Barclays issues “Equal Weight” Rating on Bristow Group Inc (BRS)

Bristow Group Inc (BRS) was Reiterated by Barclays to “Equal Weight” according to the research note released today. The brokerage firm has raised the Price Target to $ 25 from a previous price target of $20 . Barclays advised their Clients and Investors in a research report released on Feb 7, 2017.

On the company’s financial health, Bristow Group Inc reported $-0.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.18 according to the earnings call on Feb 2, 2017. Analyst had a consensus of $-0.47. The company had revenue of $337.44 million for the quarter, compared to analysts expectations of $348.83 million. The company’s revenue was down -19.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.67 EPS.

Several company insiders have filed Insider transactions , on Nov 21, 2016, Ian Godden (director) purchased 2,000 shares at $13.71 per share price. According to the SEC, on Aug 30, 2016, Chet Akiri (officer ) purchased 5,565 shares at $11.62 per share price. On Aug 15, 2016, Jonathan Baliff (CEO) purchased 8,200 shares at $12.12 per share price, according to the Form-4 filing with the securities and exchange commission.

Bristow Group Inc opened for trading at $17.75 and hit $17.89 on the upside on Friday, eventually ending the session at $17.54, with a gain of 1.33% or 0.23 points. The heightened volatility saw the trading volume jump to 7,13,937 shares. Company has a market cap of $616 M.

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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