Bristow Group (NYSE:BRS) was upgraded by research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research upgraded Bristow Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 24th. Credit Suisse Group cut their target price on Bristow Group from $14.00 to $13.00 and set a “neutral” rating for the company in a research report on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $13.25.

Shares of BRS stock traded down $0.15 during mid-day trading on Tuesday, reaching $10.81. The stock had a trading volume of 339,500 shares, compared to its average volume of 638,667. The company has a current ratio of 2.32, a quick ratio of 1.94 and a debt-to-equity ratio of 1.25. Bristow Group has a one year low of $8.22 and a one year high of $18.91. The company has a market capitalization of $391.99 million, a P/E ratio of -5.08 and a beta of 2.93.

Bristow Group (NYSE:BRS) last announced its quarterly earnings data on Thursday, August 2nd. The oil and gas company reported ($0.82) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.64) by ($0.18). Bristow Group had a negative return on equity of 6.36% and a negative net margin of 11.80%. The firm had revenue of $367.90 million during the quarter, compared to the consensus estimate of $348.80 million. During the same quarter in the prior year, the business posted ($0.83) EPS. Bristow Group’s revenue was up 4.5% compared to the same quarter last year. sell-side analysts predict that Bristow Group will post -2.8 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of BRS. FMR LLC lifted its position in shares of Bristow Group by 266.4% during the 2nd quarter. FMR LLC now owns 2,234,186 shares of the oil and gas company’s stock worth $31,524,000 after buying an additional 1,624,488 shares during the period. Prudential Financial Inc. lifted its position in shares of Bristow Group by 661.4% during the 1st quarter. Prudential Financial Inc. now owns 607,187 shares of the oil and gas company’s stock worth $7,894,000 after buying an additional 527,444 shares during the period. Millennium Management LLC lifted its position in shares of Bristow Group by 2,105.8% during the 1st quarter. Millennium Management LLC now owns 380,840 shares of the oil and gas company’s stock worth $4,951,000 after buying an additional 363,575 shares during the period. AMS Capital Ltda bought a new position in shares of Bristow Group during the 2nd quarter worth approximately $4,836,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Bristow Group by 14.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,540,142 shares of the oil and gas company’s stock worth $33,022,000 after buying an additional 315,302 shares during the period.

About Bristow Group

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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