Bristow Group (BRS) Reaches New 12-Month Low at $0.32

Bristow Group Inc (NYSE:BRS)’s share price reached a new 52-week low on Thursday . The company traded as low as $0.32 and last traded at $0.32, with a volume of 11763 shares. The stock had previously closed at $0.37.

A number of equities analysts have weighed in on the company. Zacks Investment Research downgraded Bristow Group from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. ValuEngine downgraded Bristow Group from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 1st.

The company has a debt-to-equity ratio of 1.43, a current ratio of 2.21 and a quick ratio of 1.85. The stock has a market capitalization of $15.68 million, a price-to-earnings ratio of -0.15 and a beta of 2.43.

Bristow Group (NYSE:BRS) last released its quarterly earnings results on Monday, February 11th. The oil and gas company reported ($0.57) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.02. Bristow Group had a negative return on equity of 8.62% and a negative net margin of 25.79%. The firm had revenue of $331.33 million during the quarter, compared to the consensus estimate of $352.70 million. During the same quarter in the prior year, the firm posted ($0.52) EPS.

A number of large investors have recently added to or reduced their stakes in BRS. Bank of New York Mellon Corp boosted its stake in Bristow Group by 10.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 415,553 shares of the oil and gas company’s stock valued at $5,040,000 after acquiring an additional 38,447 shares during the last quarter. BlackRock Inc. boosted its stake in Bristow Group by 14.4% during the 3rd quarter. BlackRock Inc. now owns 5,035,060 shares of the oil and gas company’s stock valued at $61,075,000 after acquiring an additional 633,452 shares during the last quarter. Jane Street Group LLC boosted its stake in Bristow Group by 128.0% during the 3rd quarter. Jane Street Group LLC now owns 20,018 shares of the oil and gas company’s stock valued at $243,000 after acquiring an additional 91,589 shares during the last quarter. MetLife Investment Advisors LLC boosted its stake in Bristow Group by 50.5% during the 3rd quarter. MetLife Investment Advisors LLC now owns 25,658 shares of the oil and gas company’s stock valued at $311,000 after acquiring an additional 8,614 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in Bristow Group by 112.6% during the 3rd quarter. AQR Capital Management LLC now owns 29,067 shares of the oil and gas company’s stock valued at $353,000 after acquiring an additional 15,396 shares during the last quarter.

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About Bristow Group (NYSE:BRS)

Bristow Group Inc provides industrial aviation services to the offshore energy companies in Europe Caspian, Africa, the Americas, and the Asia Pacific. The company offers helicopter charter services to transport personnel between onshore bases and offshore production platforms, drilling rigs, and other installations, as well as to transport time-sensitive equipment to these offshore locations.

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