Bristow Group (NYSE:VTOL) Research Coverage Started at Jones Trading

Jones Trading initiated coverage on shares of Bristow Group (NYSE:VTOL) in a research note released on Friday morning,Benzinga reports. The brokerage issued a buy rating on the stock.

VTOL has been the topic of several other reports. Wall Street Zen upgraded Bristow Group from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Weiss Ratings reissued a “buy (b-)” rating on shares of Bristow Group in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Bristow Group presently has an average rating of “Buy”.

Bristow Group Stock Up 4.5%

VTOL stock opened at $43.74 on Friday. The stock has a market cap of $1.26 billion, a PE ratio of 9.15 and a beta of 1.39. The firm’s 50-day simple moving average is $37.86 and its 200 day simple moving average is $37.63. Bristow Group has a fifty-two week low of $25.11 and a fifty-two week high of $44.55. The company has a quick ratio of 1.53, a current ratio of 1.91 and a debt-to-equity ratio of 0.63.

Bristow Group (NYSE:VTOL) last posted its earnings results on Wednesday, November 5th. The company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.78. Bristow Group had a net margin of 9.71% and a return on equity of 14.83%. The firm had revenue of $386.29 million during the quarter, compared to analyst estimates of $400.00 million.

Insider Transactions at Bristow Group

In other Bristow Group news, Director Lorin L. Brass sold 2,500 shares of the company’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $38.00, for a total value of $95,000.00. Following the completion of the sale, the director directly owned 21,705 shares of the company’s stock, valued at approximately $824,790. This represents a 10.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Manzo sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $38.75, for a total transaction of $232,500.00. Following the transaction, the director owned 32,583 shares of the company’s stock, valued at approximately $1,262,591.25. This trade represents a 15.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 221,000 shares of company stock worth $8,417,775 over the last 90 days. 13.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Bristow Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in VTOL. Raymond James Financial Inc. acquired a new position in Bristow Group in the second quarter worth approximately $25,000. Strs Ohio bought a new stake in shares of Bristow Group during the 1st quarter worth $44,000. CWM LLC grew its holdings in shares of Bristow Group by 208.4% in the 2nd quarter. CWM LLC now owns 1,351 shares of the company’s stock worth $45,000 after acquiring an additional 913 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Bristow Group by 296.8% during the second quarter. Tower Research Capital LLC TRC now owns 2,508 shares of the company’s stock worth $83,000 after purchasing an additional 1,876 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of Bristow Group during the second quarter worth $90,000. 93.29% of the stock is owned by institutional investors and hedge funds.

Bristow Group Company Profile

Bristow Group Inc is a global provider of helicopter services to the offshore energy industry and search-and-rescue (SAR) operations worldwide. The company specializes in the safe and efficient transport of personnel, equipment and supplies to offshore oil and gas platforms, as well as emergency response and medevac services. Bristow’s operations support exploration, production and decommissioning activities, helping energy companies maintain continuity of production in some of the world’s most challenging environments.

The company maintains a diverse fleet of turbine-powered helicopters, including medium- and heavy-lift aircraft such as the Sikorsky S-92, Airbus H225 (formerly EC225) and Leonardo AW189.