Bristow Group (BRS) Sets New 1-Year Low at $3.53

Bristow Group Inc (NYSE:BRS) hit a new 52-week low on Thursday . The company traded as low as $3.53 and last traded at $3.61, with a volume of 100660 shares changing hands. The stock had previously closed at $3.99.

BRS has been the topic of a number of research analyst reports. ValuEngine raised shares of Bristow Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 4th. Credit Suisse Group dropped their price objective on shares of Bristow Group from $13.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, November 14th. Finally, Zacks Investment Research raised shares of Bristow Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 3rd.

The firm has a market cap of $142.84 million, a price-to-earnings ratio of -1.71 and a beta of 2.50. 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 announced its quarterly earnings data on Friday, November 9th. The oil and gas company reported ($0.78) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.69) by ($0.09). The company 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 19.86% and a negative return on equity of 8.16%. Bristow Group’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.88) earnings per share. As a group, analysts anticipate that Bristow Group Inc will post -2.8 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Bristow Group by 6.2% in the 3rd quarter. Vanguard Group Inc. now owns 1,726,332 shares of the oil and gas company’s stock valued at $20,940,000 after buying an additional 101,123 shares during the period. Legal & General Group Plc grew its stake in shares of Bristow Group by 20.0% in the 3rd quarter. Legal & General Group Plc now owns 75,364 shares of the oil and gas company’s stock valued at $913,000 after buying an additional 12,548 shares during the period. AQR Capital Management LLC grew its stake in shares of Bristow Group by 112.6% in the 3rd quarter. AQR Capital Management LLC now owns 29,067 shares of the oil and gas company’s stock valued at $353,000 after buying an additional 15,396 shares during the period. Mackenzie Financial Corp grew its stake in shares of Bristow Group by 72.9% in the 3rd quarter. Mackenzie Financial Corp now owns 2,858,371 shares of the oil and gas company’s stock valued at $34,672,000 after buying an additional 1,205,514 shares during the period. Finally, MetLife Investment Advisors LLC grew its stake in shares of Bristow Group by 50.5% in the 3rd quarter. MetLife Investment Advisors LLC now owns 25,658 shares of the oil and gas company’s stock valued at $311,000 after buying an additional 8,614 shares during the period.

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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.

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