Bristow Group (BRS) Sets New 12-Month Low at $3.53

Bristow Group Inc (NYSE:BRS) hit a new 52-week low during trading 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.

A number of brokerages have recently commented on BRS. Credit Suisse Group lowered their price objective on Bristow Group from $13.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, November 14th. ValuEngine downgraded Bristow Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 10th. Finally, Zacks Investment Research raised Bristow Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 3rd.

The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.85 and a current ratio of 2.21.

Bristow Group (NYSE:BRS) last issued its earnings results on Friday, November 9th. The oil and gas company reported ($0.78) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.69) by ($0.09). Bristow Group had a negative net margin of 19.86% and a negative return on equity of 8.16%. The firm had revenue of $334.70 million during the quarter, compared to analyst estimates of $349.80 million. During the same quarter in the previous year, the business posted ($0.88) EPS. Bristow Group’s revenue was down 6.5% compared to the same quarter last year. Research analysts forecast that Bristow Group Inc will post -2.8 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of the stock. Pinebridge Investments L.P. boosted its holdings in Bristow Group by 9.4% in the second quarter. Pinebridge Investments L.P. now owns 52,933 shares of the oil and gas company’s stock valued at $747,000 after acquiring an additional 4,562 shares during the last quarter. Arizona State Retirement System boosted its holdings in Bristow Group by 10.2% in the third quarter. Arizona State Retirement System now owns 51,882 shares of the oil and gas company’s stock valued at $629,000 after acquiring an additional 4,802 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Bristow Group by 2.5% in the first quarter. Principal Financial Group Inc. now owns 246,755 shares of the oil and gas company’s stock valued at $3,208,000 after acquiring an additional 5,936 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in Bristow Group in the second quarter valued at $106,000. Finally, Northern Trust Corp boosted its holdings in Bristow Group by 1.7% in the second quarter. Northern Trust Corp now owns 443,356 shares of the oil and gas company’s stock valued at $6,256,000 after acquiring an additional 7,617 shares during the last quarter.

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Bristow Group Company Profile (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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