Bristow Group Inc (NYSE:BRS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Thursday.

According to Zacks, “Bristow Group Inc. is a leading provider of helicopter services to the worldwide energy industry. Through its subsidiaries, affiliates and joint ventures, the Company has major transportation operations in the U.S. Gulf of Mexico and the North Sea, and in most of the other major offshore oil and gas producing regions of the world, including Alaska, Australia, Brazil, Mexico, Nigeria, Russia and Trinidad. Additionally, the Company is a leading provider of production management services for oil and gas production facilities in the U.S. Gulf of Mexico. “

Other research analysts have also issued research reports about the stock. ValuEngine upgraded shares of Bristow Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 20th. Cowen and Company lowered shares of Bristow Group from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $14.00 to $7.00 in a research note on Friday, May 26th. Barclays PLC set a $13.00 price target on shares of Bristow Group and gave the company a “hold” rating in a research note on Friday, May 26th. Credit Suisse Group reiterated a “hold” rating and issued a $10.00 price target on shares of Bristow Group in a research note on Sunday, May 28th. Finally, BidaskClub upgraded shares of Bristow Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Bristow Group presently has an average rating of “Hold” and an average price target of $12.60.

Shares of Bristow Group (NYSE:BRS) traded up 6.94% during midday trading on Thursday, hitting $9.56. The stock had a trading volume of 2,363,591 shares. Bristow Group has a 1-year low of $6.21 and a 1-year high of $21.88. The company’s 50 day moving average price is $7.79 and its 200-day moving average price is $10.66. The firm’s market capitalization is $337.73 million.

Bristow Group (NYSE:BRS) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported ($0.83) earnings per share for the quarter, topping the consensus estimate of ($1.11) by $0.28. The company had revenue of $352.10 million for the quarter, compared to analyst estimates of $299.93 million. Bristow Group had a negative net margin of 13.32% and a negative return on equity of 6.83%. Bristow Group’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.34) EPS. Equities analysts predict that Bristow Group will post ($3.42) earnings per share for the current year.

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In related news, insider Jonathan Baliff purchased 6,500 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The shares were acquired at an average price of $7.70 per share, for a total transaction of $50,050.00. Following the purchase, the insider now owns 67,344 shares in the company, valued at $518,548.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 10.00% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in BRS. Public Employees Retirement System of Ohio grew its position in shares of Bristow Group by 54.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 8,724 shares of the oil and gas company’s stock worth $100,000 after purchasing an additional 3,072 shares in the last quarter. Louisiana State Employees Retirement System grew its position in shares of Bristow Group by 0.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 13,100 shares of the oil and gas company’s stock worth $100,000 after purchasing an additional 100 shares in the last quarter. Winslow Asset Management Inc. grew its position in shares of Bristow Group by 7.4% during the 2nd quarter. Winslow Asset Management Inc. now owns 13,075 shares of the oil and gas company’s stock worth $100,000 after purchasing an additional 900 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Bristow Group by 87.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 14,117 shares of the oil and gas company’s stock worth $108,000 after purchasing an additional 6,604 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its position in shares of Bristow Group by 1.2% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 7,750 shares of the oil and gas company’s stock worth $109,000 after purchasing an additional 90 shares in the last quarter.

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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Analyst Recommendations for Bristow Group (NYSE:BRS)

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