Somewhat Positive News Coverage Somewhat Unlikely to Affect Bristow Group (BRS) Share Price
News stories about Bristow Group (NYSE:BRS) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Bristow Group earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 46.8045991697936 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Bristow Group Inc. (NYSE:BRS) Trading Volume Significantly Lower – Modern Readers (nigeriatoday.ng)
- ETFs with exposure to Bristow Group, Inc. : October 17, 2017 (finance.yahoo.com)
- Bristow Group Inc. (BRS) moves -56.54% away from 52-Week High = Technical Facts – Voice Of Analysts (analystsbuzz.com)
- Winslow Asset Management Inc Buys Hudson Pacific Properties Inc, Fossil Group Inc, Boeing Co, … (nasdaq.com)
- Bristow announces FY2018 Q2 Earnings Release Schedule (helihub.com)
A number of brokerages recently commented on BRS. Zacks Investment Research downgraded shares of Bristow Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. Cowen and Company set a $7.00 price objective on shares of Bristow Group and gave the company a “hold” rating in a research report on Friday, October 6th. ValuEngine upgraded shares of Bristow Group from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. BidaskClub upgraded shares of Bristow Group from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Finally, Barclays PLC restated a “hold” rating and issued a $10.00 price objective on shares of Bristow Group in a research report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $12.60.
Shares of Bristow Group (NYSE BRS) opened at 9.14 on Thursday. The firm’s market cap is $322.89 million. Bristow Group has a 12 month low of $6.21 and a 12 month high of $21.88. The company has a 50-day moving average of $9.36 and a 200-day moving average of $9.57.
Bristow Group (NYSE:BRS) last released its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.83) EPS for the quarter, beating the consensus estimate of ($1.11) by $0.28. Bristow Group had a negative net margin of 13.32% and a negative return on equity of 6.83%. The business had revenue of $352.10 million during the quarter, compared to analyst estimates of $299.93 million. During the same period in the prior year, the business earned ($0.34) earnings per share. The business’s quarterly revenue was down 4.7% on a year-over-year basis. Equities analysts forecast that Bristow Group will post ($3.44) EPS for the current fiscal year.
In other Bristow Group news, insider Jonathan Baliff bought 6,500 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The stock was acquired at an average cost of $7.70 per share, with a total value of $50,050.00. Following the completion of the purchase, the insider now directly owns 67,344 shares in the company, valued at $518,548.80. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 10.00% of the stock is owned by corporate insiders.
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About Bristow Group
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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