The stock of Bristow Group Inc (NYSE:BRS) is a huge mover today! About 725,598 shares traded hands. Bristow Group Inc (NYSE:BRS) has declined 12.72% since March 3, 2016 and is downtrending. It has underperformed by 21.06% the S&P500.
The move comes after 9 months negative chart setup for the $543.83M company. It was reported on Oct, 6 by Barchart.com. We have $13.30 PT which if reached, will make NYSE:BRS worth $27.19M less.
Analysts await Bristow Group Inc (NYSE:BRS) to report earnings on November, 3. They expect $-0.23 earnings per share, down 675.00% or $0.27 from last year’s $0.04 per share. After $-0.34 actual earnings per share 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. Suntrust Robinson initiated Bristow Group Inc (NYSE:BRS) on Monday, December 7 with “Neutral” rating. Cowen & Co maintained it with “Outperform” rating and $14 target price in Thursday, September 1 report. The firm earned “Overweight” rating on Monday, June 6 by Barclays Capital. On Tuesday, February 9 the stock rating was maintained by Credit Suisse with “Neutral”. As per Thursday, October 1, the company rating was maintained by Oppenheimer. The firm has “Outperform” rating given on Tuesday, September 15 by Oppenheimer. The stock has “Equal-Weight” rating given by Capital One on Tuesday, August 16. Iberia Capital Partners maintained Bristow Group Inc (NYSE:BRS) on Thursday, February 18 with “Outperform” rating. Cowen & Co maintained Bristow Group Inc (NYSE:BRS) rating on Tuesday, February 16. Cowen & Co has “Outperform” rating and $16 price target. Credit Suisse maintained the shares of BRS in a report on Friday, August 7 with “Neutral” rating.
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 dropped, 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.
Thrivent Fincl For Lutherans has 0.01% invested in the company for 146,704 shares. Us Commercial Bank De owns 1,454 shares or 0% of their US portfolio. Winslow Asset Management Inc accumulated 0.03% or 10,240 shares. Northern Tru holds 0% or 458,910 shares in its portfolio. Blackrock Institutional Trust Com Na holds 0% of its portfolio in Bristow Group Inc (NYSE:BRS) for 856,461 shares. Bank & Trust Of Montreal Can has 12,951 shares for 0% of their US portfolio. Blair William And Il has invested 0.01% of its portfolio in Bristow Group Inc (NYSE:BRS). Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 820 shares in its portfolio. Principal Gp Inc reported 246,134 shares or 0% of all its holdings. Blackrock Fund Advisors holds 2.49M shares or 0.01% of its portfolio. Amer Incorporated accumulated 25,239 shares or 0% of the stock. Citigroup Inc holds 24,141 shares or 0% of its portfolio. Profund Advsrs Ltd Liability has 0.01% invested in the company for 14,737 shares. Renaissance Tech Ltd accumulated 0.01% or 377,600 shares. Advisory Network Ltd Company has 0% invested in the company for 200 shares.
Insider Transactions: Since June 2, 2016, the stock had 10 buys, and 0 selling transactions for $652,531 net activity. Ware Hilary S had bought 5,000 shares worth $63,034. Shares for $64,664 were bought by Akiri Chet on Monday, August 29. Miller L. Don had bought 3,150 shares worth $39,984 on Thursday, June 2. The insider Godden Ian bought $127,926. Baliff Jonathan had bought 7,600 shares worth $98,653 on Thursday, June 2. Flick Michael A also bought $91,252 worth of Bristow Group Inc (NYSE:BRS) on Tuesday, June 7. The insider Gompert David C. bought 1,400 shares worth $17,257.
More notable recent Bristow Group Inc (NYSE:BRS) news were published by: Prnewswire.com which released: “Bristow Group Appoints William “Bill” Collins To Senior Vice President Global …” on October 05, 2016, also Prnewswire.com with their article: “Bristow Group Promotes Chipman Earle To Senior Vice President, Chief Legal And …” published on August 04, 2016, Fool.com published: “Weak Earnings, Guidance Grounds Bristow Group Inc’s Stock” on May 26, 2016. More interesting news about Bristow Group Inc (NYSE:BRS) were released by: Seekingalpha.com and their article: “Bristow Group: Near Term Catalyst For 45% Drop” published on July 22, 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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