Bristow Group Inc (BRS) Given Average Rating of “Hold” by Brokerages
Bristow Group Inc (NYSE:BRS) has received a consensus rating of “Hold” from the eight research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $13.25.
A number of brokerages have issued reports on BRS. Zacks Investment Research lowered Bristow Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. Cowen and Company set a $7.00 target price on Bristow Group and gave the company a “hold” rating in a research report on Friday, October 6th. ValuEngine raised Bristow Group from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. BidaskClub raised Bristow Group from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Finally, Barclays PLC reissued a “hold” rating and issued a $10.00 target price on shares of Bristow Group in a research report on Friday, August 11th.
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In other Bristow Group news, insider Jonathan Baliff purchased 6,500 shares of the company’s stock in a transaction on Friday, August 18th. The stock was acquired at an average price of $7.70 per share, for a total transaction of $50,050.00. Following the completion of the purchase, the insider now directly owns 67,344 shares in the company, valued at approximately $518,548.80. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 10.00% of the company’s stock.
Several large investors have recently bought and sold shares of the business. Louisiana State Employees Retirement System grew its stake in shares of 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 in the last quarter. Arizona State Retirement System grew its stake in shares of Bristow Group by 0.6% in the second quarter. Arizona State Retirement System now owns 16,693 shares of the oil and gas company’s stock worth $128,000 after acquiring an additional 100 shares in the last quarter. Texas Permanent School Fund grew its stake in shares of Bristow Group by 1.2% in the second quarter. Texas Permanent School Fund now owns 23,399 shares of the oil and gas company’s stock worth $179,000 after acquiring an additional 276 shares in the last quarter. Capstone Asset Management Co. grew its stake in shares of Bristow Group by 2.4% in the second quarter. Capstone Asset Management Co. now owns 17,796 shares of the oil and gas company’s stock worth $136,000 after acquiring an additional 410 shares in the last quarter. Finally, Mason Street Advisors LLC grew its stake in shares of 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 in the last quarter.
Bristow Group (NYSE BRS) opened at 8.80 on Friday. Bristow Group has a 52 week low of $6.21 and a 52 week high of $21.88. The company’s market cap is $310.88 million. The company has a 50-day moving average price of $9.36 and a 200 day moving average price of $9.32.
Bristow Group (NYSE:BRS) last announced its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.83) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 6.83% and a negative net margin of 13.32%. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.34) earnings per share. On average, equities research analysts forecast that Bristow Group will post ($3.44) EPS for the current fiscal year.
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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