Bristow Group Inc (BRS) was Upgraded by Barclays to ” Overweight” while Lowering the Price Target of the company shares to $ 20 from a previous price target of $22 . Earlier the firm had a rating of “Equal Weight ” on the company shares. Barclays advised their investors in a research report released on Jun 6, 2016.
On the company’s financial health, Bristow Group Inc reported $0.04 EPS for the quarter, missing the analyst consensus estimate by $ -0.77 based on the information available during the earnings call on Nov 5, 2015. Analyst had a consensus of $0.81. The company had revenue of $446.91 million for the quarter, compared to analysts expectations of $452.32 million. The company’s revenue was down -6.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.87 EPS.
Bristow Group Inc opened for trading at $12.95 and hit $13.88 on the upside on Friday, eventually ending the session at $13.52, with a gain of 5.96% or 0.76 points. The heightened volatility saw the trading volume jump to 17,28,232 shares. Company has a market cap of $473 M.
Investors should note that on May 24, 2016, Bristow Group Inc announced a cash dividend of $0.0700. The company’s management has announced Jun 10, 2016 as the ex-dividend date and fixed the record date on Jun 14, 2016. The payable date has been fixed on Jun 29, 2016.
In a different news, on Jun 2, 2016, L. Don Miller (officer ) purchased 3,150 shares at $12.69 per share price. According to the SEC, on Jun 2, 2016, Hilary S Ware (officer ) purchased 5,000 shares at $12.61 per share price. On Jun 2, 2016, David C. Gompert (director) purchased 1,400 shares at $12.33 per share price, according to the Form-4 filing with the securities and exchange commission.
Bristow Group Inc. is a provider of helicopter services to the offshore energy industry with global operations. The Company has transportation operations in the North Sea Nigeria and the United States Gulf of Mexico and in most of the other offshore energy producing regions of the world including Australia Brazil Canada Russia and Trinidad. It provides private sector search and rescue (SAR) services in Australia Canada Norway Russia and Trinidad and provides public sector SAR services in North Scotland on behalf of the Maritime & Coastguard Agency. It conducts its business in the Helicopter Services segment. Its Helicopter Services segment operations are conducted primarily through five business units: Europe West Africa North America Australia and Other International. It provides helicopter services to a base of integrated national and independent offshore energy companies. It also operates a training business unit Bristow Academy and provides technical services.