What Will Happen to Bristow Group Inc Next? The Stock Just Had Huge Bullish Options Activity

 What Will Happen to Bristow Group Inc Next? The Stock Just Had Huge Bullish Options Activity

In today’s session Bristow Group Inc (BRS) registered an unusually high (1,883) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious BRS increase. With 1,883 contracts traded and 22884 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: BRS161216C00015000 closed last at: $1.15 or 64.3% up. The stock increased 2.94% or $0.44 on November 23, hitting $15.4. About 1.54 million shares traded hands or 49.51% up from the average. Bristow Group Inc (NYSE:BRS) has declined 31.46% since April 22, 2016 and is downtrending. It has underperformed by 36.87% the S&P500.

Analysts await Bristow Group Inc (NYSE:BRS) to report earnings on February, 13. They expect $-0.48 earnings per share, down 171.64% or $1.15 from last year’s $0.67 per share. After $-0.35 actual earnings per share reported by Bristow Group Inc for the previous quarter, Wall Street now forecasts 37.14% negative EPS growth.

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. On Thursday, September 1 the stock rating was maintained by Cowen & Co with “Outperform”. Iberia Capital Partners maintained Bristow Group Inc (NYSE:BRS) rating on Thursday, February 18. Iberia Capital Partners has “Outperform” rating and $20 price target. The firm earned “Neutral” rating on Friday, August 7 by Credit Suisse. The rating was downgraded by Barclays Capital to “Equal Weight” on Tuesday, November 8. The stock has “Outperform” rating given by Oppenheimer on Thursday, October 1. The rating was initiated by Suntrust Robinson on Monday, December 7 with “Neutral”. The stock has “Overweight” rating given by Barclays Capital on Monday, June 6. Oppenheimer maintained the shares of BRS in a report on Monday, November 9 with “Outperform” rating. The rating was initiated by Oppenheimer with “Outperform” on Tuesday, September 15. SunTrust initiated the stock with “Neutral” rating in Monday, December 7 report.

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.
Ridgeworth Capital Mgmt Lc holds 0.06% of its portfolio in Bristow Group Inc (NYSE:BRS) for 586,539 shares. Loomis Sayles Lp owns 891,774 shares or 0.03% of their US portfolio. Texas Permanent School Fund has 26,745 shares for 0% of their US portfolio. Tiaa Cref Invest Management Limited Liability Corp, a New York-based fund reported 101,643 shares. Kennedy Cap Mngmt holds 0.05% of its portfolio in Bristow Group Inc (NYSE:BRS) for 211,352 shares. The Massachusetts-based Factory Mutual Ins has invested 0.01% in Bristow Group Inc (NYSE:BRS). Ajo Lp accumulated 84,536 shares or 0% of the stock. Prudential Fincl accumulated 797,246 shares or 0.02% of the stock. Alliancebernstein Lp owns 62,048 shares or 0% of their US portfolio. Advisory Service Net Limited Com accumulated 200 shares or 0% of the stock. Manufacturers Life Insur Co The holds 0% or 23,440 shares in its portfolio. Credit Suisse Ag, a Switzerland-based fund reported 69,647 shares. Capstone Asset Mngmt owns 15,516 shares or 0.01% of their US portfolio. Afam Capital holds 86,724 shares or 0.16% of its portfolio. Moreover, Tci Wealth Advsrs Inc has 0% invested in Bristow Group Inc (NYSE:BRS) for 34 shares.

Insider Transactions: Since June 2, 2016, the stock had 11 insider buys, and 0 selling transactions for $679,951 net activity. Another trade for 8,200 shares valued at $99,349 was made by Baliff Jonathan on Monday, August 15. Miller L. Don bought $39,984 worth of Bristow Group Inc (NYSE:BRS) on Thursday, June 2. Ware Hilary S bought 5,000 shares worth $63,034. Akiri Chet bought $64,664 worth of stock or 5,565 shares. The insider Godden Ian bought $127,926. Shares for $91,252 were bought by Flick Michael A on Tuesday, June 7. Gompert David C. had bought 1,400 shares worth $17,257 on Thursday, June 2.

Bristow Group Inc. is an industrial aviation services well-known provider and helicopter service well-known provider to the offshore energy industry. The company has a market cap of $586.14 million. The Industrial Aviation Services segment’s activities are conducted primarily through four regions: Europe Caspian, Africa, Americas and Asia Pacific. It currently has negative earnings. The Europe Caspian region consists of all its activities and affiliates in Europe and Central Asia, including Norway, the United Kingdom and Turkmenistan.

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.

More important 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 published article titled: “Bristow Group Enters Into New $200 Million Seven-Year Equipment Financings”, Prnewswire.com published: “Bristow Group Appoints William “Bill” Collins To Senior Vice President Global …” on October 05, 2016. More interesting news about Bristow Group Inc (NYSE:BRS) was released by: Fool.com and their article: “Weak Earnings, Guidance Grounds Bristow Group Inc’s Stock” with publication date: May 26, 2016.

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