Bristow Group (NYSE:BRS) Raised to “Hold” at ValuEngine

Bristow Group (NYSE:BRS) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a report released on Monday, April 2nd.

A number of other research analysts also recently commented on BRS. 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 research report on Monday, December 11th. Credit Suisse Group raised their price target on shares of Bristow Group from $8.00 to $14.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Six research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and a consensus target price of $13.25.

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Shares of BRS traded up $0.21 during midday trading on Monday, hitting $15.50. The stock had a trading volume of 481,149 shares, compared to its average volume of 572,016. The company has a market cap of $537.73, a P/E ratio of -7.28 and a beta of 3.00. Bristow Group has a 1 year low of $6.21 and a 1 year high of $17.35. The company has a current ratio of 1.45, a quick ratio of 1.09 and a debt-to-equity ratio of 0.88.



Bristow Group (NYSE:BRS) last posted its quarterly earnings results on Thursday, February 8th. The oil and gas company reported ($0.52) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.65) by $0.13. The company had revenue of $345.53 million for the quarter, compared to the consensus estimate of $354.10 million. Bristow Group had a negative net margin of 12.13% and a negative return on equity of 7.91%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.29) EPS. analysts predict that Bristow Group will post -2.5 earnings per share for the current fiscal year.

In other Bristow Group news, CEO Jonathan Baliff purchased 3,900 shares of Bristow Group stock in a transaction on Thursday, March 15th. The stock was bought at an average cost of $12.97 per share, with a total value of $50,583.00. Following the transaction, the chief executive officer now owns 73,244 shares of the company’s stock, valued at approximately $949,974.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider L. Don Miller bought 2,000 shares of the business’s stock in a transaction dated Thursday, March 15th. The shares were purchased at an average cost of $12.58 per share, with a total value of $25,160.00. Following the completion of the acquisition, the insider now owns 14,199 shares in the company, valued at $178,623.42. The disclosure for this purchase can be found here. 10.00% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of BRS. The Manufacturers Life Insurance Company increased its holdings in Bristow Group by 6.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,466 shares of the oil and gas company’s stock worth $218,000 after acquiring an additional 1,737 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in Bristow Group by 44.2% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 20,360 shares of the oil and gas company’s stock worth $190,000 after acquiring an additional 6,243 shares in the last quarter. Rhumbline Advisers increased its holdings in 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 in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in Bristow Group in the 4th quarter worth $146,000. Finally, Geode Capital Management LLC increased its holdings in Bristow Group by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 264,583 shares of the oil and gas company’s stock worth $3,562,000 after acquiring an additional 11,179 shares in the last quarter.

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Bristow Group Company Profile

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 transportation 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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