Bristow Group (NYSE:BRS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday. The brokerage currently has a $16.00 target price on the oil and gas company’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 12.44% from the stock’s previous close.

According to Zacks, “Bristow Group Inc. is a leading provider of helicopter services to the worldwide energy industry. Through its subsidiaries, affiliates and joint ventures, the Company has major transportation operations in the U.S. Gulf of Mexico and the North Sea, and in most of the other major offshore oil and gas producing regions of the world, including Alaska, Australia, Brazil, Mexico, Nigeria, Russia and Trinidad. Additionally, the Company is a leading provider of production management services for oil and gas production facilities in the U.S. Gulf of Mexico. “

A number of other equities analysts have also recently issued reports on the company. ValuEngine upgraded Bristow Group from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Barclays lifted their target price on Bristow Group from $10.00 to $16.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 14th. BidaskClub upgraded Bristow Group from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Finally, Cowen set a $7.00 target price on Bristow Group and gave the stock a “hold” rating in a research report on Friday, October 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $15.00.

Shares of Bristow Group (NYSE:BRS) traded up $0.02 during mid-day trading on Monday, hitting $14.23. The stock had a trading volume of 483,651 shares, compared to its average volume of 856,431. Bristow Group has a one year low of $6.21 and a one year high of $21.88. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.02 and a current ratio of 1.34.

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

In other Bristow Group news, insider Jonathan Baliff bought 2,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was acquired at an average price of $14.84 per share, with a total value of $29,680.00. Following the completion of the transaction, the insider now directly owns 69,344 shares in the company, valued at approximately $1,029,064.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 10.00% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BRS. Boston Partners boosted its position in Bristow Group by 332.3% during the fourth quarter. Boston Partners now owns 3,298,210 shares of the oil and gas company’s stock valued at $85,424,000 after purchasing an additional 2,535,283 shares during the last quarter. Ariel Investments LLC boosted its position in Bristow Group by 14.7% during the fourth quarter. Ariel Investments LLC now owns 7,905,737 shares of the oil and gas company’s stock valued at $204,759,000 after purchasing an additional 1,012,643 shares during the last quarter. Senvest Management LLC boosted its position in Bristow Group by 237.6% during the third quarter. Senvest Management LLC now owns 1,393,781 shares of the oil and gas company’s stock valued at $19,541,000 after purchasing an additional 980,946 shares during the last quarter. Prudential Financial Inc. boosted its position in Bristow Group by 171.8% during the first quarter. Prudential Financial Inc. now owns 1,159,606 shares of the oil and gas company’s stock valued at $21,940,000 after purchasing an additional 733,000 shares during the last quarter. Finally, Caledonia Investments boosted its position in Bristow Group by 37.7% during the fourth quarter. Caledonia Investments now owns 2,229,262 shares of the oil and gas company’s stock valued at $57,738,000 after purchasing an additional 610,533 shares during the last quarter.

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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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