Insider Selling: William Chiles Unloads 74,255 Shares of Bristow Group Stock (BRS)
Bristow Group (NYSE:BRS) CEO William Chiles sold 74,255 shares of Bristow Group stock on the open market in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $70.51, for a total transaction of $5,235,720.05. Following the transaction, the chief executive officer now directly owns 96,215 shares in the company. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on BRS shares. Analysts at Cowen and Company reiterated a “buy” rating on shares of Bristow Group (NYSE:BRS) in a research note to investors on Tuesday, September 3rd. They now have a $76.00 price target on the stock. Separately, analysts at Barclays Capital raised their price target on shares of Bristow Group (NYSE:BRS) from $87.00 to $98.00 in a research note to investors on Tuesday, September 3rd. They now have an “equal weight” rating on the stock. Finally, analysts at Global Hunter Securities raised their price target on shares of Bristow Group (NYSE:BRS) from $75.00 to $77.00 in a research note to investors on Wednesday, August 7th.
One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $74.71.
Shares of Bristow Group (NYSE:BRS) traded up 0.76% during mid-day trading on Wednesday, hitting $71.63. 157,488 shares of the company’s stock traded hands. Bristow Group has a 1-year low of $48.10 and a 1-year high of $71.11. The stock’s 50-day moving average is $67.99 and its 200-day moving average is $65.15. The company has a market cap of $2.604 billion and a price-to-earnings ratio of 19.43.
Bristow Group (NYSE:BRS) last issued its quarterly earnings data on Monday, August 5th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.04. The company had revenue of $359.50 million for the quarter, compared to the consensus estimate of $386.82 million. During the same quarter in the previous year, the company posted $0.81 earnings per share. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. Analysts expect that Bristow Group will post $4.51 EPS for the current fiscal year.
Bristow Group Inc (NYSE:BRS) is a provider of helicopter services to the worldwide offshore energy industry based on the number of aircraft operated and one of two helicopter service providers to the offshore energy industry with global operations.
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