Bristow Group (NYSE:BRS) Price Target Increased to $16.00 by Analysts at Barclays

Bristow Group (NYSE:BRS) had its price objective upped by investment analysts at Barclays from $10.00 to $16.00 in a research report issued on Tuesday, November 14th. The brokerage currently has an “equal weight” rating on the oil and gas company’s stock. Barclays’ price objective suggests a potential upside of 9.07% from the stock’s previous close.

Several other analysts also recently commented on BRS. BidaskClub raised shares of Bristow Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. ValuEngine raised shares of Bristow Group from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of Bristow Group from a “sell” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Wednesday, September 6th. Finally, Cowen set a $7.00 target price on shares of Bristow Group and gave the company a “hold” rating in a research note on Friday, October 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $13.80.

Bristow Group (NYSE BRS) traded up $0.11 during mid-day trading on Tuesday, hitting $14.67. 563,207 shares of the stock were exchanged, compared to its average volume of 1,036,047. Bristow Group has a twelve month low of $6.21 and a twelve month high of $21.88. 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 (NYSE:BRS) last announced its quarterly earnings data on Wednesday, November 8th. The oil and gas company reported ($0.33) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.95) by $0.62. The firm had revenue of $358.00 million for the quarter, compared to the consensus estimate of $345.87 million. Bristow Group had a negative net margin of 13.31% and a negative return on equity of 7.08%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.35) earnings per share. equities research analysts anticipate that Bristow Group will post -3.43 EPS for the current fiscal year.

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

Several institutional investors have recently made changes to their positions in BRS. Boston Partners increased its position in shares of Bristow Group by 112.2% during the 2nd quarter. Boston Partners now owns 1,818,857 shares of the oil and gas company’s stock worth $13,914,000 after purchasing an additional 961,730 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Bristow Group by 17,519.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 456,341 shares of the oil and gas company’s stock worth $4,303,000 after acquiring an additional 453,751 shares during the last quarter. State Street Corp boosted its stake in shares of Bristow Group by 29.6% in the 1st quarter. State Street Corp now owns 1,419,712 shares of the oil and gas company’s stock valued at $21,594,000 after purchasing an additional 324,214 shares during the last quarter. D.A. Davidson & CO. boosted its stake in shares of Bristow Group by 109.2% in the 2nd quarter. D.A. Davidson & CO. now owns 520,672 shares of the oil and gas company’s stock valued at $3,983,000 after purchasing an additional 271,810 shares during the last quarter. Finally, Investec Asset Management LTD bought a new position in shares of Bristow Group in the 3rd quarter valued at about $2,422,000.

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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.

Analyst Recommendations for Bristow Group (NYSE:BRS)

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