Bristow Group Inc. (BRS) Trading Up 8%
Bristow Group Inc. (NYSE:BRS) shares were up 8% on Tuesday . The stock traded as high as $12.83 and last traded at $12.77, with a volume of 393,949 shares trading hands. The stock had previously closed at $11.82.
Several research analysts recently weighed in on BRS shares. Credit Suisse Group AG reissued a “hold” rating and issued a $15.00 target price on shares of Bristow Group in a research note on Wednesday, June 29th. Capital One Financial Corp. downgraded shares of Bristow Group from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, August 16th. Barclays PLC raised shares of Bristow Group from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $22.00 to $20.00 in a research note on Monday, June 6th. Finally, Zacks Investment Research raised shares of Bristow Group from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Tuesday, August 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $22.40.
The stock has a 50 day moving average price of $11.98 and a 200 day moving average price of $15.51. The stock’s market capitalization is $416.90 million.
Bristow Group (NYSE:BRS) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by $0.21. The business earned $356.10 million during the quarter, compared to analysts’ expectations of $383.79 million. During the same period last year, the firm posted $0.56 EPS. The business’s revenue 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be given a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $0.28 annualized dividend and a yield of 2.35%.
In other news, insider L. Don Miller bought 3,150 shares of the company’s stock in a transaction dated Thursday, June 2nd. The stock was bought at an average price of $12.69 per share, for a total transaction of $39,973.50. Following the completion of the transaction, the insider now directly owns 8,102 shares in the company, valued at approximately $102,814.38. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jonathan Baliff bought 7,600 shares of the company’s stock in a transaction dated Thursday, June 2nd. The shares were purchased at an average price of $12.98 per share, with a total value of $98,648.00. Following the transaction, the chief executive officer now owns 35,766 shares of the company’s stock, valued at $464,242.68. 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.
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.