An issue of Bristow Group Inc (NYSE:BRS) bonds fell 1.5% against their face value during trading on Friday. The high-yield debt issue has a 6.25% coupon and is set to mature on October 15, 2022. The debt is now trading at $45.25 and was trading at $50.00 one week ago. Price moves in a company’s bonds in credit markets often predict parallel moves in its stock price.

A number of research firms have commented on BRS. ValuEngine lowered Bristow Group from a “buy” rating to a “hold” rating in a report on Saturday, November 10th. Zacks Investment Research raised Bristow Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 3rd. Finally, Credit Suisse Group reduced their target price on Bristow Group from $13.00 to $10.00 and set a “hold” rating for the company in a report on Wednesday, November 14th.

Shares of Bristow Group stock traded down $0.05 on Friday, reaching $3.59. The company’s stock had a trading volume of 966,405 shares, compared to its average volume of 713,928. The firm has a market cap of $142.84 million, a price-to-earnings ratio of -1.69 and a beta of 2.50. Bristow Group Inc has a 52 week low of $3.53 and a 52 week high of $18.91. The company has a current ratio of 2.21, a quick ratio of 1.85 and a debt-to-equity ratio of 1.43.

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

Several institutional investors have recently bought and sold shares of BRS. Piedmont Investment Advisors LLC bought a new stake in shares of Bristow Group in the 2nd quarter worth $106,000. Alpine Woods Capital Investors LLC bought a new stake in shares of Bristow Group in the 2nd quarter worth $111,000. Schneider Capital Management Corp bought a new stake in shares of Bristow Group in the 3rd quarter worth $133,000. Eqis Capital Management Inc. bought a new stake in shares of Bristow Group in the 2nd quarter worth $200,000. Finally, Trexquant Investment LP bought a new stake in shares of Bristow Group in the 2nd quarter worth $206,000.

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Bristow Group Company Profile (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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