Bristow Group Inc (NYSE:BRS) has been assigned a $7.00 price objective by equities researchers at Cowen and Company in a research report issued to clients and investors on Friday, October 6th. The firm currently has a “hold” rating on the oil and gas company’s stock. Cowen and Company’s price objective would indicate a potential downside of 23.41% from the company’s current price.
A number of other research firms also recently weighed in on BRS. Zacks Investment Research downgraded Bristow Group from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. ValuEngine raised Bristow Group from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. BidaskClub raised Bristow Group from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Finally, Barclays PLC reaffirmed a “hold” rating and set a $10.00 price objective on shares of Bristow Group in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. Bristow Group presently has a consensus rating of “Hold” and an average target price of $12.60.
Bristow Group (NYSE BRS) opened at 9.14 on Friday. Bristow Group has a one year low of $6.21 and a one year high of $21.88. The firm’s market capitalization is $322.89 million. The company has a 50 day moving average price of $9.36 and a 200-day moving average price of $9.57.
Bristow Group (NYSE:BRS) last posted its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($0.83) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($1.11) by $0.28. The company had revenue of $352.10 million for the quarter, compared to the consensus estimate of $299.93 million. Bristow Group had a negative return on equity of 6.83% and a negative net margin of 13.32%. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.34) EPS. On average, equities analysts predict that Bristow Group will post ($3.44) EPS for the current year.
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In other Bristow Group news, insider Jonathan Baliff acquired 6,500 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The shares were acquired at an average price of $7.70 per share, with a total value of $50,050.00. Following the purchase, the insider now owns 67,344 shares of the company’s stock, valued at approximately $518,548.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 10.00% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new position in Bristow Group during the 1st quarter worth about $249,000. ING Groep NV increased its holdings in Bristow Group by 100.0% during the 2nd quarter. ING Groep NV now owns 320,000 shares of the oil and gas company’s stock worth $2,448,000 after purchasing an additional 160,000 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Bristow Group by 14.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 483,993 shares of the oil and gas company’s stock worth $7,362,000 after purchasing an additional 61,868 shares in the last quarter. South Dakota Investment Council increased its holdings in Bristow Group by 93.3% during the 2nd quarter. South Dakota Investment Council now owns 459,936 shares of the oil and gas company’s stock worth $3,519,000 after purchasing an additional 222,000 shares in the last quarter. Finally, UBS Asset Management Americas Inc. bought a new position in Bristow Group during the 1st quarter worth about $221,000.
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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