Bristow Group Inc (BRS) has been under a strong bear grip, hence the stock is down -12.88% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 13.14% in the past 1 week. The stock has risen by 13.2% in the past week indicating that the buyers are active at lower levels, but the stock is down -11.99% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.72% and the 50-Day Moving Average is 8.23%. Bristow Group Inc (NYSE:BRS): stock turned positive on Friday. Though the stock opened at $11.74, the bulls momentum made the stock top out at $12.0499 level for the day. The stock recorded a low of $11.6 and closed the trading day at $11.75, in the green by 0.43%. The total traded volume for the day was 678,015. The stock had closed at $11.7 in the previous days trading.
The company Insiders own 9.6% of Bristow Group Inc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 39.49% . During last six month period, the net percent change held by insiders has seen a change of 39.49%. Also, Brokerage firm Barclays upgrades its rating on Bristow Group Inc (NYSE:BRS). As per the latest information, the brokerage house lowers the price target to $20 per share from a prior target of $22. The shares have been rated Overweight. Previously, the analysts had a Equal-weight rating on the shares. The rating by the firm was issued on June 6, 2016.
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.