Bristow Group Inc. (BRS) Shares Gap Up to $12.22
Shares of Bristow Group Inc. (NYSE:BRS) gapped up before the market opened on Thursday . The stock had previously closed at $12.13, but opened at $12.22. Bristow Group shares last traded at $12.54, with a volume of 299,633 shares.
A number of analysts recently issued reports on BRS shares. Zacks Investment Research raised shares of Bristow Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 27th. Capital One Financial Corp. downgraded shares of Bristow Group from an “overweight” rating to an “equal weight” rating in a report on Tuesday. Barclays PLC raised shares of Bristow Group from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $22.00 to $20.00 in a report on Monday, June 6th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and set a $15.00 price objective on shares of Bristow Group in a report on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $22.40.
The firm’s market capitalization is $437.59 million. The company’s 50-day moving average is $11.95 and its 200-day moving average is $15.69.
Bristow Group (NYSE:BRS) last released its earnings results on Thursday, August 4th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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. The company’s quarterly revenue was down 20.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.56 EPS. On average, equities research analysts expect that Bristow Group Inc. will post ($1.70) EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be issued a $0.07 dividend. 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 news, insider Jonathan Baliff bought 8,200 shares of Bristow Group stock in a transaction on Monday, August 15th. The shares were bought at an average cost of $12.12 per share, for a total transaction of $99,384.00. Following the acquisition, the insider now owns 50,998 shares in the company, valued at $618,095.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael A. Flick bought 5,578 shares of Bristow Group stock in a transaction on Tuesday, June 7th. The stock was purchased at an average price of $16.36 per share, for a total transaction of $91,256.08. Following the completion of the acquisition, the director now owns 20,000 shares in the company, valued at approximately $327,200. The disclosure for this purchase can be found here.
An institutional investor recently raised its position in Bristow Group stock. Rhumbline Advisers boosted its position in shares of Bristow Group Inc. (NYSE:BRS) by 4.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 filing with the SEC.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.