Bristow Group Inc. (BRS) Trading Down 1.6%
Bristow Group Inc. (NYSE:BRS) shares were down 1.6% during mid-day trading on Friday . The company traded as low as $11.83 and last traded at $11.91, with a volume of 270,164 shares changing hands. The stock had previously closed at $12.10.
A number of research analysts have recently issued reports on BRS shares. Zacks Investment Research upgraded Bristow Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 27th. Capital One Financial Corp. cut Bristow Group from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, August 16th. Barclays PLC raised Bristow Group from an “equal weight” rating to an “overweight” rating and lowered their price objective for the stock from $22.00 to $20.00 in a research report on Monday, June 6th. Finally, Credit Suisse Group AG reissued a “hold” rating and issued a $15.00 price objective on shares of Bristow Group in a research report on Wednesday, June 29th. One investment 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. The stock has a consensus rating of “Hold” and a consensus target price of $22.40.
The company’s market capitalization is $410.94 million. The stock’s 50-day moving average is $11.99 and its 200 day moving average is $15.49.
Bristow Group (NYSE:BRS) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by $0.21. During the same quarter in the prior year, the company earned $0.56 earnings per share. The firm earned $356.10 million during the quarter, compared to analyst estimates of $383.79 million. The company’s revenue for the quarter was down 20.9% on a year-over-year basis. Equities analysts expect that Bristow Group Inc. will post ($1.70) earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.39%. The ex-dividend date is Tuesday, August 30th.
In other Bristow Group news, Director Michael A. Flick bought 5,578 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The shares were purchased at an average price of $16.36 per share, with a total value of $91,256.08. Following the completion of the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $327,200. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jonathan Baliff bought 8,200 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The stock was acquired at an average cost of $12.12 per share, for a total transaction of $99,384.00. Following the acquisition, the insider now directly owns 50,998 shares of the company’s stock, valued at $618,095.76. 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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