Insider Selling: Jeremy Akel Sells 1,131 Shares of Bristow Group Stock (BRS)
Bristow Group (NYSE:BRS) COO Jeremy Akel unloaded 1,131 shares of Bristow Group stock on the open market in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $77.46, for a total value of $87,607.26. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. 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 analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. Bristow Group presently has a consensus rating of “Buy” and a consensus target price of $89.90.
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 has a 50-day moving average of $75.65 and a 200-day moving average of $75.09. The company has a market cap of $2.751 billion and a price-to-earnings ratio of 15.28.
Bristow Group (NYSE:BRS) last released its earnings data on Wednesday, May 21st. The company reported $1.35 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.01 earnings per share. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. Analysts expect that Bristow Group will post $5.04 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, June 19th. Investors 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 an increase 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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