Bristow Group Inc. (BRS) Trading Down 2.2%
Shares of Bristow Group Inc. (NYSE:BRS) traded down 2.2% during trading on Tuesday . The company traded as low as $11.60 and last traded at $11.77, with a volume of 466,648 shares. The stock had previously closed at $12.03.
A number of analysts have recently commented on the company. Zacks Investment Research upgraded Bristow Group from a “sell” rating to a “hold” rating in a report on Monday, April 18th. Barclays PLC upgraded Bristow Group from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $22.00 to $20.00 in a report on Monday, June 6th. Finally, Credit Suisse Group AG reiterated a “hold” rating and issued a $15.00 price target on shares of Bristow Group in a report on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $22.40.
The firm’s 50-day moving average price is $11.99 and its 200-day moving average price is $16.13. The stock’s market capitalization is $414.44 million.
Bristow Group (NYSE:BRS) last issued its earnings results on Thursday, August 4th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by $0.21. The business had revenue of $356.10 million for the quarter, compared to the consensus estimate of $383.79 million. During the same period in the prior year, the business earned $0.56 earnings per share. The firm’s revenue for the quarter was down 20.9% on a year-over-year basis. Equities analysts predict that Bristow Group Inc. will post ($1.18) earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Tuesday, August 30th.
In related news, Director Michael A. Flick bought 5,578 shares of the firm’s stock in a transaction on Tuesday, June 7th. The stock was bought at an average price of $16.36 per share, with a total value of $91,256.08. Following the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $327,200. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jonathan Baliff bought 7,600 shares of the firm’s stock in a transaction on Thursday, June 2nd. The shares were bought at an average cost of $12.98 per share, with a total value of $98,648.00. Following the purchase, the chief executive officer now directly owns 35,766 shares in the company, valued at $464,242.68. The disclosure for this purchase can be found here.
Other large investors recently modified their holdings of the company. Rhumbline Advisers raised its stake in shares of Bristow Group by 4.7% in the fourth quarter. Rhumbline Advisers now owns 59,220 shares of the company’s stock worth $1,534,000 after buying an additional 2,635 shares during the period. Nationwide Fund Advisors raised its stake in shares of Bristow Group by 79.1% in the fourth quarter. Nationwide Fund Advisors now owns 62,271 shares of the company’s stock worth $1,613,000 after buying an additional 27,507 shares during the period. California Public Employees Retirement System raised its stake in shares of Bristow Group by 10.6% in the fourth quarter. California Public Employees Retirement System now owns 75,900 shares of the company’s stock worth $1,966,000 after buying an additional 7,300 shares during the period. First Trust Advisors LP raised its stake in shares of Bristow Group by 61.5% in the fourth quarter. First Trust Advisors LP now owns 76,703 shares of the company’s stock worth $1,987,000 after buying an additional 29,204 shares during the period. Finally, State of Wisconsin Investment Board raised its stake in shares of Bristow Group by 22.7% in the fourth quarter. State of Wisconsin Investment Board now owns 152,129 shares of the company’s stock worth $3,940,000 after buying an additional 28,110 shares during the period.
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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