Bristow Group (BRS) Receiving Somewhat Positive News Coverage, Analysis Shows

Headlines about Bristow Group (NYSE:BRS) have trended somewhat positive on Saturday, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Bristow Group earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news stories about the oil and gas company an impact score of 45.1644627672074 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

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These are some of the media headlines that may have impacted Accern’s scoring:

BidaskClub Upgrades Bristow Group Inc (BRS) to Hold (americanbankingnews.com)
Bristow Group Inc. (NYSE:BRS) Traded Higher Than Its 50 Day Moving Average – First News 24 (firstnewspaper24.com)
Bristow Group Inc. (NYSE:BRS) Stock Closed 9.9% Above Its 50 Day Moving Average – Modern Readers (modernreaders.com)
Micron Technology, Inc. (MU) has a value of $30.45 per share While Bristow Group Inc. (BRS) is stand at $8.12 – Stocks Gallery (stocksgallery.com)
Putting Bristow Group Inc (BRS) Under the Microscope: Technicals Watch – FLBC News (flbcnews.com)

BRS has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Bristow Group from a “hold” rating to a “sell” rating in a report on Monday, May 29th. Cowen and Company downgraded 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. Barclays PLC restated a “hold” rating and set a $10.00 target price on shares of Bristow Group in a research report on Friday, August 11th. ValuEngine upgraded shares of Bristow Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 20th. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $10.00 price target on shares of Bristow Group in a research report on Sunday, May 28th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $15.00.

Shares of Bristow Group (NYSE BRS) opened at 8.57 on Friday. The firm’s 50-day moving average price is $7.45 and its 200 day moving average price is $11.21. Bristow Group has a one year low of $6.21 and a one year high of $21.88. The firm’s market cap is $302.75 million.

Bristow Group (NYSE:BRS) last released its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($0.83) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.11) by $0.28. Bristow Group had a negative return on equity of 6.83% and a negative net margin of 13.32%. The business had revenue of $352.10 million during the quarter, compared to analyst estimates of $299.93 million. During the same quarter in the previous year, the company posted ($0.34) earnings per share. Bristow Group’s revenue for the quarter was down 4.7% on a year-over-year basis. Analysts predict that Bristow Group will post ($3.44) EPS for the current year.

In other news, insider Jonathan Baliff bought 6,500 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The shares were bought at an average cost 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 of the company’s stock, valued at $518,548.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 10.00% of the company’s stock.

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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.