Bristow Group (NYSE:BRS) issued its earnings results on Friday, November 9th. The oil and gas company reported ($0.78) EPS for the quarter, missing analysts’ consensus estimates of ($0.69) by ($0.09), MarketWatch Earnings reports. Bristow Group had a negative net margin of 19.86% and a negative return on equity of 8.16%. The firm had revenue of $334.70 million during the quarter, compared to analyst estimates of $349.80 million. During the same quarter in the previous year, the company posted ($0.88) earnings per share. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year.
Shares of NYSE:BRS traded up $0.19 during trading on Monday, hitting $4.11. 1,437,200 shares of the company’s stock traded hands, compared to its average volume of 705,079. Bristow Group has a 52 week low of $3.66 and a 52 week high of $18.91. The stock has a market capitalization of $140.33 million, a PE ratio of -1.94 and a beta of 2.54. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.21 and a quick ratio of 1.85.
Several research firms recently issued reports on BRS. Credit Suisse Group decreased their price target on Bristow Group from $14.00 to $13.00 and set a “neutral” rating on the stock in a report on Wednesday, August 8th. Zacks Investment Research cut Bristow Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 8th. Finally, ValuEngine upgraded Bristow Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 4th.
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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