Bristow Group (NYSE:BRS) posted its earnings results on Monday. The oil and gas company reported ($0.57) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.59) by $0.02, Fidelity Earnings reports. Bristow Group had a negative return on equity of 8.16% and a negative net margin of 19.86%. During the same quarter last year, the firm posted ($0.52) earnings per share.
BRS stock opened at $3.06 on Tuesday. Bristow Group has a fifty-two week low of $1.94 and a fifty-two week high of $18.91. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.85 and a current ratio of 2.21. The stock has a market capitalization of $103.82 million, a price-to-earnings ratio of -1.44 and a beta of 2.99.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc raised its stake in Bristow Group by 6.2% during the 3rd quarter. Vanguard Group Inc now owns 1,726,332 shares of the oil and gas company’s stock valued at $20,940,000 after purchasing an additional 101,123 shares during the period. Renaissance Technologies LLC boosted its holdings in Bristow Group by 143.4% during the 3rd quarter. Renaissance Technologies LLC now owns 796,900 shares of the oil and gas company’s stock valued at $9,666,000 after acquiring an additional 469,500 shares during the period. Pzena Investment Management LLC purchased a new position in Bristow Group during the 3rd quarter valued at $1,202,000. Ontario Teachers Pension Plan Board bought a new stake in Bristow Group during the 3rd quarter valued at $448,000. Finally, Dimensional Fund Advisors LP raised its position in Bristow Group by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,819,821 shares of the oil and gas company’s stock valued at $34,204,000 after purchasing an additional 21,453 shares in the last quarter.
BRS has been the subject of several research reports. Credit Suisse Group cut their target price on Bristow Group from $13.00 to $10.00 and set a “hold” rating for the company in a research note on Wednesday, November 14th. ValuEngine upgraded Bristow Group from a “sell” rating to a “hold” rating in a report on Thursday, January 24th.
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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