Bristow Group Inc. (BRS) Hits New 52-Week Low at $10.29
Bristow Group Inc. (NYSE:BRS) shares hit a new 52-week low on Friday . The stock traded as low as $10.29 and last traded at $10.82, with a volume of 997,255 shares traded. The stock had previously closed at $10.88.
Several research analysts have weighed in on BRS shares. Zacks Investment Research raised shares of Bristow Group from a “sell” rating to a “hold” rating in a research note on Wednesday. Barclays PLC raised shares of Bristow Group from an “equal weight” rating to an “overweight” rating and reduced their price target 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 set a $15.00 price target on shares of Bristow Group in a research report on Wednesday, June 29th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Bristow Group presently has an average rating of “Hold” and a consensus price target of $23.67.
The stock’s market cap is $378.11 million. The firm’s 50 day moving average is $13.07 and its 200 day moving average is $16.74.
Bristow Group (NYSE:BRS) last announced its earnings results on Wednesday, May 25th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.51 by $0.38. During the same quarter in the previous year, the business earned $0.91 EPS. Equities analysts forecast that Bristow Group Inc. will post ($0.59) EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 29th. Shareholders of record on Tuesday, June 14th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.59%. The ex-dividend date was Friday, June 10th.
In other Bristow Group news, Director Michael A. Flick purchased 5,578 shares of the stock in a transaction on Tuesday, June 7th. The stock was bought at an average price of $16.36 per share, for a total transaction of $91,256.08. Following the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at $327,200. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider L. Don Miller purchased 3,150 shares of the stock in a transaction on Thursday, June 2nd. The stock was acquired at an average price of $12.69 per share, with a total value of $39,973.50. Following the acquisition, the insider now directly owns 8,102 shares in the company, valued at $102,814.38. The disclosure for this purchase can be found here.
A number of hedge funds have bought and sold shares of BRS. Rhumbline Advisers boosted its stake in Bristow Group by 4.7% in the fourth quarter. Rhumbline Advisers now owns 59,220 shares of the company’s stock valued at $1,534,000 after buying an additional 2,635 shares during the period. Nationwide Fund Advisors boosted its stake in shares of Bristow Group by 79.1% in the fourth quarter. Nationwide Fund Advisors now owns 62,271 shares of the company’s stock worth $1,613,000 after buying an additional 27,507 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Bristow Group by 10.6% in the fourth quarter. California Public Employees Retirement System now owns 75,900 shares of the company’s stock worth $1,966,000 after buying an additional 7,300 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Bristow Group by 61.5% in the fourth quarter. First Trust Advisors LP now owns 76,703 shares of the company’s stock worth $1,987,000 after buying an additional 29,204 shares during the last quarter. Finally, State of Wisconsin Investment Board boosted its stake in shares of Bristow Group by 22.7% in the fourth quarter. State of Wisconsin Investment Board now owns 152,129 shares of the company’s stock worth $3,940,000 after buying an additional 28,110 shares during the last quarter.
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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