Insider Selling: Bristow Group Insider Unloads 4,485 Shares of Stock (BRS)
Bristow Group (NYSE:BRS) Insider Brian J. Allman unloaded 4,485 shares of Bristow Group stock on the open market in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $77.26, for a total transaction of $346,511.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on BRS shares. Analysts at Barclays cut their price target on shares of Bristow Group from $102.00 to $100.00 in a research note on Friday, May 23rd. Separately, analysts at Zacks downgraded shares of Bristow Group from a “neutral” rating to an “underperform” rating in a research note on Thursday, May 22nd. They now have a $72.50 price target on the stock. Finally, analysts at Zacks upgraded shares of Bristow Group from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 16th. They now have a $73.80 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $89.90.
Shares of Bristow Group (NYSE:BRS) traded down 0.55% on Wednesday, hitting $77.32. The stock had a trading volume of 121,470 shares. Bristow Group has a 52 week low of $62.34 and a 52 week high of $85.70. The stock’s 50-day moving average is $75.65 and its 200-day moving average is $75.09. The company has a market cap of $2.751 billion and a P/E ratio of 15.28.
Bristow Group (NYSE:BRS) last posted its quarterly earnings results on Wednesday, May 21st. The company reported $1.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.23 by $0.12. The company had revenue of $440.00 million for the quarter, compared to the consensus estimate of $438.80 million. During the same quarter in the prior year, the company posted $1.01 earnings per share. The company’s quarterly revenue was up 12.6% on a year-over-year basis. On average, analysts predict that Bristow Group will post $5.04 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, June 19th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Tuesday, June 3rd. This is a positive change from Bristow Group’s previous quarterly dividend of $0.25.
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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