Brokerages Set Bristow Group Inc (BRS) Target Price at $12.33

Shares of Bristow Group Inc (NYSE:BRS) have been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $12.33.

A number of research analysts recently commented on BRS shares. ValuEngine cut Bristow Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 13th. Zacks Investment Research upgraded shares of Bristow Group from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd purchased a new stake in Bristow Group during the first quarter valued at about $525,000. Principal Financial Group Inc. boosted its position in Bristow Group by 2.5% during the first quarter. Principal Financial Group Inc. now owns 246,755 shares of the oil and gas company’s stock valued at $3,208,000 after buying an additional 5,936 shares during the period. Millennium Management LLC boosted its position in Bristow Group by 2,105.8% during the first quarter. Millennium Management LLC now owns 380,840 shares of the oil and gas company’s stock valued at $4,951,000 after buying an additional 363,575 shares during the period. Element Capital Management LLC purchased a new stake in Bristow Group during the first quarter valued at about $273,000. Finally, A.R.T. Advisors LLC purchased a new stake in Bristow Group during the first quarter valued at about $631,000.

Bristow Group traded up $0.06, reaching $13.06, during trading on Monday, according to Marketbeat.com. The stock had a trading volume of 12,206 shares, compared to its average volume of 655,817. The stock has a market cap of $467.01 million, a PE ratio of -6.11 and a beta of 2.90. The company has a quick ratio of 1.94, a current ratio of 2.30 and a debt-to-equity ratio of 1.21. Bristow Group has a one year low of $6.36 and a one year high of $18.91.

Bristow Group (NYSE:BRS) last released its earnings results on Wednesday, May 23rd. The oil and gas company reported ($0.48) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.66) by $0.18. The business had revenue of $341.20 million for the quarter, compared to analysts’ expectations of $352.63 million. Bristow Group had a negative return on equity of 6.20% and a negative net margin of 13.53%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.15) earnings per share. equities analysts anticipate that Bristow Group will post -1.95 earnings per share for the current year.

About Bristow Group

Bristow Group Inc provides industrial aviation services to the offshore energy companies in Europe Caspian, Africa, the Americas, and the Asia Pacific. The company offers helicopter transportation services to transport personnel between onshore bases and offshore production platforms, drilling rigs, and other installations, as well as to transport time-sensitive equipment to these offshore locations.

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