Bristow Group Inc (BRS) Receives Average Recommendation of “Hold” from Analysts
Shares of Bristow Group Inc (NYSE:BRS) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $13.25.
A number of research firms have weighed in on BRS. BidaskClub cut shares of Bristow Group from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Zacks Investment Research lowered Bristow Group from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. ValuEngine raised Bristow Group from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Finally, Barclays PLC reaffirmed a “hold” rating and issued a $10.00 price target on shares of Bristow Group in a report on Friday, August 11th.
Shares of Bristow Group (NYSE:BRS) opened at 9.51 on Wednesday. The stock’s 50 day moving average is $8.89 and its 200 day moving average is $9.90. The company’s market capitalization is $335.96 million. Bristow Group has a 12 month low of $6.21 and a 12 month high of $21.88.
Bristow Group (NYSE:BRS) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported ($0.83) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.11) by $0.28. The business had revenue of $352.10 million for the quarter, compared to analyst estimates of $299.93 million. Bristow Group had a negative return on equity of 6.83% and a negative net margin of 13.32%. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.34) EPS. On average, equities analysts predict that Bristow Group will post ($3.42) EPS for the current fiscal year.
In related news, insider Jonathan Baliff purchased 6,500 shares of Bristow Group stock in a transaction that occurred on Friday, August 18th. The stock was purchased at an average price of $7.70 per share, for a total transaction of $50,050.00. Following the transaction, the insider now directly owns 67,344 shares in the company, valued at $518,548.80. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 10.00% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of BRS. Boston Partners boosted its holdings in Bristow Group by 112.2% in the 2nd quarter. Boston Partners now owns 1,818,857 shares of the oil and gas company’s stock worth $13,914,000 after buying an additional 961,730 shares during the last quarter. Mackenzie Financial Corp purchased a new position in shares of Bristow Group in the first quarter valued at approximately $6,242,000. State Street Corp lifted its position in shares of 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 valued at $21,594,000 after acquiring an additional 324,214 shares in the last quarter. D.A. Davidson & CO. lifted its position in shares of Bristow Group by 109.2% in the second quarter. D.A. Davidson & CO. now owns 520,672 shares of the oil and gas company’s stock valued at $3,983,000 after acquiring an additional 271,810 shares in the last quarter. Finally, South Dakota Investment Council lifted its position in shares of Bristow Group by 93.3% in the second quarter. South Dakota Investment Council now owns 459,936 shares of the oil and gas company’s stock valued at $3,519,000 after acquiring an additional 222,000 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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