Bristow Group Inc (NYSE:BRS) – Stock analysts at Capital One Financial dropped their FY2018 earnings per share (EPS) estimates for shares of Bristow Group in a research report issued to clients and investors on Monday. Capital One Financial analyst J. Gibney now expects that the oil and gas company will post earnings of ($2.50) per share for the year, down from their previous forecast of ($2.45). Capital One Financial also issued estimates for Bristow Group’s Q4 2018 earnings at ($0.83) EPS, Q1 2019 earnings at ($0.68) EPS, Q2 2019 earnings at ($0.34) EPS and FY2019 earnings at ($1.87) EPS.
A number of other research analysts have also recently commented on BRS. Zacks Investment Research cut Bristow Group from a “buy” rating to a “sell” rating in a research note on Tuesday, October 31st. Barclays increased their price target on Bristow Group from $10.00 to $16.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 14th. Finally, Credit Suisse Group increased their price target on Bristow Group from $8.00 to $14.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $13.25.
Bristow Group (NYSE:BRS) last released its earnings results on Thursday, February 8th. The oil and gas company reported ($0.52) earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $345.53 million during the quarter, compared to analysts’ expectations of $354.10 million. During the same period in the prior year, the company earned ($0.29) earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis.
A number of institutional investors have recently modified their holdings of the business. MetLife Investment Advisors LLC acquired a new stake in Bristow Group during the 4th quarter worth about $230,000. Two Sigma Investments LP acquired a new stake in Bristow Group during the 4th quarter worth about $1,960,000. Two Sigma Advisers LP acquired a new stake in Bristow Group during the 4th quarter worth about $1,438,000. Deutsche Bank AG grew its holdings in Bristow Group by 20.7% during the 4th quarter. Deutsche Bank AG now owns 72,524 shares of the oil and gas company’s stock worth $975,000 after acquiring an additional 12,452 shares during the period. Finally, Wolverine Asset Management LLC grew its holdings in Bristow Group by 1,537.2% during 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 acquiring an additional 139,993 shares during the period.
In other Bristow Group news, insider Jonathan Baliff purchased 2,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was purchased at an average cost of $14.84 per share, for a total transaction of $29,680.00. Following the acquisition, the insider now owns 69,344 shares in the company, valued at approximately $1,029,064.96. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 10.00% of the company’s stock.
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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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