Brokerages Set Bristow Group Inc (BRS) PT at $14.75

Bristow Group Inc (NYSE:BRS) has been assigned an average rating of “Hold” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $11.00.

A number of research firms have issued reports on BRS. Zacks Investment Research lowered Bristow Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Barclays increased their price target on Bristow Group from $10.00 to $16.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 14th.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Shell Asset Management Co. acquired a new stake in shares of Bristow Group during the 3rd quarter worth about $976,000. Public Employees Retirement System of Ohio raised its position in shares of Bristow Group by 4.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 14,584 shares of the oil and gas company’s stock worth $112,000 after acquiring an additional 634 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of Bristow Group during the 2nd quarter worth about $126,000. Voya Investment Management LLC raised its position in shares of Bristow Group by 21.9% during the 2nd quarter. Voya Investment Management LLC now owns 16,965 shares of the oil and gas company’s stock worth $130,000 after acquiring an additional 3,043 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Bristow Group during the 3rd quarter worth about $167,000.

Bristow Group (BRS) traded up $0.24 during mid-day trading on Tuesday, reaching $14.48. The company’s stock had a trading volume of 773,052 shares, compared to its average volume of 643,153. The company has a quick ratio of 1.02, a current ratio of 1.34 and a debt-to-equity ratio of 0.97. The firm has a market cap of $503.60, a price-to-earnings ratio of -2.75 and a beta of 3.15. Bristow Group has a 52 week low of $6.21 and a 52 week high of $18.27.

Bristow Group (NYSE:BRS) last posted its quarterly earnings results on Thursday, February 8th. The oil and gas company reported ($0.52) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.65) by $0.13. The company had revenue of $345.53 million for the quarter, compared to analyst estimates of $354.10 million. Bristow Group had a negative return on equity of 7.08% and a negative net margin of 13.31%. Bristow Group’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.29) EPS. equities analysts anticipate that Bristow Group will post -3.34 earnings per share for the current fiscal year.

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About Bristow Group

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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