Bristow Group (BRS) Reaches New 12-Month Low at $9.88

Shares of Bristow Group Inc (NYSE:BRS) reached a new 52-week low during trading on Thursday . The stock traded as low as $9.88 and last traded at $9.99, with a volume of 16666 shares changing hands. The stock had previously closed at $10.66.

Several analysts have recently commented on BRS shares. Zacks Investment Research raised shares of Bristow Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 24th. Credit Suisse Group reduced their price target on shares of Bristow Group from $14.00 to $13.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 8th. Finally, ValuEngine raised shares of Bristow Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 4th.

The stock has a market cap of $381.26 million, a P/E ratio of -3.62 and a beta of 2.63. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.94 and a current ratio of 2.32.

Bristow Group (NYSE:BRS) last released its quarterly earnings results on Friday, November 9th. The oil and gas company reported ($0.78) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.69) by ($0.09). The firm had revenue of $334.70 million for the quarter, compared to analysts’ expectations of $349.80 million. Bristow Group had a negative net margin of 11.80% and a negative return on equity of 6.36%. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.88) EPS. As a group, analysts predict that Bristow Group Inc will post -2.8 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. raised its position in Bristow Group by 5.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 728,413 shares of the oil and gas company’s stock valued at $10,278,000 after purchasing an additional 38,906 shares during the period. BlackRock Inc. raised its position in Bristow Group by 6.8% in the second quarter. BlackRock Inc. now owns 4,401,608 shares of the oil and gas company’s stock valued at $62,108,000 after purchasing an additional 279,167 shares during the period. Investec Asset Management LTD purchased a new stake in Bristow Group in the second quarter valued at approximately $4,290,000. Trexquant Investment LP purchased a new stake in Bristow Group in the second quarter valued at approximately $206,000. Finally, Piedmont Investment Advisors LLC purchased a new stake in Bristow Group in the second quarter valued at approximately $106,000.

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Bristow Group Company Profile (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.

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