Bristow Group Inc (BRS) Forecasted to Post Q4 2018 Earnings of ($0.76) Per Share
Bristow Group Inc (NYSE:BRS) – Equities research analysts at Capital One Financial Corporation increased their Q4 2018 earnings per share (EPS) estimates for shares of Bristow Group in a report issued on Monday. Capital One Financial Corporation analyst J. Gibney now anticipates that the oil and gas company will earn ($0.76) per share for the quarter, up from their previous forecast of ($0.86).
A number of other brokerages have also commented on BRS. Zacks Investment Research lowered Bristow Group from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Cowen and Company set a $7.00 price objective on Bristow Group and gave the company a “hold” rating in a report on Friday, October 6th. ValuEngine raised Bristow Group from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. BidaskClub raised Bristow Group from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Finally, Barclays PLC reaffirmed a “hold” rating and issued a $10.00 price objective on shares of Bristow Group in a report on Friday, August 11th. One investment 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’s stock. The company currently has an average rating of “Hold” and an average price target of $12.60.
Shares of Bristow Group (BRS) traded down 0.11% on Wednesday, reaching $9.49. The company had a trading volume of 182,571 shares. Bristow Group has a 52-week low of $6.21 and a 52-week high of $21.88. The firm’s market capitalization is $335.26 million. The company’s 50-day moving average price is $9.18 and its 200-day moving average price is $9.74.
Bristow Group (NYSE:BRS) last issued its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.83) EPS for the quarter, topping the consensus estimate of ($1.11) by $0.28. The firm had revenue of $352.10 million during the quarter, compared to analysts’ expectations of $299.93 million. Bristow Group had a negative return on equity of 6.83% and a negative net margin of 13.32%. Bristow Group’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period last year, the business earned ($0.34) earnings per share.
Large investors have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System lifted 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 valued at $100,000 after acquiring an additional 100 shares during the period. Winslow Asset Management Inc. lifted 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 valued at $100,000 after acquiring an additional 900 shares during the period. BNP Paribas Arbitrage SA lifted 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 valued at $108,000 after acquiring an additional 6,604 shares during the period. Public Employees Retirement System of Ohio lifted its position in shares of Bristow Group by 4.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 14,584 shares of the oil and gas company’s stock valued at $112,000 after acquiring an additional 634 shares during the period. Finally, Mason Street Advisors LLC lifted its position in shares of Bristow Group by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 7,468 shares of the oil and gas company’s stock valued at $114,000 after acquiring an additional 489 shares during the period.
In other news, insider Jonathan Baliff acquired 6,500 shares of the firm’s stock in a transaction on Friday, August 18th. The shares were purchased at an average cost of $7.70 per share, with a total value of $50,050.00. Following the acquisition, the insider now directly owns 67,344 shares in the company, valued at approximately $518,548.80. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 10.00% of the company’s stock.
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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