Bristow given “Outperform” rating by Zacks analysts

Bristow given “Outperform” rating by Zacks analysts

16-Jan-2011 Source: Zacks

Equities research analysts at Zacks Investment Research reiterated an “outperform” rating on shares ofBristow Group Inc. (NYSE: BRS) in a research note to clients and investors on Wednesday.

Separately, analysts at Howard Weil raised their price target on shares of Bristow Group Inc. from $48.00 to $54.00 in a research note to investors on Monday, December 20th. They now have a “market perform” rating on the stock.

Bristow Group Inc. (Bristow Group) is a provider of helicopter services to the worldwide offshore energy industry and one of two helicopter service providers to the offshore energy industry with global operations. The Company has operations in offshore oil and gas producing regions of the world, including the North Sea, the United States Gulf of Mexico, Nigeria, Australia and Latin America, and it generated 80% of its revenues from international operations during the fiscal year ended March 31, 2010 (fiscal 2010). The Company conducts its business in one segment: Helicopter Services. The Helicopter Services segment operations are conducted primarily through five business units: North America, Europe, West Africa, Australia and Other International. Bristow Group provides helicopter services to a base of integrated, national and independent oil and gas companies. The Company’s small helicopters operate primarily in the shallow waters of the United States Gulf of Mexico and Nigeria.

Shares of Bristow Group Inc. (NYSE: BRS) traded down 0.73% during mid-day trading on Friday, hitting $47.32. Bristow Group Inc. has a 52 week low of $28.32 and a 52 week high of $48.63. The stock’s 50-day moving average is $46.50 and its 200-day moving average is $38.41. On average, analysts predict that Bristow Group Inc. will post $0.93 EPS next quarter. The company has a market cap of $1.714 billion and a price-to-earnings ratio of 15.15.

For more information about Zacks Investment Research‘s equity research offerings, visit Zacks.com.

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