Insider Buying: Bristow Group Inc (BRS) Insider Purchases 2,000 Shares of Stock

Bristow Group Inc (NYSE:BRS) insider Jonathan Baliff purchased 2,000 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was acquired at an average cost of $14.84 per share, for a total transaction of $29,680.00. Following the completion of the transaction, the insider now owns 69,344 shares in the company, valued at $1,029,064.96. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

Bristow Group Inc (BRS) traded up $0.11 on Friday, hitting $14.67. The stock had a trading volume of 563,207 shares, compared to its average volume of 867,513. The company has a current ratio of 1.34, a quick ratio of 1.02 and a debt-to-equity ratio of 0.97. Bristow Group Inc has a 1-year low of $6.21 and a 1-year high of $21.88.

Bristow Group (NYSE:BRS) last released its quarterly earnings data on Wednesday, November 8th. The oil and gas company reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.95) by $0.62. The business had revenue of $358.00 million for the quarter, compared to analysts’ expectations of $345.87 million. Bristow Group had a negative return on equity of 7.08% and a negative net margin of 13.31%. Bristow Group’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.35) earnings per share. research analysts predict that Bristow Group Inc will post -3.43 earnings per share for the current year.

Several research analysts have commented on BRS shares. Zacks Investment Research raised Bristow Group from a “sell” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Wednesday, September 6th. Barclays lifted their price target on Bristow Group from $10.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 14th. Cowen set a $7.00 price target on Bristow Group and gave the stock a “hold” rating in a research report on Friday, October 6th. BidaskClub raised Bristow Group from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Finally, ValuEngine raised Bristow Group from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. Bristow Group presently has an average rating of “Hold” and a consensus target price of $13.80.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Winslow Asset Management Inc. increased its position in shares of Bristow Group by 7.4% during the second quarter. Winslow Asset Management Inc. now owns 13,075 shares of the oil and gas company’s stock valued at $100,000 after purchasing an additional 900 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Bristow Group by 0.8% during the second quarter. Louisiana State Employees Retirement System now owns 13,100 shares of the oil and gas company’s stock valued at $100,000 after purchasing an additional 100 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of Bristow Group by 10.9% during the first quarter. Public Employees Retirement System of Ohio now owns 13,950 shares of the oil and gas company’s stock valued at $212,000 after purchasing an additional 1,373 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Bristow Group by 87.9% during the second quarter. BNP Paribas Arbitrage SA now owns 14,117 shares of the oil and gas company’s stock valued at $108,000 after purchasing an additional 6,604 shares during the period. Finally, UBS Asset Management Americas Inc. bought a new stake in shares of Bristow Group during the first quarter valued at approximately $221,000.

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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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