Bristow Group (BRS) Downgraded by ValuEngine

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ValuEngine lowered shares of Bristow Group (NYSE:BRS) from a buy rating to a hold rating in a report published on Thursday.

Separately, Zacks Investment Research cut Bristow Group from a hold rating to a sell rating in a research note on Monday, February 18th.

Shares of NYSE:BRS traded down $0.02 during mid-day trading on Thursday, reaching $1.29. The stock had a trading volume of 8,150 shares, compared to its average volume of 2,770,634. The company has a market capitalization of $45.47 million, a price-to-earnings ratio of -0.61 and a beta of 2.73. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.21 and a quick ratio of 1.85. Bristow Group has a twelve month low of $0.96 and a twelve month high of $18.91.

Bristow Group (NYSE:BRS) last announced its quarterly earnings results on Monday, February 11th. The oil and gas company reported ($0.57) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.59) by $0.02. Bristow Group had a negative net margin of 25.79% and a negative return on equity of 8.62%. The business had revenue of $331.33 million for the quarter, compared to the consensus estimate of $352.70 million. During the same period last year, the company posted ($0.52) EPS. Equities research analysts expect that Bristow Group will post -4 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its stake in Bristow Group by 21.6% during the 4th quarter. Geode Capital Management LLC now owns 371,709 shares of the oil and gas company’s stock worth $903,000 after purchasing an additional 66,088 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Bristow Group by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,884,531 shares of the oil and gas company’s stock worth $7,009,000 after purchasing an additional 64,710 shares in the last quarter. FMR LLC increased its stake in Bristow Group by 0.3% during the 4th quarter. FMR LLC now owns 3,402,530 shares of the oil and gas company’s stock worth $8,268,000 after purchasing an additional 9,344 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in Bristow Group during the 4th quarter worth approximately $25,000. Finally, Paloma Partners Management Co bought a new stake in Bristow Group during the 4th quarter worth approximately $63,000.

Bristow Group Company Profile

Bristow Group, Inc engages in the provision of industrial aviation services. It operates through the following geographical segments: Europe Caspian, Africa, America, and Asia Pacific. Its services include helicopter search and rescue, helicopter sales, aircraft maintenance and modifications, transport of personnel for oil and gas company, engineering training, and unmanned aerial vehicle inspection.

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