Bristow Group (BRS) Sets New 52-Week Low at $9.88

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Shares of Bristow Group Inc (NYSE:BRS) hit a new 52-week low during mid-day 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.

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

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

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

Several large investors have recently bought and sold shares of BRS. Piedmont Investment Advisors LLC acquired a new stake in Bristow Group in the 2nd quarter worth about $106,000. Alpine Woods Capital Investors LLC acquired a new stake in Bristow Group in the 2nd quarter worth about $111,000. Eqis Capital Management Inc. acquired a new stake in Bristow Group in the 2nd quarter worth about $200,000. Trexquant Investment LP acquired a new stake in Bristow Group in the 2nd quarter worth about $206,000. Finally, SG Americas Securities LLC acquired a new stake in Bristow Group in the 2nd quarter worth about $292,000.

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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.

Read More: Earnings Per Share

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