The stock of Bristow Group Inc (NYSE:BRS) is a huge mover today! About 1.66M shares traded hands or 66.62% up from the average. Bristow Group Inc (NYSE:BRS) has declined 42.95% since April 4, 2016 and is downtrending. It has underperformed by 44.04% the S&P500.
The move comes after 7 months positive chart setup for the $428.07M company. It was reported on Nov, 4 by Barchart.com. We have $18.60 PT which if reached, will make NYSE:BRS worth $226.88M more.
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. The stock of Bristow Group Inc (NYSE:BRS) earned “Outperform” rating by Cowen & Co on Tuesday, February 16. The company was downgraded on Friday, December 18 by William Blair. Credit Suisse maintained Bristow Group Inc (NYSE:BRS) rating on Friday, August 7. Credit Suisse has “Neutral” rating and $50 price target. On Thursday, October 1 the stock rating was maintained by Oppenheimer with “Outperform”. As per Thursday, September 1, the company rating was maintained by Cowen & Co. The firm has “Neutral” rating by Credit Suisse given on Tuesday, February 9. Oppenheimer initiated Bristow Group Inc (NYSE:BRS) rating on Tuesday, September 15. Oppenheimer has “Outperform” rating and $52 price target. The company was maintained on Monday, November 9 by Oppenheimer. The stock has “Outperform” rating given by Iberia Capital Partners on Thursday, February 18. The company was downgraded on Tuesday, August 16 by Capital One.
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 2016 Q2. Its down 0.01, from 1.12 in 2016Q1. The ratio is 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.
Renaissance Limited Liability Company accumulated 377,600 shares or 0.01% of the stock. Skyline Asset Mngmt Limited Partnership last reported 0.37% of its portfolio in the stock. Aperio Grp Ltd Liability Corp accumulated 0% or 17,434 shares. Sei Investments accumulated 6,039 shares or 0% of the stock. Winslow Asset Inc holds 0.03% of its portfolio in Bristow Group Inc (NYSE:BRS) for 10,240 shares. Tudor Inv Et Al has 0% invested in the company for 15,900 shares. The Michigan-based Ls Investment Advsr Ltd Liability Corporation has invested 0% in Bristow Group Inc (NYSE:BRS). Swiss Bancorp holds 58,000 shares or 0% of its portfolio. Thrivent For Lutherans, a Minnesota-based fund reported 146,704 shares. Dimensional Fund Advsr Ltd Partnership holds 2.91M shares or 0.02% of its portfolio. Ladenburg Thalmann Fincl Svcs reported 1,925 shares or 0% of all its holdings. Moreover, Los Angeles Capital Management And Equity Rech has 0.01% invested in Bristow Group Inc (NYSE:BRS) for 57,296 shares. Pub Sector Pension Invest Board has 24,091 shares for 0% of their US portfolio. First Manhattan reported 90,651 shares or 0.01% of all its holdings. Ariel Invests Lc accumulated 1.36% or 9.51M shares.
Insider Transactions: Since June 2, 2016, the stock had 10 insider purchases, and 0 insider sales for $652,531 net activity. 5,000 shares were bought by Ware Hilary S, worth $63,034 on Thursday, June 2. Godden Ian also bought $127,926 worth of Bristow Group Inc (NYSE:BRS) shares. $17,257 worth of Bristow Group Inc (NYSE:BRS) was bought by Gompert David C. on Thursday, June 2. Miller L. Don also bought $39,984 worth of Bristow Group Inc (NYSE:BRS) on Thursday, June 2. Akiri Chet bought $64,664 worth of stock or 5,565 shares. Baliff Jonathan bought $99,349 worth of Bristow Group Inc (NYSE:BRS) on Monday, August 15. On Tuesday, June 7 the insider Flick Michael A bought $91,252.
More important recent Bristow Group Inc (NYSE:BRS) news were published by: Fool.com which released: “Weak Earnings, Guidance Grounds Bristow Group Inc’s Stock” on May 26, 2016, also Prnewswire.com published article titled: “Bristow Group Announces Management Change”, Prnewswire.com published: “Bristow Group Promotes Chipman Earle To Senior Vice President, Chief Legal And …” on August 04, 2016. More interesting news about Bristow Group Inc (NYSE:BRS) was released by: Seekingalpha.com and their article: “Bristow Group: Near Term Catalyst For 45% Drop” with publication date: July 22, 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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