Bristow Group Inc (BRS) Given a $7.00 Price Target at Cowen and Company
Other equities analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Bristow Group from a sell rating to a buy rating and set a $10.00 price target for the company in a research report on Wednesday, September 6th. BidaskClub upgraded shares of Bristow Group from a sell rating to a hold rating in a research report on Wednesday, July 19th. Barclays PLC reiterated a hold rating and issued a $10.00 price target on shares of Bristow Group in a research report on Friday, August 11th. Finally, ValuEngine upgraded shares of Bristow Group from a strong sell rating to a sell rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. Bristow Group currently has a consensus rating of Hold and an average target price of $12.60.
Shares of Bristow Group (BRS) traded down 1.26% on Friday, reaching $9.44. 398,051 shares of the company’s stock traded hands. Bristow Group has a 52-week low of $6.21 and a 52-week high of $21.88. The firm’s 50-day moving average is $9.07 and its 200-day moving average is $9.86. The stock’s market cap is $333.49 million.
Bristow Group (NYSE:BRS) last posted its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($0.83) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.11) by $0.28. The business had revenue of $352.10 million during the quarter, compared to analyst estimates of $299.93 million. Bristow Group had a negative net margin of 13.32% and a negative return on equity of 6.83%. The company’s revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.34) earnings per share. Analysts anticipate that Bristow Group will post ($3.42) EPS for the current fiscal year.
In related news, insider Jonathan Baliff bought 6,500 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The stock was purchased at an average price of $7.70 per share, for a total transaction of $50,050.00. Following the completion of the transaction, the insider now owns 67,344 shares in the company, valued at $518,548.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 10.00% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Jane Street Group LLC bought a new position in shares of Bristow Group during the first quarter worth $249,000. ING Groep NV boosted its position in shares of Bristow Group by 100.0% during the second quarter. ING Groep NV now owns 320,000 shares of the oil and gas company’s stock worth $2,448,000 after acquiring an additional 160,000 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Bristow Group by 14.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 483,993 shares of the oil and gas company’s stock worth $7,362,000 after acquiring an additional 61,868 shares during the last quarter. South Dakota Investment Council boosted its position in shares of Bristow Group by 93.3% during the second quarter. South Dakota Investment Council now owns 459,936 shares of the oil and gas company’s stock worth $3,519,000 after acquiring an additional 222,000 shares during the last quarter. Finally, UBS Asset Management Americas Inc. bought a new position in shares of Bristow Group during the first quarter worth $221,000.
Bristow Group Company Profile
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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