The stock of Bristow Group Inc (NYSE:BRS) is a huge mover today! About 1.20M shares traded hands or 18.81% up from the average. Bristow Group Inc (NYSE:BRS) has declined 35.04% since April 20, 2016 and is downtrending. It has underperformed by 39.60% the S&P500.
The move comes after 8 months positive chart setup for the $537.57M company. It was reported on Nov, 22 by Barchart.com. We have $15.39 PT which if reached, will make NYSE:BRS worth $16.13 million more.
Bristow Group Inc (NYSE:BRS) Ratings Coverage
Out of 8 analysts covering Bristow Group (NYSE:BRS), 2 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 25% are positive. Bristow Group has been the topic of 21 analyst reports since August 7, 2015 according to StockzIntelligence Inc. As per Tuesday, November 8, the company rating was downgraded by Barclays Capital. The rating was maintained by Cowen & Co with “Outperform” on Tuesday, February 16. The company was maintained on Friday, August 7 by Credit Suisse. The company was maintained on Monday, November 9 by Oppenheimer. Iberia Capital Partners maintained the stock with “Outperform” rating in Thursday, February 18 report. Oppenheimer initiated the shares of BRS in a report on Tuesday, September 15 with “Outperform” rating. Suntrust Robinson initiated Bristow Group Inc (NYSE:BRS) on Monday, December 7 with “Neutral” rating. The stock has “Outperform” rating given by Cowen & Co on Thursday, September 1. Credit Suisse maintained Bristow Group Inc (NYSE:BRS) rating on Tuesday, February 9. Credit Suisse has “Neutral” rating and $20 price target. As per Friday, December 18, the company rating was downgraded by William Blair.
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 0.86 in 2016 Q2. Its down 0.25, from 1.11 in 2016Q1. The ratio turned 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.
Teachers Advsrs has 53,029 shares for 0% of their US portfolio. Arizona State Retirement Sys holds 0% of its portfolio in Bristow Group Inc (NYSE:BRS) for 18,193 shares. Cushing Asset Mngmt Limited Partnership accumulated 61,905 shares or 0.03% of the stock. Comerica Bank, a Michigan-based fund reported 35,156 shares. Kcg Hldgs has 0.01% invested in the company for 25,900 shares. Deutsche Commercial Bank Ag reported 606,952 shares or 0% of all its holdings. Ubs Asset Management Americas has 16,899 shares for 0% of their US portfolio. Earnest Prtnrs Ltd Liability Co reported 450 shares or 0% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) has 820 shares for 0% of their US portfolio. Old Mutual Invsts (Uk) Ltd reported 40,344 shares or 0.01% of all its holdings. State Teachers Retirement System holds 0% of its portfolio in Bristow Group Inc (NYSE:BRS) for 66,925 shares. Advisory Ntwk Ltd Liability Corp owns 200 shares or 0% of their US portfolio. Mackenzie Finance has 0.01% invested in the company for 192,298 shares. National Bank & Trust Of Montreal Can has 12,951 shares for 0% of their US portfolio. Aperio Ltd Liability Co has invested 0% of its portfolio in Bristow Group Inc (NYSE:BRS).
Insider Transactions: Since June 2, 2016, the stock had 11 buys, and 0 sales for $679,951 net activity. Shares for $24,618 were bought by Godden Ian on Friday, September 16. 1,600 shares were bought by Baliff Jonathan, worth $25,794. 1,400 shares were bought by Gompert David C., worth $17,257 on Thursday, June 2. Shares for $64,664 were bought by Akiri Chet. Ware Hilary S also bought $63,034 worth of Bristow Group Inc (NYSE:BRS) shares. $39,984 worth of Bristow Group Inc (NYSE:BRS) was bought by Miller L. Don. Flick Michael A bought $91,252 worth of stock.
More notable recent Bristow Group Inc (NYSE:BRS) news were published by: Fool.com which released: “Why Bristow Group Inc’s Stock Is Soaring Today” on November 04, 2016, also Prnewswire.com with their article: “Bristow Group Enters Into New $200 Million Seven-Year Equipment Financings” published on November 14, 2016, Fool.com published: “Here’s Why Bristow Group Inc.’s Stock Is So Turbulent Today” on February 09, 2016. More interesting news about Bristow Group Inc (NYSE:BRS) were released by: Prnewswire.com and their article: “Bristow Group Appoints William “Bill” Collins To Senior Vice President Global …” published on October 05, 2016 as well as Fool.com‘s news article titled: “Weak Earnings, Guidance Grounds Bristow Group Inc’s Stock” with publication date: May 26, 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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