Bristow Group SVP Mark Duncan Unloads 5,622 Shares (BRS)
Bristow Group (NYSE:BRS) SVP Mark Duncan sold 5,622 shares of the stock on the open market in a transaction dated Monday, October 14th. The stock was sold at an average price of $77.50, for a total value of $435,705.00. Following the completion of the transaction, the senior vice president now directly owns 18,712 shares of the company’s stock, valued at approximately $1,450,180. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Bristow Group (NYSE:BRS) traded up 0.70% during mid-day trading on Wednesday, hitting $78.73. 134,202 shares of the company’s stock traded hands. Bristow Group has a 52-week low of $48.10 and a 52-week high of $79.46. The stock’s 50-day moving average is $71.2 and its 200-day moving average is $66.95. The company has a market cap of $2.862 billion and a price-to-earnings ratio of 21.37.
Bristow Group (NYSE:BRS) last announced its earnings results on Monday, August 5th. The company reported $1.00 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.81 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. On average, analysts predict that Bristow Group will post $4.50 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on BRS shares. Analysts at Global Hunter Securities upgraded shares of Bristow Group from an “accumulate” rating to a “buy” rating in a research note to investors on Monday. They now have a $98.00 price target on the stock, up previously from $77.00. Separately, analysts at Howard Weil upgraded shares of Bristow Group from a “sector perform” rating to an “outperform” rating in a research note to investors on Tuesday, October 8th. They now have a $90.00 price target on the stock, up previously from $73.00. Finally, analysts at Cowen and Company reiterated a “buy” rating on shares of Bristow Group in a research note to investors on Tuesday, September 3rd. They now have a $76.00 price target on the stock. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $84.83.
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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