Bristow Group Inc (NYSE:BRS) – Research analysts at Capital One cut their Q1 2019 earnings estimates for Bristow Group in a note issued to investors on Thursday, May 24th. Capital One analyst J. Gibney now expects that the oil and gas company will post earnings per share of ($0.70) for the quarter, down from their previous estimate of ($0.68). Capital One also issued estimates for Bristow Group’s Q2 2019 earnings at ($0.36) EPS, Q3 2019 earnings at ($0.29) EPS, Q4 2019 earnings at ($0.60) EPS and FY2019 earnings at ($1.95) EPS.
Get Bristow Group alerts:Bristow Group (NYSE:BRS) last announced its quarterly earnings data on Wednesday, May 23rd. The oil and gas company reported ($0.48) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.66) by $0.18. Bristow Group had a negative net margin of 13.53% and a negative return on equity of 6.20%. The firm had revenue of $341.20 million during the quarter, compared to analyst estimates of $352.63 million. During the same quarter in the prior year, the firm posted ($1.15) earnings per share. Bristow Group’s quarterly revenue was up 5.4% on a year-over-year basis.
A number of other equities research analysts have also issued reports on BRS. Credit Suisse Group upped their price objective on shares of Bristow Group from $8.00 to $14.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Zacks Investment Research lowered shares of Bristow Group from a “hold” rating to a “sell” rating in a report on Monday, February 12th. Finally, ValuEngine lowered shares of Bristow Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 13th. Six research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus target price of $13.50.
Shares of BRS opened at $12.55 on Monday. The company has a quick ratio of 1.09, a current ratio of 2.30 and a debt-to-equity ratio of 1.21. Bristow Group has a 12-month low of $6.21 and a 12-month high of $18.91. The stock has a market capitalization of $447.41 million, a P/E ratio of -5.89 and a beta of 2.98.
Several institutional investors and hedge funds have recently modified their holdings of BRS. Prudential Financial Inc. raised its holdings in Bristow Group by 661.4% in the first quarter. Prudential Financial Inc. now owns 607,187 shares of the oil and gas company’s stock valued at $7,894,000 after acquiring an additional 527,444 shares in the last quarter. Millennium Management LLC raised its holdings in Bristow Group by 2,105.8% in the first quarter. Millennium Management LLC now owns 380,840 shares of the oil and gas company’s stock valued at $4,951,000 after acquiring an additional 363,575 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Bristow Group by 14.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,540,142 shares of the oil and gas company’s stock valued at $33,022,000 after acquiring an additional 315,302 shares in the last quarter. Two Sigma Investments LP acquired a new stake in Bristow Group in the fourth quarter valued at approximately $1,960,000. Finally, Wolverine Asset Management LLC raised its holdings in Bristow Group by 1,537.2% in the fourth quarter. Wolverine Asset Management LLC now owns 149,100 shares of the oil and gas company’s stock valued at $2,008,000 after acquiring an additional 139,993 shares in the last quarter.
In other Bristow Group news, insider L. Don Miller purchased 2,000 shares of Bristow Group stock in a transaction dated Thursday, March 15th. The shares were acquired at an average price of $12.58 per share, with a total value of $25,160.00. Following the completion of the transaction, the insider now owns 14,199 shares of the company’s stock, valued at $178,623.42. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jonathan Baliff purchased 3,900 shares of Bristow Group stock in a transaction dated Thursday, March 15th. The shares were acquired at an average cost of $12.97 per share, for a total transaction of $50,583.00. Following the transaction, the chief executive officer now directly owns 73,244 shares of the company’s stock, valued at approximately $949,974.68. The disclosure for this purchase can be found here. 10.00% of the stock is currently owned by corporate insiders.
About Bristow Group
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 transportation 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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