An issue of Bristow Group Inc (NYSE:BRS) debt fell 1.3% as a percentage of its face value during trading on Thursday. The high-yield debt issue has a 8.75% coupon and will mature on March 1, 2023. The bonds in the issue are now trading at $74.00 and were trading at $77.75 one week ago. Price moves in a company’s debt in credit markets often anticipate parallel moves in its share price.

BRS has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Bristow Group from a “sell” rating to a “hold” rating in a report on Wednesday, February 27th. Credit Suisse Group reduced their target price on shares of Bristow Group from $13.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, November 14th. Finally, ValuEngine upgraded shares of Bristow Group from a “sell” rating to a “hold” rating in a report on Thursday, January 24th.

NYSE:BRS traded down $0.06 during mid-day trading on Thursday, hitting $1.09. 2,070,579 shares of the stock traded hands, compared to its average volume of 2,260,656. The company has a market capitalization of $36.51 million, a price-to-earnings ratio of -0.51 and a beta of 2.73. Bristow Group Inc has a 52 week low of $0.96 and a 52 week high of $18.91. The company has a current ratio of 2.21, a quick ratio of 1.85 and a debt-to-equity ratio of 1.43.

Bristow Group (NYSE:BRS) last issued its quarterly earnings results on Monday, February 11th. The oil and gas company reported ($0.57) EPS for the quarter, beating the consensus estimate of ($0.59) by $0.02. The company had revenue of $331.33 million for the quarter, compared to the consensus estimate of $352.70 million. Bristow Group had a negative net margin of 25.79% and a negative return on equity of 8.62%. During the same period in the prior year, the firm posted ($0.52) EPS. As a group, equities analysts forecast that Bristow Group Inc will post -5.43 EPS for the current fiscal year.

Large investors have recently modified their holdings of the stock. Municipal Employees Retirement System of Michigan bought a new position in Bristow Group during the 4th quarter valued at about $25,000. Schneider Capital Management Corp bought a new position in Bristow Group in the 3rd quarter worth about $133,000. Oregon Public Employees Retirement Fund bought a new position in Bristow Group in the 4th quarter worth about $33,000. Jane Street Group LLC grew its stake in Bristow Group by 128.0% in the 3rd quarter. Jane Street Group LLC now owns 20,018 shares of the oil and gas company’s stock worth $243,000 after acquiring an additional 91,589 shares in the last quarter. Finally, MetLife Investment Advisors LLC grew its stake in Bristow Group by 50.5% in the 3rd quarter. MetLife Investment Advisors LLC now owns 25,658 shares of the oil and gas company’s stock worth $311,000 after acquiring an additional 8,614 shares in the last quarter.

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About Bristow Group (NYSE:BRS)

Bristow Group, Inc engages in the provision of industrial aviation services. It operates through the following geographical segments: Europe Caspian, Africa, America, and Asia Pacific. Its services include helicopter search and rescue, helicopter sales, aircraft maintenance and modifications, transport of personnel for oil and gas company, engineering training, and unmanned aerial vehicle inspection.

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