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. “
Several other research firms have also weighed in on BRS. Capital One Financial Corp. lowered shares of Bristow Group from an overweight rating to an equal weight rating in a research note on Tuesday, August 16th. Credit Suisse Group AG reissued a hold rating and set a $15.00 price target on shares of Bristow Group in a report on Wednesday, June 29th. Finally, Cowen and Company reduced their price target on shares of Bristow Group from $18.00 to $14.00 and set an outperform rating for the company in a report on Thursday, September 1st. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Bristow Group has an average rating of Hold and an average target price of $19.44.
Bristow Group (NYSE:BRS) opened at 11.59 on Tuesday. The firm’s 50-day moving average is $12.31 and its 200 day moving average is $14.27. The stock’s market capitalization is $406.38 million. Bristow Group has a 12-month low of $9.17 and a 12-month high of $37.19.
Bristow Group (NYSE:BRS) last released its earnings results on Thursday, August 4th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.13) by $0.21. Bristow Group had a negative net margin of 6.50% and a positive return on equity of 1.16%. The business had revenue of $356.10 million for the quarter, compared to the consensus estimate of $383.79 million. During the same quarter in the previous year, the firm earned $0.56 EPS. The firm’s revenue for the quarter was down 20.9% on a year-over-year basis. Equities research analysts anticipate that Bristow Group will post ($1.76) earnings per share for the current year.
In other Bristow Group news, insider Chet Akiri purchased 5,565 shares of the business’s stock in a transaction on Monday, August 29th. The stock was bought at an average cost of $11.62 per share, with a total value of $64,665.30. Following the acquisition, the insider now owns 5,565 shares of the company’s stock, valued at $64,665.30. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jonathan Baliff purchased 8,200 shares of the business’s stock in a transaction on Monday, August 15th. The stock was acquired at an average cost of $12.12 per share, with a total value of $99,384.00. Following the completion of the acquisition, the insider now directly owns 50,998 shares in the company, valued at approximately $618,095.76. The disclosure for this purchase can be found here. 9.60% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its stake in shares of Bristow Group by 65.2% in the second quarter. BNP Paribas Arbitrage SA now owns 16,297 shares of the company’s stock worth $186,000 after buying an additional 6,432 shares during the last quarter. Amici Capital LLC acquired a new stake in shares of Bristow Group during the first quarter worth $1,514,000. Magnetar Financial LLC increased its stake in shares of Bristow Group by 7.9% in the first quarter. Magnetar Financial LLC now owns 15,092 shares of the company’s stock worth $286,000 after buying an additional 1,099 shares during the last quarter. Skyline Asset Management LP increased its stake in shares of Bristow Group by 4.0% in the first quarter. Skyline Asset Management LP now owns 435,007 shares of the company’s stock worth $8,230,000 after buying an additional 16,900 shares during the last quarter. Finally, A.R.T. Advisors LLC acquired a new stake in shares of Bristow Group during the first quarter worth $2,015,000.
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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