Bristow Group (NYSE:VTOL) Shares Break Above 50-Day Moving Average – What’s Next?

Bristow Group Inc. (NYSE:VTOL) shares passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $40.93 and traded as high as $41.70. Bristow Group shares last traded at $41.1150, with a volume of 273,472 shares changing hands.

Latest Bristow Group News

Investors following VTOL have been watching these news items:

• Positive Sentiment: A recent article argues Bristow stock may still be a bargain despite a reported 55% run-up. The headline presents a potentially supportive valuation view, though the supplied article details do not explain its reasoning. Bristow Group (VTOL) Stock Could Be A Bargain On Its 55% Run
• Negative Sentiment: Solus, an insider, reported selling 73,600 shares across transactions from November 10–13 for about $2.98 million. The sales may weigh on sentiment, although Solus retained approximately 2.77 million shares. SEC ownership filing

Analysts Set New Price Targets

VTOL has been the subject of several recent analyst reports. Raymond James Financial restated an “outperform” rating and set a $63.00 price objective on shares of Bristow Group in a research report on Thursday, November 5th. Zacks Research cut Bristow Group from a “hold” rating to a “strong sell” rating in a research report on Friday, November 6th. Finally, Weiss Ratings downgraded Bristow Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $63.00.

Bristow Group Trading Down 0.8%

The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.57 and a current ratio of 1.99. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 15.07 and a beta of 1.22. The business has a fifty day simple moving average of $40.77 and a 200-day simple moving average of $43.85.

Bristow Group (NYSE:VTOL) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.22). Bristow Group had a net margin of 4.98% and a return on equity of 7.47%. The firm had revenue of $437.92 million for the quarter, compared to analyst estimates of $443.25 million. As a group, equities analysts forecast that Bristow Group Inc. will post 2.94 earnings per share for the current fiscal year.

Bristow Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 13th will be given a $0.1250 dividend. This represents a $0.50 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, November 13th. Bristow Group’s dividend payout ratio is 18.66%.

Insider Activity

In other news, Director Lorin Brass sold 3,000 shares of Bristow Group stock in a transaction 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 approximately $603,339.66. The trade was a 17.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alternative Asset Manage Solus sold 61,800 shares of Bristow Group stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $40.37, for a total transaction of $2,494,866.00. Following the transaction, the insider owned 2,778,636 shares in the company, valued at approximately $112,173,535.32. This trade represents a 2.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 127,458 shares of company stock valued at $5,408,465. Insiders own 12.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of VTOL. Public Employees Retirement System of Ohio bought a new stake in shares of Bristow Group in the 2nd quarter valued at about $27,000. Nykredit A S bought a new position in shares of Bristow Group during the second quarter worth about $27,000. Integrated Wealth Concepts LLC bought a new position in shares of Bristow Group during the second quarter worth about $42,000. Allworth Financial LP bought a new position in shares of Bristow Group during the second quarter worth about $43,000. Finally, State of Wyoming acquired a new position in shares of Bristow Group in the second quarter worth approximately $73,000. 93.29% of the stock is owned by institutional investors and hedge funds.

About Bristow Group

Bristow Group, Inc. provides helicopter and other aviation services, primarily supporting offshore energy operations and government customers. Its services include transporting personnel and supplies to offshore installations, as well as search-and-rescue operations and related aviation support. The company serves customers across several regions, including the Americas, Europe, Africa and Australia. Its operations include contracted search-and-rescue services in parts of Europe and the United Kingdom, alongside aviation services for the energy industry.