Bristow Group (BRS) Reaches New 1-Year Low at $0.45

Shares of Bristow Group Inc (NYSE:BRS) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $0.45 and last traded at $0.59, with a volume of 20932030 shares traded. The stock had previously closed at $1.07.

Several analysts have issued reports on the stock. Zacks Investment Research lowered shares of Bristow Group from a “hold” rating to a “sell” rating in a research report on Monday, April 1st. ValuEngine lowered shares of Bristow Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st.

The stock has a market cap of $38.31 million, a price-to-earnings ratio of -0.29 and a beta of 2.72. The company has a current ratio of 2.21, a quick ratio of 1.85 and a debt-to-equity ratio of 1.43.

Bristow Group (NYSE:BRS) last issued its quarterly earnings data on Monday, February 11th. The oil and gas company reported ($0.57) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.59) by $0.02. The company had revenue of $331.33 million for the quarter, compared to analyst estimates of $352.70 million. Bristow Group had a negative net margin of 25.79% and a negative return on equity of 8.62%. During the same period in the prior year, the firm earned ($0.52) earnings per share. On average, equities analysts anticipate that Bristow Group Inc will post -4 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of BRS. Mackenzie Financial Corp raised its stake in shares of Bristow Group by 129.6% in the fourth quarter. Mackenzie Financial Corp now owns 6,561,746 shares of the oil and gas company’s stock worth $15,945,000 after buying an additional 3,703,375 shares during the period. Coltrane Asset Management L.P. acquired a new stake in Bristow Group in the fourth quarter valued at $8,463,000. FMR LLC raised its stake in Bristow Group by 51.9% in the third quarter. FMR LLC now owns 3,393,186 shares of the oil and gas company’s stock valued at $41,160,000 after buying an additional 1,159,000 shares in the last quarter. BlackRock Inc. raised its stake in Bristow Group by 14.4% in the third quarter. BlackRock Inc. now owns 5,035,060 shares of the oil and gas company’s stock valued at $61,075,000 after buying an additional 633,452 shares in the last quarter. Finally, First Manhattan Co. raised its stake in Bristow Group by 5,386.4% in the fourth quarter. First Manhattan Co. now owns 485,550 shares of the oil and gas company’s stock valued at $1,179,000 after buying an additional 476,700 shares in the last quarter.

ILLEGAL ACTIVITY NOTICE: “Bristow Group (BRS) Reaches New 1-Year Low at $0.45” was reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this piece can be viewed at https://www.com-unik.info/2019/04/16/bristow-group-brs-reaches-new-1-year-low-at-0-45.html.

About Bristow Group (NYSE:BRS)

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 charter 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.

Recommended Story: Leveraged Buyout (LBO)

Receive News & Ratings for Bristow Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bristow Group and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit