Bristow Group Inc (BRS) Bond Prices Fall 2.2%

An issue of Bristow Group Inc (NYSE:BRS) debt fell 2.2% against its face value during trading on Friday. The debt issue has a 6.25% coupon and will mature on October 15, 2022. The debt is now trading at $83.25 and was trading at $83.00 last week. Price changes in a company’s debt in credit markets often predict parallel changes in its share price.

Several research firms have recently weighed in on BRS. Evercore ISI reiterated a “buy” rating and issued a $26.00 target price on shares of Bristow Group in a research note on Monday, February 6th. Barclays PLC lifted their target price on shares of Bristow Group from $20.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 7th. Johnson Rice reiterated an “in-line” rating on shares of Bristow Group in a research note on Tuesday, February 7th. Finally, Zacks Investment Research upgraded shares of Bristow Group from a “hold” rating to a “strong-buy” rating and set a $22.00 target price for the company in a research note on Monday, January 16th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $20.40.

Bristow Group Inc (NYSE:BRS) traded down 0.72% during trading on Friday, hitting $13.79. 210,506 shares of the stock traded hands. Bristow Group Inc has a 52-week low of $9.17 and a 52-week high of $23.62. The firm has a 50-day moving average price of $14.23 and a 200 day moving average price of $15.79. The company’s market cap is $483.96 million.

Bristow Group (NYSE:BRS) last announced its quarterly earnings data on Thursday, February 2nd. The oil and gas company reported ($0.29) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.18. Bristow Group had a negative net margin of 8.09% and a negative return on equity of 2.01%. The business earned $324.40 million during the quarter, compared to analyst estimates of $346.98 million. During the same period last year, the firm posted $0.67 EPS. The company’s revenue was down 19.6% on a year-over-year basis. On average, equities analysts expect that Bristow Group Inc will post ($1.53) EPS for the current year.

Large investors have recently made changes to their positions in the stock. Capital Fund Management S.A. bought a new stake in shares of Bristow Group during the third quarter worth about $670,000. Wells Fargo & Company MN raised its stake in shares of Bristow Group by 18.2% in the third quarter. Wells Fargo & Company MN now owns 36,457 shares of the oil and gas company’s stock worth $511,000 after buying an additional 5,603 shares during the period. First Trust Advisors LP raised its stake in shares of Bristow Group by 72.1% in the third quarter. First Trust Advisors LP now owns 126,207 shares of the oil and gas company’s stock worth $1,769,000 after buying an additional 52,854 shares during the period. Aperio Group LLC raised its stake in shares of Bristow Group by 23.5% in the third quarter. Aperio Group LLC now owns 21,533 shares of the oil and gas company’s stock worth $302,000 after buying an additional 4,099 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Bristow Group by 4.9% in the third quarter. Bank of New York Mellon Corp now owns 806,505 shares of the oil and gas company’s stock worth $11,308,000 after buying an additional 37,512 shares during the period.

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About Bristow Group

Bristow Group Inc is an industrial aviation services provider and helicopter service provider to the offshore energy industry. The Industrial Aviation Services segment’s operations are conducted primarily through four regions: Europe Caspian, Africa, Americas and Asia Pacific. The Europe Caspian region consists of all its operations and affiliates in Europe and Central Asia, including Norway, the United Kingdom and Turkmenistan.

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