Shares of Bristow Group Inc (NYSE:BRS) shot up 10.4% on Monday after Credit Suisse Group raised their price target on the stock from $8.00 to $14.00. Credit Suisse Group currently has a neutral rating on the stock. Bristow Group traded as high as $15.74 and last traded at $15.60. 1,278,673 shares traded hands during trading, an increase of 86% from the average session volume of 688,992 shares. The stock had previously closed at $14.13.

Other analysts have also recently issued reports about the stock. Barclays increased their target price on shares of Bristow Group from $10.00 to $16.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 14th. Zacks Investment Research raised shares of Bristow Group from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Monday, December 11th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Bristow Group currently has a consensus rating of “Hold” and a consensus price target of $13.25.

In other news, insider Jonathan Baliff acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were acquired at an average price of $14.84 per share, with a total value of $29,680.00. Following the acquisition, the insider now directly owns 69,344 shares in the company, valued at $1,029,064.96. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 10.00% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in shares of Bristow Group by 1.9% in the 4th quarter. BlackRock Inc. now owns 4,117,403 shares of the oil and gas company’s stock worth $55,462,000 after acquiring an additional 75,408 shares during the period. Rhumbline Advisers increased its holdings in shares of Bristow Group by 10.2% in the 4th quarter. Rhumbline Advisers now owns 76,991 shares of the oil and gas company’s stock worth $1,037,000 after acquiring an additional 7,137 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Bristow Group in the 4th quarter worth about $146,000. Arizona State Retirement System increased its holdings in shares of Bristow Group by 224.0% in the 4th quarter. Arizona State Retirement System now owns 54,089 shares of the oil and gas company’s stock worth $729,000 after acquiring an additional 37,396 shares during the period. Finally, Engineers Gate Manager LP acquired a new stake in shares of Bristow Group in the 4th quarter worth about $851,000.

The company has a market cap of $551.70, a P/E ratio of -3.18 and a beta of 3.15. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.09 and a current ratio of 1.45.

Bristow Group (NYSE:BRS) last released its earnings results on Thursday, February 8th. The oil and gas company reported ($0.52) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.65) by $0.13. The firm had revenue of $345.53 million for the quarter, compared to analysts’ expectations of $354.10 million. Bristow Group had a negative net margin of 12.13% and a negative return on equity of 7.91%. Bristow Group’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.29) EPS. research analysts forecast that Bristow Group Inc will post -3.34 EPS for the current year.

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About Bristow Group

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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