Bristow Group Inc. (NYSE:VTOL – Get Free Report) Director Lorin Brass sold 350 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $46.03, for a total transaction of $16,110.50. Following the transaction, the director owned 18,223 shares in the company, valued at approximately $838,804.69. This represents a 1.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
Bristow Group Stock Down 0.1%
NYSE:VTOL traded down $0.03 during trading hours on Wednesday, reaching $45.33. The company’s stock had a trading volume of 308,137 shares, compared to its average volume of 223,336. The company has a market capitalization of $1.34 billion, a P/E ratio of 13.06 and a beta of 1.19. Bristow Group Inc. has a 12 month low of $35.03 and a 12 month high of $50.38. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.85 and a current ratio of 2.26. The stock has a 50 day moving average price of $44.49 and a two-hundred day moving average price of $44.85.
Bristow Group (NYSE:VTOL – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.19). The company had revenue of $411.75 million for the quarter, compared to analysts’ expectations of $407.28 million. Bristow Group had a return on equity of 9.82% and a net margin of 6.66%. Equities analysts predict that Bristow Group Inc. will post 3.31 EPS for the current fiscal year.
Bristow Group Dividend Announcement
Analysts Set New Price Targets
VTOL has been the topic of several analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bristow Group in a report on Friday, May 29th. Zacks Research raised Bristow Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Finally, Wall Street Zen cut Bristow Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Bristow Group has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.
Read Our Latest Stock Report on Bristow Group
Institutional Trading of Bristow Group
Institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in Bristow Group during the 2nd quarter worth approximately $25,000. Public Employees Retirement System of Ohio purchased a new position in shares of Bristow Group in the second quarter worth $27,000. Nykredit A S acquired a new stake in shares of Bristow Group during the second quarter worth $27,000. Clearstead Advisors LLC lifted its stake in shares of Bristow Group by 1,450.7% during the fourth quarter. Clearstead Advisors LLC now owns 1,070 shares of the company’s stock worth $39,000 after buying an additional 1,001 shares during the period. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Bristow Group by 1,645.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,117 shares of the company’s stock valued at $41,000 after buying an additional 1,053 shares during the last quarter. 93.29% of the stock is currently owned by institutional investors and hedge funds.
Bristow Group Company Profile
Bristow Group Inc is a global provider of helicopter services to the offshore energy industry and search-and-rescue (SAR) operations worldwide. The company specializes in the safe and efficient transport of personnel, equipment and supplies to offshore oil and gas platforms, as well as emergency response and medevac services. Bristow’s operations support exploration, production and decommissioning activities, helping energy companies maintain continuity of production in some of the world’s most challenging environments.
The company maintains a diverse fleet of turbine-powered helicopters, including medium- and heavy-lift aircraft such as the Sikorsky S-92, Airbus H225 (formerly EC225) and Leonardo AW189.
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