Bristow Group Inc. (BRS) - NYSE
  • Fri, Jul. 22, 2:00 PM
    | Fri, Jul. 22, 2:00 PM | 2 Comments
  • Fri, Jul. 22, 10:49 AM
    • Bristow Group (BRS -5.5%) is sharply lower in early trading, perhaps attributable to a negative blog post by short seller Richard Pearson that predicts a 45% drop in the stock.
    • In addition to the stock's 80% decline since mid-2015 as bankruptcy fears continue to slowly play out, Pearson points out that BRS has suffered a massive impact due to excess unhedged currency exposure to the British pound and the imploding Nigerian naira.
    • The article notes accelerating resignations from management and board members, and that a key replacement director has highlighted specific expertise in bankruptcy.
    • Pearson says the catalyst for a 40%-50% drop in the share price is the upcoming earnings call, with a number of new "surprise" disclosures.
    | Fri, Jul. 22, 10:49 AM
  • Tue, Jul. 5, 5:19 PM
    • Bristow Group (BRS -5.4%) says its chief administration officer, senior VP Hilary Ware, has left the company for personal reasons.
    • Mary Wersebe will serve as acting CAO while the company works to reorganize the role and responsibilities (it says that work is well under way).
    | Tue, Jul. 5, 5:19 PM
  • Tue, Jun. 21, 10:55 AM
    • Bristow Group (NYSE:BRS) is heading lower in early trade, with the stock down 8.2%.
    • BRS shares have fallen over 47% since the beginning of the year.
    | Tue, Jun. 21, 10:55 AM
  • Tue, Jun. 7, 11:25 AM
    • Bristow Group (BRS +2.3%) saw a wave of insider buying last week, notes Insider Monkey.
    • CEO Jonathan Baliff (7.6K shares), CFO Don Miller (3.15K shares), CAO Hilary Ware (5K shares), director David Gompert (1.4K shares), and board member Ian Godden (10K shares) all added to their positions.
    • Shares of Bristow are up 22% over the last five days.
    | Tue, Jun. 7, 11:25 AM | 1 Comment
  • Fri, May 27, 2:45 PM
    | Fri, May 27, 2:45 PM
  • Thu, May 26, 3:22 PM
    • Bristow Group (BRS -28.1%) CEO Jonathan Baliff says for the first time that the helicopter operator may cancel some orders for new aircraft, amid expectations for a continuing decline in energy-related work.
    • In today's earnings conference call, Baliff said the uncertainty has forced BRS to withhold full-year profit guidance, as oil and gas companies cut back on exploration and production, reducing demand for helicopter flights.
    • The CEO said BRS plans to return some helicopters to lessors when leases expire and has been in talks with manufacturers to defer some deliveries, but that cancellations are a possibility.
    • BRS gets ~75% of its revenue from the energy industry, and its FQ4 revenue from the sector fell 29% Y/Y; overall revenue for the quarter fell 10% to $375M, well below analyst consensus of $407M (FQ4 earnings).
    • Now read Bristow Group: Strong sell due to misleading behavior, looming covenant violation, and likely bankruptcy
    | Thu, May 26, 3:22 PM
  • Thu, May 26, 2:00 PM
    | Thu, May 26, 2:00 PM
  • Thu, May 26, 12:45 PM
    | Thu, May 26, 12:45 PM
  • Mon, May 2, 2:12 PM
    | Mon, May 2, 2:12 PM
  • Mon, Feb. 22, 9:53 AM
    • Bristow (BRS +19.8%) is flying high after CEO Jonathan Baliff bought 2,500 shares of the company, taking his total stake to 27,916 shares, or 0.08% of the firm's total market cap.
    • The move comes after board member Ian Godden purchased 2,000 Bristow shares last week, as well as Caledonia Investments taking an 8.08% in the company.
    | Mon, Feb. 22, 9:53 AM
  • Tue, Feb. 9, 12:48 PM
    | Tue, Feb. 9, 12:48 PM
  • Tue, Feb. 9, 11:14 AM
    • Bristow Group (BRS -22.5%) has plunged deep into the red after slashing its dividend after the bell yesterday.
    • Credit Suisse also lowered its price target on the stock from $35 to $20 (with a Neutral rating) following the company's FQ3 results.
    | Tue, Feb. 9, 11:14 AM
  • Thu, Jan. 7, 11:26 AM
    • Crude oil prices likely will stay subdued throughout H1 2016, Oppenheimer's James Schumm says, noting “record pessimism” on futures exchanges and indications from Saudi Arabia that it is preparing for a protracted period of low prices, but he expects oilfield services stocks to recover in H2.
    • Schumm says Halliburton (HAL +0.1%) and Schlumberger (SLB -0.3%) will have an advantage, as their client roster includes the high quality E&P companies whereas smaller oilfield services companies (OIH -0.9%) tend to work for the more marginal players.
    • Oppenheimer also recommends Weatherford (WFT -2.9%), Superior Energy Services (SPN -2.4%), Bristow Group (BRS -2.4%) and Era Group (ERA -5%) in the sector.
    | Thu, Jan. 7, 11:26 AM | 9 Comments
  • Oct. 14, 2013, 12:56 PM
    • Bristow Group (BRS +3.6%) is upgraded to Buy from Speculative Buy with a $98 price target, up from $77, at Global Hunter, which expects BRS to beat the quarter and raise annual guidance which in turn will result in upward revisions to the Street's FY 2015 and 2016 expectations.
    • The firm thinks an improved returns profile, recent share gains likely to accelerate given the stranglehold on the industry's order and options book, and likely 20%-plus earnings growth vs. the 10%-15% guidance will change how investors value the stock, moving away from NAV to earnings.
    | Oct. 14, 2013, 12:56 PM
  • Mar. 26, 2013, 11:53 AM

    Bristow Group (BRS +2.2%) is awarded a new contract to provide civilian search and rescue services for all of the U.K. The provider of helicopter services to the offshore energy industry will supply at least 22 helicopters to be located at 10 bases across the country.

    | Mar. 26, 2013, 11:53 AM
Company Description
Bristow Group, Inc. provides helicopter services to major integrated, national and independent oil and gas companies. Its charter of helicopters transports personnel between onshore bases and offshore production platforms, drilling rigs and other installations. It also offers search-and-rescue... More
Sector: Services
Industry: Air Services, Other
Country: United States