Bristow Group (NYSE:VTOL) Hits New 52-Week High – What’s Next?

Bristow Group Inc. (NYSE:VTOL)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $43.26 and last traded at $42.99, with a volume of 9390 shares trading hands. The stock had previously closed at $41.87.

Analyst Ratings Changes

VTOL has been the subject of a number of recent analyst reports. Wall Street Zen raised Bristow Group from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Weiss Ratings restated a “buy (b-)” rating on shares of Bristow Group in a research note on Wednesday. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy”.

Bristow Group Stock Up 5.0%

The firm’s 50 day simple moving average is $37.77 and its 200-day simple moving average is $37.52. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 9.20 and a beta of 1.39. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.91 and a quick ratio of 1.53.

Bristow Group (NYSE:VTOL) last posted its earnings results on Wednesday, November 5th. The company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.78. The business had revenue of $386.29 million during the quarter, compared to the consensus estimate of $400.00 million. Bristow Group had a return on equity of 14.83% and a net margin of 9.71%.

Insider Transactions at Bristow Group

In other news, Director George Mark Mickelson sold 10,000 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $38.40, for a total value of $384,000.00. Following the completion of the sale, the director directly owned 60,265 shares of the company’s stock, valued at approximately $2,314,176. This represents a 14.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lorin L. Brass sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $38.00, for a total transaction of $95,000.00. Following the transaction, the director owned 21,705 shares in the company, valued at approximately $824,790. This trade represents a 10.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 221,000 shares of company stock worth $8,417,775 in the last three months. Corporate insiders own 13.40% of the company’s stock.

Institutional Investors Weigh In On Bristow Group

A number of institutional investors and hedge funds have recently made changes to their positions in VTOL. Raymond James Financial Inc. acquired a new stake in shares of Bristow Group during the second quarter worth about $25,000. Strs Ohio purchased a new stake in Bristow Group during the 1st quarter valued at approximately $44,000. CWM LLC lifted its position in Bristow Group by 208.4% during the 2nd quarter. CWM LLC now owns 1,351 shares of the company’s stock worth $45,000 after acquiring an additional 913 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Bristow Group by 296.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,508 shares of the company’s stock valued at $83,000 after purchasing an additional 1,876 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Bristow Group in the second quarter valued at approximately $90,000. 93.29% of the stock is owned by hedge funds and other institutional investors.

About Bristow Group

Bristow Group Inc is a global provider of helicopter services to the offshore energy industry and search-and-rescue (SAR) operations worldwide. The company specializes in the safe and efficient transport of personnel, equipment and supplies to offshore oil and gas platforms, as well as emergency response and medevac services. Bristow’s operations support exploration, production and decommissioning activities, helping energy companies maintain continuity of production in some of the world’s most challenging environments.

The company maintains a diverse fleet of turbine-powered helicopters, including medium- and heavy-lift aircraft such as the Sikorsky S-92, Airbus H225 (formerly EC225) and Leonardo AW189.