Shares of Bristow Group Inc. (NYSE:BRS) are currently poised at -20.25% from the open today and are trading at $7.60. More than 6,709,992 shares have exchanged hands compared to an average trading volume of 764.19K. At the current pps, the market cap stands at $266.72M. The stock prices of Bristow Group Inc. (NYSE:BRS) are currently trading at -65.27% below its 52 week high and -17.12% above its 52 week low.
Bristow Group Inc. (NYSE:BRS) has been in the news for all the right reasons. Recently, Bristow Group Inc. (NYSE:BRS) announced that it will release financial results for its fiscal 2017 fourth quarter and year ended March 31, 2017,
Bristow Group Inc. (NYSE:BRS) is all set to announce its earnings on May 23/a. As per Zack’s analyst ratings, Bristow Group Inc. (NYSE:BRS) currently has an average brokerage rating of 2.5. On a scale of 1 to 5, a rating of 1 or 2 would indicate a buy, and a rating of 4 or 5 would signify a sell recommendation. A rating of 3 would indicate a hold on the stock. The consensus target price on (NYSE:BRS) is $19 with a high of $25 and a low of $14.
Let’s take a look at the technical analysis.
The Barchart Technical Opinion rating is a 100% Sell with a Strongest short term outlook on maintaining the current direction. Longer term, the trend strength is in the Top 1%. Long term indicators fully support a continuation of the trend.
The Exponential Moving Average (EMA) is similar to a simple moving average (average price over a set period) but it utilizes a weighting factor that exponentially declines from the most recent data point (recent prices are weighted higher than oil prices). EMA analysis compares the short term (5 days and 13 days), intermediate term (20 days) and long term (50 days) EMA’s. The respective EMA’s will give bullish signals when trading above trailing EMA’s and below the current price and vice versa. EMA alerts include crossovers (i.e the 5 day EMA crosses above/below the 20 day EMA) and EMA convergencies (5 day EMA equivalent to 13 day EMA). The 5 day EMA 10.88 is higher than the last trade price suggesting a short term bearish pattern building up. Long term, the 50 day EMA 13.78 is also higher than the current trading price depicting a bearish trend overall.
The relative strength index (RSI) is a momentum oscillator that is able to measure the velocity and magnitude of stock price changes. Momentum is calculated as the ratio of positive price changes to negative price changes. The RSI analysis compares the current RSI against neutral(50), oversold (30) and overbought (70) conditions. Alerts will inform you when stocks recede from oversold/overbought levels or breakthrough neutral (50). The current RSI is 22.15 suggesting a bearish price action.
As such, while we believe Bristow Group Inc. (NYSE:BRS) represents a compelling growth story exposed to several secularly attractive markets, it would be interesting to see how it fairs for long-term investors.
Bristow Group Inc. is a leading provider of helicopter services to the worldwide energy industry. Through its subsidiaries, affiliates and joint ventures, the Company has major transportation operations in the U.S. Gulf of Mexico and the North Sea, and in most of the other major offshore oil and gas producing regions of the world, including Alaska, Australia, Brazil, Mexico, Nigeria, Russia and Trinidad. Additionally, the Company is a leading provider of production management services for oil and gas production facilities in the U.S. Gulf of Mexico.
