Barclays Maintains an 'Equalweight' on Bristow Group (BRS); FY2012: Back-Half Earnings Ramp
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Price: $0.29 --0%
Rating Summary:
6 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
6 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Barclays maintains an 'Equalweight' on Bristow Group (NYSE: BRS) price target of $54.00.
Barclays analyst says, "We continue to believe Bristow will capitalize on the
expansion in offshore and particularly deepwater spending which will occur over the next decade. The ongoing new rig construction cycle and a gradual but unfolding recovery in the U.S. Gulf of Mexico also provide increased intermediate and long-term earnings visibility. We expect a significant rebound in earnings in the back half of FY2012 and further acceleration in activity in FY2013." (Barclays lowers FY12 EPS estimate from $3.85 to $3.80, leaves FY13 at $4.80)
For more ratings news on Bristow Group click here and for the rating history of Bristow Group click here.
Shares of Bristow Group closed at $41.49 yesterday.
Barclays analyst says, "We continue to believe Bristow will capitalize on the
expansion in offshore and particularly deepwater spending which will occur over the next decade. The ongoing new rig construction cycle and a gradual but unfolding recovery in the U.S. Gulf of Mexico also provide increased intermediate and long-term earnings visibility. We expect a significant rebound in earnings in the back half of FY2012 and further acceleration in activity in FY2013." (Barclays lowers FY12 EPS estimate from $3.85 to $3.80, leaves FY13 at $4.80)
For more ratings news on Bristow Group click here and for the rating history of Bristow Group click here.
Shares of Bristow Group closed at $41.49 yesterday.
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