Bristow Group (BRS) Stock Price Down 6.4%

Shares of Bristow Group Inc (NYSE:BRS) were down 6.4% during mid-day trading on Monday . The company traded as low as $0.43 and last traded at $0.44. Approximately 4,100 shares changed hands during trading, a decline of 100% from the average daily volume of 2,632,635 shares. The stock had previously closed at $0.47.

Several research firms have commented on BRS. Zacks Investment Research cut shares of Bristow Group from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. ValuEngine upgraded shares of Bristow Group from a “sell” rating to a “hold” rating in a report on Thursday, January 24th.

The firm has a market cap of $16.94 million, a PE ratio of -0.21 and a beta of 2.72. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.85 and a current ratio of 2.21.

Bristow Group (NYSE:BRS) last issued its quarterly earnings data on Monday, February 11th. The oil and gas company reported ($0.57) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.59) by $0.02. The firm had revenue of $331.33 million during the quarter, compared to analysts’ expectations of $352.70 million. Bristow Group had a negative net margin of 25.79% and a negative return on equity of 8.62%. During the same quarter in the previous year, the company earned ($0.52) earnings per share. As a group, equities research analysts forecast that Bristow Group Inc will post -4.96 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in BRS. FDx Advisors Inc. purchased a new stake in Bristow Group in the 4th quarter worth about $218,000. Vanguard Group Inc raised its holdings in shares of Bristow Group by 6.2% during the third quarter. Vanguard Group Inc now owns 1,726,332 shares of the oil and gas company’s stock valued at $20,940,000 after acquiring an additional 101,123 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Bristow Group by 6.2% during the third quarter. Vanguard Group Inc. now owns 1,726,332 shares of the oil and gas company’s stock valued at $20,940,000 after acquiring an additional 101,123 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Bristow Group by 20.0% during the third quarter. Legal & General Group Plc now owns 75,364 shares of the oil and gas company’s stock valued at $913,000 after acquiring an additional 12,548 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Bristow Group by 143.4% during the third quarter. Renaissance Technologies LLC now owns 796,900 shares of the oil and gas company’s stock valued at $9,666,000 after acquiring an additional 469,500 shares during the last quarter.

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Bristow Group Company Profile (NYSE:BRS)

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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