Bristow Group Inc (NYSE:BRS)’s share price dropped 8.5% during mid-day trading on Monday . The company traded as low as $1.03 and last traded at $1.07. Approximately 1,462,044 shares changed hands during trading, a decline of 26% from the average daily volume of 1,971,387 shares. The stock had previously closed at $1.17.
BRS has been the topic of a number of research analyst reports. ValuEngine raised shares of Bristow Group from a “sell” rating to a “hold” rating in a research report on Thursday, January 24th. Zacks Investment Research cut shares of Bristow Group from a “hold” rating to a “sell” rating in a research report on Monday, February 18th.
The stock has a market capitalization of $38.30 million, a PE ratio of -0.27 and a beta of 2.72. The company has a current ratio of 2.21, a quick ratio of 1.85 and a debt-to-equity ratio of 1.43.
Bristow Group (NYSE:BRS) last released its quarterly earnings data on Monday, February 11th. The oil and gas company reported ($0.57) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.59) by $0.02. The company had revenue of $331.33 million for the quarter, compared to analysts’ expectations of $352.70 million. Bristow Group had a negative net margin of 25.79% and a negative return on equity of 8.62%. During the same quarter in the prior year, the firm earned ($0.52) EPS. On average, equities analysts anticipate that Bristow Group Inc will post -4 earnings per share for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Bristow Group in the 4th quarter worth about $25,000. Oregon Public Employees Retirement Fund acquired a new stake in shares of Bristow Group in the 4th quarter worth about $33,000. Jane Street Group LLC raised its holdings in shares of Bristow Group by 128.0% in the 3rd quarter. Jane Street Group LLC now owns 20,018 shares of the oil and gas company’s stock worth $243,000 after acquiring an additional 91,589 shares during the last quarter. MetLife Investment Advisors LLC raised its holdings in shares of Bristow Group by 50.5% in the 3rd quarter. MetLife Investment Advisors LLC now owns 25,658 shares of the oil and gas company’s stock worth $311,000 after acquiring an additional 8,614 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new stake in shares of Bristow Group in the 4th quarter worth about $63,000.
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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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