Insider Selling: Bristow Group SVP Sells 4,000 Shares of Stock (BRS)
Bristow Group (NYSE:BRS) SVP Hilary Ware sold 4,000 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $73.00, for a total transaction of $292,000.00. Following the transaction, the senior vice president now directly owns 10,892 shares in the company, valued at approximately $795,116. The sale was disclosed in a 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 equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $74.71.
Bristow Group (NYSE:BRS) traded up 0.79% on Tuesday, hitting $73.05. The stock had a trading volume of 155,020 shares. Bristow Group has a one year low of $48.10 and a one year high of $73.97. The stock’s 50-day moving average is $68.57 and its 200-day moving average is $65.64. The company has a market cap of $2.656 billion and a P/E ratio of 19.81.
Bristow Group (NYSE:BRS) last released its 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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