An issue of Bristow Group Inc (NYSE:BRS) bonds fell 2.5% as a percentage of their face value during trading on Wednesday after Credit Suisse Group lowered their price target on the stock from $13.00 to $10.00. The high-yield debt issue has a 6.25% coupon and is set to mature on October 15, 2022. The bonds in the issue are now trading at $65.50. Price changes in a company’s bonds in credit markets sometimes anticipate parallel changes in its share price.

Several other equities analysts have also weighed in on the stock. ValuEngine raised shares of Bristow Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 4th. Zacks Investment Research raised shares of Bristow Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 3rd.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Bristow Group by 14.4% in the third quarter. BlackRock Inc. now owns 5,035,060 shares of the oil and gas company’s stock valued at $61,075,000 after purchasing an additional 633,452 shares during the period. FMR LLC raised its position in shares of Bristow Group by 51.9% in the third quarter. FMR LLC now owns 3,393,186 shares of the oil and gas company’s stock valued at $41,160,000 after purchasing an additional 1,159,000 shares during the period. Mackenzie Financial Corp raised its position in shares of Bristow Group by 72.9% in the third quarter. Mackenzie Financial Corp now owns 2,858,371 shares of the oil and gas company’s stock valued at $34,672,000 after purchasing an additional 1,205,514 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Bristow Group by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 2,819,821 shares of the oil and gas company’s stock valued at $34,204,000 after purchasing an additional 21,453 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Bristow Group by 143.4% in the third quarter. Renaissance Technologies LLC now owns 796,900 shares of the oil and gas company’s stock valued at $9,666,000 after purchasing an additional 469,500 shares during the period.

The stock has a market cap of $282.55 million, a price-to-earnings ratio of -3.37 and a beta of 2.63. The company has a current ratio of 2.21, a quick ratio of 1.94 and a debt-to-equity ratio of 1.43.

Bristow Group (NYSE:BRS) last issued its quarterly earnings data on Friday, November 9th. The oil and gas company reported ($0.78) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.69) by ($0.09). The company had revenue of $334.70 million during the quarter, compared to the consensus estimate of $349.80 million. Bristow Group had a negative net margin of 19.86% and a negative return on equity of 8.16%. Bristow Group’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.88) earnings per share. On average, equities analysts anticipate that Bristow Group Inc will post -2.8 EPS for the current fiscal year.

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About Bristow Group (NYSE:BRS)

Bristow Group Inc provides industrial aviation services to the offshore energy companies in Europe Caspian, Africa, the Americas, and the Asia Pacific. The company offers helicopter charter services to transport personnel between onshore bases and offshore production platforms, drilling rigs, and other installations, as well as to transport time-sensitive equipment to these offshore locations.

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