Bristow Group Inc (NYSE:BRS) traded down 8.5% during mid-day trading on Monday . The stock traded as low as $1.03 and last traded at $1.07. 1,462,044 shares traded hands during trading, a decline of 26% from the average session volume of 1,971,387 shares. The stock had previously closed at $1.17.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Bristow Group from a “hold” rating to a “sell” rating in a research note on Monday, April 1st. ValuEngine lowered shares of Bristow Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st.

The firm has a market capitalization of $38.30 million, a P/E ratio of -0.27 and a beta of 2.72. 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 released its quarterly earnings data on Monday, February 11th. The oil and gas company reported ($0.57) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.59) by $0.02. The company had revenue of $331.33 million during the quarter, compared to the consensus estimate of $352.70 million. Bristow Group had a negative net margin of 25.79% and a negative return on equity of 8.62%. During the same period last year, the firm earned ($0.52) EPS. On average, equities analysts predict that Bristow Group Inc will post -4 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BRS. Mackenzie Financial Corp boosted its holdings in Bristow Group by 129.6% in the 4th quarter. Mackenzie Financial Corp now owns 6,561,746 shares of the oil and gas company’s stock worth $15,945,000 after buying an additional 3,703,375 shares during the period. Coltrane Asset Management L.P. bought a new position in Bristow Group in the 4th quarter valued at $8,463,000. FMR LLC boosted its holdings in Bristow Group by 51.9% in the 3rd 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. BlackRock Inc. boosted its holdings in Bristow Group by 14.4% in the 3rd 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. Finally, First Manhattan Co. boosted its holdings in Bristow Group by 5,386.4% in the 4th quarter. First Manhattan Co. now owns 485,550 shares of the oil and gas company’s stock valued at $1,179,000 after purchasing an additional 476,700 shares during the period.

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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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