Bristow Group Inc (BRS) Given Average Recommendation of “Hold” by Analysts
Bristow Group Inc (NYSE:BRS) has been assigned a consensus rating of “Hold” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $14.00.
BRS has been the topic of a number of research analyst reports. Zacks Investment Research cut Bristow Group from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. ValuEngine raised Bristow Group from a “strong sell” rating to a “sell” rating in a report on Saturday, May 20th. Cowen and Company cut Bristow Group from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $14.00 to $7.00 in a report on Friday, May 26th. Barclays PLC set a $13.00 price target on Bristow Group and gave the stock a “hold” rating in a report on Friday, May 26th. Finally, Credit Suisse Group reissued a “hold” rating and issued a $10.00 price target on shares of Bristow Group in a report on Sunday, May 28th.
A number of hedge funds have recently added to or reduced their stakes in BRS. Ariel Investments LLC increased its stake in Bristow Group by 3.8% in the first quarter. Ariel Investments LLC now owns 10,160,521 shares of the oil and gas company’s stock worth $154,542,000 after buying an additional 371,009 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Bristow Group by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,959,621 shares of the oil and gas company’s stock worth $45,015,000 after buying an additional 21,261 shares during the last quarter. Caledonia Investments PLC increased its stake in Bristow Group by 0.9% in the first quarter. Caledonia Investments PLC now owns 2,848,767 shares of the oil and gas company’s stock worth $43,330,000 after buying an additional 24,484 shares during the last quarter. Vanguard Group Inc. increased its stake in Bristow Group by 2.6% in the first quarter. Vanguard Group Inc. now owns 2,427,238 shares of the oil and gas company’s stock worth $36,918,000 after buying an additional 62,466 shares during the last quarter. Finally, State Street Corp increased its stake in Bristow Group by 29.6% in the first quarter. State Street Corp now owns 1,419,712 shares of the oil and gas company’s stock worth $21,594,000 after buying an additional 324,214 shares during the last quarter.
Bristow Group (NYSE:BRS) opened at 7.82 on Friday. The company’s market capitalization is $275.40 million. The company has a 50 day moving average of $7.15 and a 200 day moving average of $13.27. Bristow Group has a 52-week low of $6.21 and a 52-week high of $21.88.
Bristow Group (NYSE:BRS) last posted its quarterly earnings results on Tuesday, May 23rd. The oil and gas company reported ($1.15) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.48) by $0.67. Bristow Group had a negative return on equity of 5.34% and a negative net margin of 12.12%. The business had revenue of $323.70 million during the quarter, compared to analysts’ expectations of $327.92 million. During the same period in the prior year, the firm posted $0.13 earnings per share. The firm’s revenue for the quarter was down 13.7% on a year-over-year basis. On average, equities research analysts forecast that Bristow Group will post ($3.60) earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 22nd. Shareholders of record on Wednesday, June 7th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date was Monday, June 5th. Bristow Group’s payout ratio is -5.76%.
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About Bristow Group
Bristow Group Inc is an industrial aviation services provider and helicopter service provider to the offshore energy industry. The Industrial Aviation Services segment’s operations are conducted primarily through four regions: Europe Caspian, Africa, Americas and Asia Pacific. The Europe Caspian region consists of all its operations and affiliates in Europe and Central Asia, including Norway, the United Kingdom and Turkmenistan.
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