Bristow Group Inc (BRS) Bonds Trading 1.5% Higher
An issue of Bristow Group Inc (NYSE:BRS) bonds rose 1.5% as a percentage of their face value during trading on Monday. The debt issue has a 6.25% coupon and will mature on October 15, 2022. The bonds in the issue are now trading at $82.00 and were trading at $81.50 one week ago. Price moves in a company’s bonds in credit markets sometimes predict parallel moves in its share price.
A number of equities research analysts have weighed in on BRS shares. Zacks Investment Research upgraded 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 note on Wednesday, September 6th. Cowen and Company set a $7.00 price objective 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 price objective 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 investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $13.80.
Shares of Bristow Group Inc (BRS) traded up $0.11 during mid-day trading on Wednesday, hitting $14.73. 485,400 shares of the stock were exchanged, compared to its average volume of 874,839. Bristow Group Inc has a 12-month low of $6.21 and a 12-month high of $21.88. The company has a quick ratio of 1.02, a current ratio of 1.34 and a debt-to-equity ratio of 0.97.
Bristow Group (NYSE:BRS) last issued its quarterly earnings data on Wednesday, November 8th. The oil and gas company reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.95) by $0.62. The firm had revenue of $358.00 million during the quarter, compared to the consensus estimate of $345.87 million. Bristow Group had a negative net margin of 13.31% and a negative return on equity of 7.08%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.35) EPS. sell-side analysts forecast that Bristow Group Inc will post -3.43 earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the stock. Winslow Asset Management Inc. boosted its holdings in Bristow Group by 7.4% in the 2nd quarter. Winslow Asset Management Inc. now owns 13,075 shares of the oil and gas company’s stock worth $100,000 after buying an additional 900 shares during the period. Louisiana State Employees Retirement System boosted its holdings in 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 worth $100,000 after buying an additional 100 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in Bristow Group by 10.9% in the 1st quarter. Public Employees Retirement System of Ohio now owns 13,950 shares of the oil and gas company’s stock worth $212,000 after buying an additional 1,373 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in Bristow Group by 87.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 14,117 shares of the oil and gas company’s stock worth $108,000 after buying an additional 6,604 shares during the period. Finally, UBS Asset Management Americas Inc. bought a new position in Bristow Group in the 1st quarter worth $221,000.
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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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