The stock of Bristow Group Inc (NYSE:BRS) is a huge mover today! About 472,276 shares traded hands. Bristow Group Inc (NYSE:BRS) has declined 40.11% since April 27, 2016 and is downtrending. It has underperformed by 45.34% the S&P500.
The move comes after 5 months positive chart setup for the $530.36 million company. It was reported on Nov, 30 by Barchart.com. We have $17.09 PT which if reached, will make NYSE:BRS worth $42.43 million more.
Analysts await Bristow Group Inc (NYSE:BRS) to report earnings on February, 13. They expect $-0.48 EPS, down 171.64% or $1.15 from last year’s $0.67 per share. After $-0.35 actual EPS 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. As per Tuesday, February 16, the company rating was maintained by Cowen & Co. The rating was maintained by Oppenheimer on Monday, November 9 with “Outperform”. On Monday, June 6 the stock rating was upgraded by Barclays Capital to “Overweight”. Oppenheimer initiated Bristow Group Inc (NYSE:BRS) rating on Tuesday, September 15. Oppenheimer has “Outperform” rating and $52 price target. The stock has “Neutral” rating given by Credit Suisse on Friday, August 7. The stock of Bristow Group Inc (NYSE:BRS) earned “Neutral” rating by Suntrust Robinson on Monday, December 7. The stock has “Neutral” rating given by SunTrust on Monday, December 7. The stock has “Outperform” rating given by Iberia Capital Partners on Thursday, February 18. William Blair downgraded the stock to “Market Perform” rating in Friday, December 18 report. The rating was maintained by Cowen & Co with “Outperform” on Thursday, September 1.
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 Q2 2016. Its down 0.25, from 1.11 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.
Louisiana State Employees Retirement Systems reported 15,500 shares or 0.01% of all its holdings. Macquarie Gru Limited has 39,700 shares for 0% of their US portfolio. Gsa Prtn Llp accumulated 0.01% or 23,752 shares. Swiss Bancshares last reported 0% of its portfolio in the stock. Ladenburg Thalmann last reported 0% of its portfolio in the stock. Teachers Retirement Systems Of The State Of Kentucky last reported 0% of its portfolio in the stock. Fmr Lc holds 0% or 354,300 shares in its portfolio. Tudor Investment Corporation Et Al last reported 15,900 shares in the company. Mackenzie holds 0.01% or 192,298 shares in its portfolio. Cushing Asset Limited Partnership holds 0.03% or 61,905 shares in its portfolio. Renaissance Technologies Ltd Liability last reported 377,600 shares in the company. Thompson Siegel And Walmsley Limited Liability Company holds 0% of its portfolio in Bristow Group Inc (NYSE:BRS) for 56 shares. Moreover, Blackrock Institutional Trust Na has 0% invested in Bristow Group Inc (NYSE:BRS) for 856,461 shares. Rhumbline Advisers has 53,637 shares for 0% of their US portfolio. Da Davidson And Commerce holds 0.01% of its portfolio in Bristow Group Inc (NYSE:BRS) for 25,000 shares.
Insider Transactions: Since June 2, 2016, the stock had 6 insider buys, and 0 insider sales for $333,097 net activity. Shares for $39,984 were bought by Miller L. Don. The insider Flick Michael A bought $91,252. Baliff Jonathan also bought $98,653 worth of Bristow Group Inc (NYSE:BRS) shares. 10,000 Bristow Group Inc (NYSE:BRS) shares with value of $127,926 were bought by Godden Ian. Another trade for 5,565 shares valued at $64,664 was bought by Akiri Chet. The insider Gompert David C. bought $17,257. On Thursday, June 2 the insider Ware Hilary S bought $63,034.
More notable 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 with their article: “Bristow Group To Present At The Jefferies 2016 Energy Conference” published on November 29, 2016, Prnewswire.com published: “Bristow Group Enters Into New $200 Million Seven-Year Equipment Financings” on November 14, 2016. More interesting news about Bristow Group Inc (NYSE:BRS) were released by: Prnewswire.com and their article: “Bristow Group Appoints William “Bill” Collins To Senior Vice President Global …” published on October 05, 2016 as well as Fool.com‘s news article titled: “Weak Earnings, Guidance Grounds Bristow Group Inc’s Stock” with publication date: May 26, 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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