Bristow Group Inc. (BRS) Trading 8% Higher
Shares of Bristow Group Inc. (NYSE:BRS) traded up 8% during trading on Tuesday . The company traded as high as $12.83 and last traded at $12.77, with a volume of 393,949 shares traded. The stock had previously closed at $11.82.
A number of analysts recently commented on the company. Capital One Financial Corp. cut Bristow Group from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, August 16th. Zacks Investment Research cut Bristow Group from a “buy” rating to a “sell” rating in a research report on Thursday, August 4th. Credit Suisse Group AG reiterated a “hold” rating and set a $15.00 price objective on shares of Bristow Group in a research report on Wednesday, June 29th. Finally, Barclays PLC upgraded Bristow Group from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $22.00 to $20.00 in a research report on Monday, June 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. Bristow Group presently has a consensus rating of “Hold” and an average price target of $22.40.
The stock has a 50 day moving average price of $11.94 and a 200 day moving average price of $15.57. The stock’s market capitalization is $447.75 million.
Bristow Group (NYSE:BRS) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.34) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by $0.21. During the same period last year, the business posted $0.56 EPS. The firm earned $356.10 million during the quarter, compared to analyst estimates of $383.79 million. The firm’s revenue for the quarter was down 20.9% on a year-over-year basis. On average, equities analysts expect that Bristow Group Inc. will post ($1.70) earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be issued a $0.07 dividend. The ex-dividend date is Tuesday, August 30th. This represents a $0.28 annualized dividend and a dividend yield of 2.19%.
In other news, CEO Jonathan Baliff acquired 1,600 shares of the business’s stock in a transaction dated Tuesday, June 7th. The stock was acquired at an average price of $16.12 per share, for a total transaction of $25,792.00. Following the completion of the acquisition, the chief executive officer now directly owns 37,366 shares in the company, valued at approximately $602,339.92. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider L. Don Miller acquired 3,150 shares of the business’s stock in a transaction dated Thursday, June 2nd. The stock was purchased at an average price of $12.69 per share, with a total value of $39,973.50. Following the acquisition, the insider now owns 8,102 shares of the company’s stock, valued at $102,814.38. The disclosure for this purchase can be found here.
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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