Bristow Group Inc (BRS) is Reiterated by Cowen to Outperform, Lowers Price Target to $ 14

Bristow Group Inc (BRS) was Reiterated by Cowen to “Outperform” while Lowering the Price Target of the company shares to $ 14 from a previous price target of $18 . Cowen advised their investors in a research report released on Sep 1, 2016.

Many Wall Street Analysts have commented on Bristow Group Inc. Bristow Group Inc was Downgraded by CapitalOne to ” Equal Weight” on Aug 16, 2016. Shares were Upgraded by Barclays on Jun 6, 2016 to ” Overweight” and Lowered the Price Target to $ 20 from a previous price target of $22 .

On the company’s financial health, Bristow Group Inc reported $-0.34 EPS for the quarter, missing the analyst consensus estimate by $ -0.15 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.19. The company had revenue of $369.40 million for the quarter, compared to analysts expectations of $394.00 million. The company’s revenue was down -20.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.56 EPS.

Bristow Group Inc opened for trading at $11.62 and hit $12.03 on the upside on Monday, eventually ending the session at $11.84, with a gain of 1.02% or 0.12 points. The heightened volatility saw the trading volume jump to 6,49,528 shares. Company has a market cap of $415 M.

In a different news, on Aug 30, 2016, Chet Akiri (officer ) purchased 5,565 shares at $11.62 per share price. According to the SEC, on Aug 15, 2016, Jonathan Baliff (CEO) purchased 8,200 shares at $12.12 per share price. On Jun 8, 2016, Michael A Flick (director) purchased 5,578 shares at $16.36 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.

Bristow Group Inc

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