Bristow Group (NYSE:BRS) posted its quarterly earnings results on Thursday. The oil and gas company reported ($0.78) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.69) by ($0.09), MarketWatch Earnings reports. The business had revenue of $334.70 million for the quarter, compared to analyst estimates of $349.80 million. Bristow Group had a negative return on equity of 6.36% and a negative net margin of 11.80%. The business’s revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.88) earnings per share.
BRS stock traded down $2.32 during trading on Friday, reaching $7.72. 3,997,500 shares of the stock were exchanged, compared to its average volume of 618,246. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.32 and a quick ratio of 1.94. Bristow Group has a 1 year low of $7.53 and a 1 year high of $18.91. The company has a market capitalization of $379.83 million, a PE ratio of -3.65 and a beta of 2.63.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Bristow Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 24th. Credit Suisse Group reduced their target price on shares of Bristow Group from $14.00 to $13.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 8th. Finally, ValuEngine raised shares of Bristow Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 4th.
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About Bristow Group
Bristow Group Inc provides industrial aviation services to the offshore energy companies in Europe Caspian, Africa, the Americas, and the Asia Pacific. The company offers helicopter charter services to transport personnel between onshore bases and offshore production platforms, drilling rigs, and other installations, as well as to transport time-sensitive equipment to these offshore locations.
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