Cowen and Company Analysts Give Bristow Group Inc (BRS) a $7.00 Price Target
Bristow Group Inc (NYSE:BRS) has been assigned a $7.00 price target by Cowen and Company in a research report issued to clients and investors on Friday. The firm presently has a “hold” rating on the oil and gas company’s stock. Cowen and Company’s price objective would indicate a potential downside of 25.85% from the company’s previous close.
A number of other brokerages have also recently commented on BRS. BidaskClub raised Bristow Group from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Barclays PLC restated a “hold” rating and issued a $10.00 price target on shares of Bristow Group in a research report on Friday, August 11th. ValuEngine upgraded Bristow Group from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research lowered Bristow Group from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Bristow Group presently has an average rating of “Hold” and an average price target of $12.60.
Bristow Group (NYSE BRS) traded down 1.26% during trading on Friday, reaching $9.44. The company’s stock had a trading volume of 398,051 shares. The stock has a 50-day moving average of $9.01 and a 200 day moving average of $9.89. Bristow Group has a one year low of $6.21 and a one year high of $21.88. The firm’s market capitalization is $333.49 million.
Bristow Group (NYSE:BRS) last announced its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.83) EPS for the quarter, beating analysts’ consensus estimates of ($1.11) by $0.28. Bristow Group had a negative return on equity of 6.83% and a negative net margin of 13.32%. The business had revenue of $352.10 million during the quarter, compared to analysts’ expectations of $299.93 million. During the same quarter in the prior year, the firm earned ($0.34) earnings per share. The business’s revenue was down 4.7% compared to the same quarter last year. On average, equities research 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 the company’s stock in a transaction dated Friday, August 18th. The stock was acquired at an average cost of $7.70 per share, for a total transaction of $50,050.00. Following the completion of the transaction, the insider now directly owns 67,344 shares of the company’s stock, valued at $518,548.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 10.00% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the stock. Louisiana State Employees Retirement System grew its position in Bristow Group by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 13,100 shares of the oil and gas company’s stock worth $100,000 after acquiring an additional 100 shares during the period. Winslow Asset Management Inc. grew its position in Bristow Group by 7.4% in the second quarter. Winslow Asset Management Inc. now owns 13,075 shares of the oil and gas company’s stock worth $100,000 after acquiring an additional 900 shares during the period. BNP Paribas Arbitrage SA grew its position in Bristow Group by 87.9% in the second quarter. BNP Paribas Arbitrage SA now owns 14,117 shares of the oil and gas company’s stock worth $108,000 after acquiring an additional 6,604 shares during the period. Public Employees Retirement System of Ohio grew its position in Bristow Group by 4.5% in the second quarter. Public Employees Retirement System of Ohio now owns 14,584 shares of the oil and gas company’s stock worth $112,000 after acquiring an additional 634 shares during the period. Finally, Mason Street Advisors LLC grew its position in Bristow Group by 7.0% in the first quarter. Mason Street Advisors LLC now owns 7,468 shares of the oil and gas company’s stock worth $114,000 after acquiring an additional 489 shares during the period.
Bristow Group Company Profile
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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