BidaskClub lowered shares of Bristow Group Inc (NYSE:BRS) from a hold rating to a sell rating in a report released on Friday.

Other analysts have also issued reports about the stock. Barclays PLC set a $13.00 target price on shares of Bristow Group and gave the company a hold rating in a research report on Friday, May 26th. Credit Suisse Group restated a hold rating and set a $10.00 target price on shares of Bristow Group in a research report on Sunday, May 28th. ValuEngine upgraded shares of Bristow Group from a strong sell rating to a sell rating in a research report on Saturday, May 20th. Zacks Investment Research upgraded shares of Bristow Group from a sell rating to a hold rating in a research report on Monday, May 15th. Finally, Cowen and Company lowered shares of Bristow Group from an outperform rating to a market perform rating and cut their target price for the company from $14.00 to $7.00 in a research report on Friday, May 26th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Bristow Group has a consensus rating of Hold and a consensus price target of $15.60.

Bristow Group (NYSE:BRS) opened at 7.37 on Friday. The company has a 50-day moving average of $7.22 and a 200 day moving average of $12.56. The company’s market capitalization is $259.55 million. Bristow Group has a 12-month low of $6.21 and a 12-month high of $21.88.

Bristow Group (NYSE:BRS) last released its quarterly earnings data on Tuesday, May 23rd. The oil and gas company reported ($1.15) earnings per share for the quarter, missing the consensus estimate of ($0.48) by $0.67. Bristow Group had a negative net margin of 12.12% and a negative return on equity of 5.34%. The company had revenue of $323.70 million for the quarter, compared to analysts’ expectations of $327.92 million. During the same period in the previous year, the firm earned $0.13 earnings per share. The firm’s revenue for the quarter was down 13.7% on a year-over-year basis. Equities research analysts forecast that Bristow Group will post ($3.69) earnings per share for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in the stock. Louisiana State Employees Retirement System raised its stake in shares of Bristow Group by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 13,100 shares of the oil and gas company’s stock valued at $100,000 after buying an additional 100 shares during the period. Suntrust Banks Inc. raised its position in Bristow Group by 0.5% in the first quarter. Suntrust Banks Inc. now owns 38,926 shares of the oil and gas company’s stock worth $591,000 after buying an additional 175 shares during the last quarter. Arizona State Retirement System raised its position in Bristow Group by 1.2% in the first quarter. Arizona State Retirement System now owns 16,593 shares of the oil and gas company’s stock worth $252,000 after buying an additional 200 shares during the last quarter. Texas Permanent School Fund raised its position in Bristow Group by 1.2% in the second quarter. Texas Permanent School Fund now owns 23,399 shares of the oil and gas company’s stock worth $179,000 after buying an additional 276 shares during the last quarter. Finally, Capstone Asset Management Co. raised its position in Bristow Group by 2.4% in the second quarter. Capstone Asset Management Co. now owns 17,796 shares of the oil and gas company’s stock worth $136,000 after buying an additional 410 shares during the last quarter.

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.

Analyst Recommendations for Bristow Group (NYSE:BRS)

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