Bristow Group Inc. (BRS) Stock Price Down 3.4%
Shares of Bristow Group Inc. (NYSE:BRS) were down 3.4% during mid-day trading on Friday . The company traded as low as $12.26 and last traded at $12.36, with a volume of 239,450 shares. The stock had previously closed at $12.79.
A number of analysts have issued reports on BRS shares. Zacks Investment Research raised Bristow Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 27th. Capital One Financial Corp. downgraded Bristow Group from an “overweight” rating to an “equal weight” rating in a research note on Tuesday. Barclays PLC raised Bristow Group from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $22.00 to $20.00 in a research note on Monday, June 6th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and issued a $15.00 price objective on shares of Bristow Group in a research note on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Bristow Group currently has a consensus rating of “Hold” and a consensus target price of $22.40.
The company’s market capitalization is $437.59 million. The company has a 50-day moving average price of $11.92 and a 200 day moving average price of $15.77.
Bristow Group (NYSE:BRS) last issued its quarterly 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 earned $356.10 million during the quarter, compared to the consensus estimate of $383.79 million. During the same quarter in the prior year, the company earned $0.56 EPS. The company’s quarterly revenue was down 20.9% compared to the same quarter last year. On average, equities analysts forecast that Bristow Group Inc. will post ($1.70) earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $0.28 dividend on an annualized basis and a yield of 2.24%.
In other Bristow Group news, insider Jonathan Baliff purchased 8,200 shares of the stock in a transaction on Monday, August 15th. The shares were bought at an average price of $12.12 per share, for a total transaction of $99,384.00. Following the completion of the transaction, the insider now owns 50,998 shares of the company’s stock, valued at approximately $618,095.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider L. Don Miller purchased 3,150 shares of the stock in a transaction on Thursday, June 2nd. The shares were acquired at an average price of $12.69 per share, for a total transaction of $39,973.50. Following the transaction, the insider now directly owns 8,102 shares of the company’s stock, valued at approximately $102,814.38. The disclosure for this purchase can be found here.
An institutional investor recently raised its position in Bristow Group stock. Rhumbline Advisers raised its position in Bristow Group Inc. (NYSE:BRS) by 4.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,220 shares of the company’s stock after buying an additional 2,635 shares during the period. Rhumbline Advisers owned approximately 0.17% of Bristow Group worth $1,534,000 as of its most recent SEC filing.
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.