Cowen and Company Reiterates $7.00 Price Target for Bristow Group Inc (BRS)
A number of other research firms also recently commented on BRS. BidaskClub upgraded Bristow Group from a sell rating to a hold rating in a research report on Friday, August 25th. Barclays PLC reiterated a hold rating and set a $10.00 target price on shares of Bristow Group in a research report on Friday, August 11th. ValuEngine upgraded Bristow Group from a strong sell rating to a sell rating in a research report on Friday, September 1st. Finally, Zacks Investment Research downgraded Bristow Group from a buy rating to a hold rating in a research report on Friday, September 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Bristow Group has a consensus rating of Hold and a consensus target price of $12.60.
Shares of Bristow Group (BRS) opened at 9.54 on Friday. The company’s market capitalization is $337.02 million. Bristow Group has a one year low of $6.21 and a one year high of $21.88. The stock has a 50 day moving average of $9.12 and a 200-day moving average of $9.77.
Bristow Group (NYSE:BRS) last posted its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.83) EPS for the quarter, beating analysts’ consensus estimates of ($1.11) by $0.28. The firm had revenue of $352.10 million during 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 company’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.34) EPS. On average, equities analysts expect that Bristow Group will post ($3.42) earnings per share for the current year.
In related news, insider Jonathan Baliff purchased 6,500 shares of the stock in a transaction that occurred on Friday, August 18th. The stock was bought at an average cost of $7.70 per share, for a total transaction of $50,050.00. Following the completion of the transaction, the insider now directly owns 67,344 shares in the company, valued at $518,548.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 10.00% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of BRS. Boston Partners lifted its position in Bristow Group by 112.2% in the second quarter. Boston Partners now owns 1,818,857 shares of the oil and gas company’s stock worth $13,914,000 after buying an additional 961,730 shares during the last quarter. Mackenzie Financial Corp bought a new stake in Bristow Group in the first quarter worth $6,242,000. State Street Corp lifted its position in Bristow Group by 29.6% in the first quarter. State Street Corp now owns 1,419,712 shares of the oil and gas company’s stock worth $21,594,000 after buying an additional 324,214 shares during the last quarter. D.A. Davidson & CO. lifted its position in Bristow Group by 109.2% in the second quarter. D.A. Davidson & CO. now owns 520,672 shares of the oil and gas company’s stock worth $3,983,000 after buying an additional 271,810 shares during the last quarter. Finally, South Dakota Investment Council lifted its position in Bristow Group by 93.3% in the second quarter. South Dakota Investment Council now owns 459,936 shares of the oil and gas company’s stock worth $3,519,000 after buying an additional 222,000 shares during the last quarter.
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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