Bristow Group (NYSE:VTOL) Stock Price Down 0.4% - What's Next?

Key Points

• Bristow Group shares fell 0.4% to about $38.53, with trading volume 18% below the average session level. The stock remains below its 50-day and 200-day moving averages.
• Analysts maintain a “Moderate Buy” consensus, with three Buy ratings and one Hold rating and an average price target of $60, implying substantial upside from the current price.
• The company’s latest quarter showed mixed results: EPS of $0.70 missed estimates of $0.89, while revenue of $411.75 million exceeded expectations. Bristow also pays a quarterly dividend of $0.125, or $0.50 annually, yielding about 1.3%.

Bristow Group Inc. (NYSE:VTOL - Get Free Report)'s stock price was down 0.4% during trading on Wednesday. The company traded as low as $38.47 and last traded at $38.5270. 180,025 shares were traded during mid-day trading, a decline of 18% from the average session volume of 219,552 shares. The stock had previously closed at $38.67.

Wall Street Analyst Weigh In

VTOL has been the topic of several recent research reports. Zacks Research upgraded shares of Bristow Group from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 7th. Weiss Ratings raised shares of Bristow Group from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, October 16th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $60.00.

Bristow Group Trading Down 0.4%

The stock's 50-day moving average price is $42.61 and its 200 day moving average price is $43.83. The firm has a market capitalization of $1.14 billion, a PE ratio of 11.10 and a beta of 1.23. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.26 and a quick ratio of 1.85.

Bristow Group (NYSE:VTOL - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.19). The firm had revenue of $411.75 million for the quarter, compared to analysts' expectations of $407.28 million. Bristow Group had a net margin of 6.66% and a return on equity of 9.82%. On average, sell-side analysts expect that Bristow Group Inc. will post 3.31 EPS for the current fiscal year.

Bristow Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a $0.1250 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.3%. Bristow Group's dividend payout ratio (DPR) is presently 14.41%.

Insider Activity at Bristow Group

In other Bristow Group news, insider Alternative Asset Manage Solus sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $45.85, for a total transaction of $687,750.00. Following the transaction, the insider owned 2,861,796 shares in the company, valued at approximately $131,213,346.60. This represents a 0.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lorin L. Brass sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $42.42, for a total transaction of $127,260.00. Following the transaction, the director owned 14,223 shares in the company, valued at $603,339.66. The trade was a 17.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 53,858 shares of company stock valued at $2,431,989 in the last ninety days. Corporate insiders own 12.80% of the company's stock.

Institutional Trading of Bristow Group

A number of hedge funds and other institutional investors have recently made changes to their positions in VTOL. GAMMA Investing LLC boosted its holdings in Bristow Group by 56.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,782 shares of the company's stock valued at $73,000 after acquiring an additional 642 shares during the period. Engineers Gate Manager LP grew its stake in shares of Bristow Group by 17.4% in the second quarter. Engineers Gate Manager LP now owns 6,160 shares of the company's stock worth $255,000 after acquiring an additional 914 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Bristow Group in the second quarter valued at $42,000. Squarepoint Ops LLC increased its holdings in Bristow Group by 10.6% during the 2nd quarter. Squarepoint Ops LLC now owns 57,920 shares of the company's stock worth $2,393,000 after purchasing an additional 5,533 shares during the period. Finally, Allworth Financial LP increased its holdings in Bristow Group by 128.3% during the 2nd quarter. Allworth Financial LP now owns 1,032 shares of the company's stock worth $43,000 after purchasing an additional 580 shares during the period. Institutional investors and hedge funds own 93.29% of the company's stock.

Bristow Group Company Profile

Bristow Group Inc NYSE: VTOL is a provider of aviation services, specializing in helicopter transportation and support for the offshore energy industry, government agencies and other commercial customers. The company operates helicopters and fixed-wing aircraft to transport personnel and equipment, support offshore installations and provide specialized aviation services.

Bristow's government services include search-and-rescue operations, emergency response and aviation support conducted under long-term contracts.

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