Dahlman Rose Starts Bristow Group (BRS) at Buy; See Considerable Opportunity Across Int'l Marktes
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Price: $0.29 --0%
Rating Summary:
6 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
6 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Dahlman Rose initiates coverage on Bristow Group (NYSE: BRS) with a Buy. PT $54.00.
Dahlman analyst says, "We believe the offshore and deepwater spending cycle, currently in its early stages, will present Bristow with considerable opportunities across its international markets. Our estimated 9% increase in 2012 international E&P spending, current offshore rig demand, and the 111 newbuild rig orders since October 1, 2010 (62 jackups, 49 floaters) provide clear visibility to higher offshore and deepwater activity levels over the next several years."
For an analyst ratings summary and ratings history on Bristow Group click here. For more ratings news on Bristow Group click here.
Shares of Bristow Group closed at $46.44 yesterday.
Dahlman analyst says, "We believe the offshore and deepwater spending cycle, currently in its early stages, will present Bristow with considerable opportunities across its international markets. Our estimated 9% increase in 2012 international E&P spending, current offshore rig demand, and the 111 newbuild rig orders since October 1, 2010 (62 jackups, 49 floaters) provide clear visibility to higher offshore and deepwater activity levels over the next several years."
For an analyst ratings summary and ratings history on Bristow Group click here. For more ratings news on Bristow Group click here.
Shares of Bristow Group closed at $46.44 yesterday.
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