Stock Worth Watching: What’s Ahead for Bristow Group Inc After Today’s Significant Increase?

Stock Worth Watching: What's Ahead for Bristow Group Inc After Today's Significant Increase?

The stock of Bristow Group Inc (NYSE:BRS) is a huge mover today! About 526,787 shares traded hands. Bristow Group Inc (NYSE:BRS) has declined 7.82% since February 29, 2016 and is downtrending. It has underperformed by 20.04% the S&P500.
The move comes after 9 months positive chart setup for the $480.33M company. It was reported on Oct, 3 by Barchart.com. We have $32.90 PT which if reached, will make NYSE:BRS worth $677.27M more.

Analysts await Bristow Group Inc (NYSE:BRS) to report earnings on November, 3. They expect $-0.23 EPS, down 675.00% or $0.27 from last year’s $0.04 per share. After $-0.34 actual EPS reported by Bristow Group Inc for the previous quarter, Wall Street now forecasts -32.35% EPS growth.

Bristow Group Inc (NYSE:BRS) Ratings Coverage

Out of 8 analysts covering Bristow Group (NYSE:BRS), 3 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 38% are positive. Bristow Group has been the topic of 20 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock has “Equal-Weight” rating given by Capital One on Tuesday, August 16. The stock of Bristow Group Inc (NYSE:BRS) earned “Neutral” rating by Credit Suisse on Tuesday, February 9. SunTrust initiated it with “Neutral” rating and $29 target price in Monday, December 7 report. The firm has “Outperform” rating by Cowen & Co given on Tuesday, February 16. The firm earned “Overweight” rating on Monday, June 6 by Barclays Capital. Oppenheimer initiated the shares of BRS in a report on Tuesday, September 15 with “Outperform” rating. The stock of Bristow Group Inc (NYSE:BRS) has “Outperform” rating given on Thursday, September 1 by Cowen & Co. The stock has “Neutral” rating given by Credit Suisse on Friday, August 7. The stock has “Neutral” rating given by Suntrust Robinson on Monday, December 7. On Thursday, October 1 the stock rating was maintained by Oppenheimer with “Outperform”.

According to Zacks Investment Research, “Bristow Group Inc. is a leading provider of helicopter services to the worldwide energy industry. Through its subsidiaries, affiliates and joint ventures, the Company has major transportation operations in the U.S. Gulf of Mexico and the North Sea, and in most of the other major offshore oil and gas producing regions of the world, including Alaska, Australia, Brazil, Mexico, Nigeria, Russia and Trinidad. Additionally, the Company is a leading provider of production management services for oil and gas production facilities in the U.S. Gulf of Mexico.”

Insitutional Activity: The institutional sentiment decreased to 1.11 in Q2 2016. Its down 0.01, from 1.12 in 2016Q1. The ratio is negative, as 27 funds sold all Bristow Group Inc shares owned while 39 reduced positions. 20 funds bought stakes while 53 increased positions. They now own 39.47 million shares or 0.32% less from 39.60 million shares in 2016Q1.
Goldman Sachs accumulated 0% or 90,269 shares. Tudor Investment Corporation Et Al has invested 0% of its portfolio in Bristow Group Inc (NYSE:BRS). Suntrust Banks has invested 0% of its portfolio in Bristow Group Inc (NYSE:BRS). Calvert Inv Mgmt Inc holds 0.05% or 81,784 shares in its portfolio. Numeric Invsts Limited Liability Company, a Massachusetts-based fund reported 78,000 shares. Bnp Paribas Arbitrage Sa has 0% invested in the company for 16,297 shares. Principal Fin Gp Inc holds 246,134 shares or 0% of its portfolio. Prudential accumulated 797,246 shares or 0.02% of the stock. Schwab Charles Inv Mngmt Inc accumulated 315,637 shares or 0% of the stock. Manufacturers Life Insur Comm The last reported 0% of its portfolio in the stock. Metropolitan Life Ins Com Ny holds 24,943 shares or 0% of its portfolio. State Board Of Administration Of Florida Retirement Sys, a Florida-based fund reported 16,549 shares. Lsv Asset Mngmt accumulated 914,049 shares or 0.02% of the stock. Gsa Llp holds 23,752 shares or 0.01% of its portfolio. Da Davidson And Company has 0.01% invested in the company for 25,000 shares.

Insider Transactions: Since June 2, 2016, the stock had 10 insider purchases, and 0 insider sales for $652,531 net activity. Another trade for 2,200 shares valued at $24,618 was bought by Godden Ian. The insider Ware Hilary S bought 5,000 shares worth $63,034. Miller L. Don had bought 3,150 shares worth $39,984. Gompert David C. bought $17,257 worth of Bristow Group Inc (NYSE:BRS) on Thursday, June 2. Baliff Jonathan bought $25,794 worth of stock or 1,600 shares. The insider Flick Michael A bought $91,252. The insider Akiri Chet bought 5,565 shares worth $64,664.

More notable recent Bristow Group Inc (NYSE:BRS) news were published by: Fool.com which released: “Here’s Why Bristow Group Inc.’s Stock Is So Turbulent Today” on February 09, 2016, also Prnewswire.com with their article: “Bristow Group Strengthens Operational and Leadership Structure” published on April 18, 2016, Seekingalpha.com published: “Bristow Group: Near Term Catalyst For 45% Drop” on July 22, 2016. More interesting news about Bristow Group Inc (NYSE:BRS) were released by: Prnewswire.com and their article: “Bristow Group Announces Fiscal Year 2017 First Quarter Earnings Release and …” published on July 15, 2016 as well as Prnewswire.com‘s news article titled: “Bristow Group Announces Management Change” with publication date: July 05, 2016.

BRS Company Profile

Bristow Group Inc. (Bristow Group), incorporated on December 3, 1987, is an industrial aviation services well-known provider and helicopter service well-known provider to the offshore energy industry with global operations. The Industrial Aviation Services segment’s activities are conducted primarily through four regions: Europe Caspian, Africa, Americas and Asia Pacific. Additionally, it operates a training unit, Bristow Academy. It provides industrial aviation services to a base of integrated, national and independent offshore energy companies. The Company’s clients charter its helicopters primarily to transport personnel between onshore bases and offshore production platforms, drilling rigs and other installations. The Company’s clients also charter its helicopters to transport time-sensitive equipment to these offshore locations.

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