Bristow Group Inc. (BRS) Stock Price Down 1.6%
Shares of Bristow Group Inc. (NYSE:BRS) fell 1.6% 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 firms have recently weighed in on BRS. Capital One Financial Corp. downgraded Bristow Group from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, August 16th. Zacks Investment Research downgraded 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 target price 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 cut their target price for the company 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’s stock. The stock has a consensus rating of “Hold” and an average price target of $22.40.
The stock’s market capitalization is $410.94 million. The stock has a 50-day moving average price of $12.00 and a 200 day moving average price of $15.44.
Bristow Group (NYSE:BRS) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.34) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.13) by $0.21. The firm earned $356.10 million during the quarter, compared to analysts’ expectations of $383.79 million. During the same period in the prior year, the firm earned $0.56 earnings per share. Bristow Group’s revenue for the quarter was down 20.9% on a year-over-year basis. Equities analysts forecast that Bristow Group Inc. will post ($1.70) earnings per share for the current year.
The business also recently declared 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. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Tuesday, August 30th.
In other Bristow Group news, insider Jonathan Baliff acquired 8,200 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The stock was bought at an average price of $12.12 per share, with a total value of $99,384.00. Following the completion of the purchase, the insider now owns 50,998 shares of the company’s stock, valued at $618,095.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael A. Flick acquired 5,578 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The shares were acquired at an average cost of $16.36 per share, with a total value of $91,256.08. Following the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $327,200. 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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