Bristow Group Inc. (BRS) Shares Gap Up to $12.22
Bristow Group Inc. (NYSE:BRS) shares 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 traded.
Several brokerages recently issued reports on BRS. Barclays PLC raised shares of Bristow Group from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $22.00 to $20.00 in a research note on Monday, June 6th. Capital One Financial Corp. cut shares of Bristow Group from an “overweight” rating to an “equal weight” rating in a research note on Tuesday. Credit Suisse Group AG reaffirmed a “hold” rating and set a $15.00 price objective on shares of Bristow Group in a research note on Wednesday, June 29th. Finally, Zacks Investment Research raised shares of Bristow Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $22.40.
The firm has a 50-day moving average price of $11.92 and a 200-day moving average price of $15.77. The company’s market capitalization is $448.46 million.
Bristow Group (NYSE:BRS) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.34) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by $0.21. The company had revenue of $356.10 million for the quarter, compared to analysts’ expectations of $383.79 million. During the same period last year, the business earned $0.56 EPS. The firm’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 fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Tuesday, August 30th.
In related news, CEO Jonathan Baliff acquired 1,600 shares of Bristow Group stock in a transaction that occurred on Tuesday, June 7th. The stock was purchased at an average price of $16.12 per share, for a total transaction of $25,792.00. Following the completion of the purchase, the chief executive officer now directly owns 37,366 shares of the company’s stock, valued at $602,339.92. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider L. Don Miller acquired 3,150 shares of Bristow Group stock in a transaction that occurred on Thursday, June 2nd. The stock was bought at an average price of $12.69 per share, with a total value of $39,973.50. Following the purchase, the insider now directly owns 8,102 shares of the company’s stock, valued at $102,814.38. The disclosure for this purchase can be found here.
A hedge fund recently raised its stake in Bristow Group stock. Rhumbline Advisers increased its stake in shares of Bristow Group Inc. (NYSE:BRS) by 4.7% during the fourth quarter, according to its most recent disclosure with the 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 0.17% of Bristow Group worth $1,534,000 at the end of the most recent reporting period.
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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