares in the company, valued at $1,029,064.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 10.00% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Arizona State Retirement System raised its stake in Bristow Group by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 16,693 shares of the oil and gas company’s stock valued at $128,000 after acquiring an additional 100 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in Bristow Group by 4.5% during the 2nd 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 acquiring an additional 634 shares during the last quarter. Teachers Advisors LLC raised its stake in Bristow Group by 1.1% during the 2nd quarter. Teachers Advisors LLC now owns 86,977 shares of the oil and gas company’s stock valued at $665,000 after acquiring an additional 969 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Bristow Group by 6.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,466 shares of the oil and gas company’s stock valued at $218,000 after acquiring an additional 1,737 shares during the last quarter. Finally, Voya Investment Management LLC raised its stake in Bristow Group by 21.9% during the 2nd quarter. Voya Investment Management LLC now owns 16,965 shares of the oil and gas company’s stock valued at $130,000 after acquiring an additional 3,043 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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