An issue of Bristow Group Inc (NYSE:BRS) bonds rose 1.5% as a percentage of their face value during trading on Tuesday. The debt issue has a 6.25% coupon and is set to mature on October 15, 2022. The debt is now trading at $82.00 and was trading at $81.50 last week. Price changes in a company’s bonds in credit markets often anticipate parallel changes in its stock price.

BRS has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Bristow Group from a “sell” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Wednesday, September 6th. Cowen and Company set a $7.00 target price on shares of Bristow Group and gave the company a “hold” rating in a research report on Friday, October 6th. BidaskClub raised shares of Bristow Group from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Barclays PLC reissued a “hold” rating and set a $10.00 target price on shares of Bristow Group in a research report on Friday, August 11th. Finally, ValuEngine raised shares of Bristow Group from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $13.80.

Bristow Group Inc (NYSE:BRS) traded up $0.11 during midday trading on Tuesday, hitting $14.73. 485,435 shares of the company’s stock were exchanged, compared to its average volume of 874,839. Bristow Group Inc has a fifty-two week low of $6.21 and a fifty-two week high of $21.88. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.34 and a quick ratio of 1.02.

Bristow Group (NYSE:BRS) last posted its quarterly earnings results on Wednesday, November 8th. The oil and gas company reported ($0.33) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.95) by $0.62. The business had revenue of $358.00 million during the quarter, compared to analysts’ expectations of $345.87 million. Bristow Group had a negative net margin of 13.31% and a negative return on equity of 7.08%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company posted ($0.35) earnings per share. equities analysts anticipate that Bristow Group Inc will post -3.43 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of BRS. UBS Asset Management Americas Inc. purchased a new position in shares of Bristow Group in the first quarter worth $221,000. FMR LLC raised its holdings in shares of Bristow Group by 24.6% in the first quarter. FMR LLC now owns 567,300 shares of the oil and gas company’s stock worth $8,629,000 after buying an additional 112,000 shares during the last quarter. Teachers Advisors LLC raised its holdings in shares of Bristow Group by 1.2% in the first quarter. Teachers Advisors LLC now owns 86,008 shares of the oil and gas company’s stock worth $1,308,000 after buying an additional 994 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Bristow Group by 2.6% in the first quarter. Vanguard Group Inc. now owns 2,427,238 shares of the oil and gas company’s stock worth $36,918,000 after acquiring an additional 62,466 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Bristow Group by 2.1% in the first quarter. Geode Capital Management LLC now owns 244,171 shares of the oil and gas company’s stock worth $3,713,000 after acquiring an additional 4,983 shares during the period.

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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.

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