Bristow Group Inc. (BRS) Stock Price Up 6.9%
Bristow Group Inc. (NYSE:BRS) rose 6.9% on Friday . The stock traded as high as $11.49 and last traded at $11.48, with a volume of 436,490 shares trading hands. The stock had previously closed at $10.74.
BRS has been the topic of several research reports. Zacks Investment Research upgraded Bristow Group from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Tuesday, August 2nd. Capital One Financial Corp. lowered Bristow Group from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, August 16th. Credit Suisse Group AG restated a “hold” rating and set a $15.00 price target on shares of Bristow Group in a research report on Wednesday, June 29th. Cowen and Company dropped their price target on Bristow Group from $18.00 to $14.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Barclays PLC upgraded Bristow Group from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $22.00 to $20.00 in a research report on Monday, June 6th. One 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 a consensus target price of $22.20.
The firm’s market capitalization is $389.55 million. The firm has a 50-day moving average of $11.85 and a 200-day moving average of $15.39.
Bristow Group (NYSE:BRS) last issued its quarterly earnings results on Thursday, August 4th. The company reported ($0.34) earnings per share for the quarter, missing the 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 quarter last year, the firm posted $0.56 EPS. The business’s revenue for the quarter was down 20.9% on a year-over-year basis. On average, equities analysts expect that Bristow Group Inc. will post ($1.70) EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $0.28 annualized dividend and a yield of 2.52%.
In other news, insider Chet Akiri acquired 5,565 shares of Bristow Group stock in a transaction on Monday, August 29th. The shares were bought at an average cost of $11.62 per share, for a total transaction of $64,665.30. Following the acquisition, the insider now directly owns 5,565 shares of the company’s stock, valued at approximately $64,665.30. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jonathan Baliff acquired 8,200 shares of Bristow Group stock in a transaction on Monday, August 15th. The shares were purchased at an average price of $12.12 per share, for a total transaction of $99,384.00. Following the completion of the acquisition, the insider now directly owns 50,998 shares in the company, valued at $618,095.76. The disclosure for this purchase can be found here.
An institutional investor recently raised its position in Bristow Group stock. AJO LP boosted its stake in Bristow Group Inc. (NYSE:BRS) by 24.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 116,751 shares of the company’s stock after buying an additional 22,991 shares during the period. AJO LP owned 0.33% of Bristow Group worth $3,024,000 as of its most recent filing with the SEC.
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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