Bristow Group Inc (NYSE:BRS)’s share price fell 6.3% during trading on Friday . The company traded as low as $9.29 and last traded at $9.34. 876,075 shares changed hands during mid-day trading, a decline of 7% from the average session volume of 937,712 shares. The stock had previously closed at $9.97.

Several equities analysts have issued reports on BRS shares. Barclays PLC reaffirmed a “hold” rating and issued a $10.00 price target on shares of Bristow Group in a report on Friday, August 11th. Zacks Investment Research lowered shares of Bristow Group from a “buy” rating to a “hold” rating in a report on Friday, September 15th. BidaskClub raised shares of Bristow Group from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Credit Suisse Group reaffirmed a “hold” rating and issued a $10.00 price target on shares of Bristow Group in a report on Sunday, May 28th. Finally, ValuEngine raised shares of Bristow Group from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $12.60.

The stock’s market cap is $329.95 million. The stock has a 50-day moving average of $8.27 and a 200-day moving average of $10.21.

Bristow Group (NYSE:BRS) last announced its quarterly earnings data 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. Bristow Group had a negative net margin of 13.32% and a negative return on equity of 6.83%. The business had revenue of $352.10 million for the quarter, compared to analyst estimates of $299.93 million. During the same period last year, the business earned ($0.34) EPS. The company’s revenue was down 4.7% on a year-over-year basis. On average, equities research analysts anticipate that Bristow Group Inc will post ($3.42) EPS for the current fiscal year.

In other news, insider Jonathan Baliff acquired 6,500 shares of Bristow Group stock in a transaction dated Friday, August 18th. The shares were acquired at an average cost of $7.70 per share, for a total transaction of $50,050.00. Following the acquisition, the insider now owns 67,344 shares of the company’s stock, valued at $518,548.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 10.00% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in BRS. Louisiana State Employees Retirement System raised its holdings in shares of Bristow Group by 0.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 13,100 shares of the oil and gas company’s stock valued at $100,000 after purchasing an additional 100 shares in the last quarter. Winslow Asset Management Inc. raised its stake in Bristow Group by 7.4% during the 2nd quarter. Winslow Asset Management Inc. now owns 13,075 shares of the oil and gas company’s stock worth $100,000 after acquiring an additional 900 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Bristow Group by 87.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 14,117 shares of the oil and gas company’s stock worth $108,000 after acquiring an additional 6,604 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in 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. Finally, Mason Street Advisors LLC raised its stake in Bristow Group by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 7,468 shares of the oil and gas company’s stock worth $114,000 after acquiring an additional 489 shares in the last quarter.

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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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