 | Your browser does not display parts of our website correctly. We use the latest technology available to provide you with a high quality experience; please upgrade your browser to its latest version to view the contents properly: |
Bristow Group (BRS) provides helicopter services to the offshore energy industry primarily in Europe, West Africa, North America, and Australia.
Its helicopters are used principally to transport personnel between onshore bases and offshore production platforms, drilling rigs, and other installations, as well as to transport time-sensitive equipment to these offshore locations.
The company also offers helicopter flight training services to commercial pilots and flight instructors through its Bristow Academy; In addition, it provides military training; and helicopter repair, engineering support, airport management, maintenance and support, and search and rescue services.
The company provides its helicopter services to integrated, national, and independent oil and gas companies. As of March 31, 2012, it operated a fleet of 556 aircraft. Shares have formed a bullish "cup & handle" and prices are expected to move higher out of this formation.
We are now hearing rumors of good news for this company. One of the rumors states that this stock will be named by the leading stock advisory service as one of its "top picks." This service is widely followed by mutual funds and institutional money managers. These investors have portfolios that mimic recommendations of this service. Their naming of the stock should lead to additional demand for the shares.
52-Week Trading Range: $37.92 - $52.26
Last Trade: $48.70
Stop Loss: $46.26
Target Price: $53.57
Stock did not achieve our 10% upside target. We closed the position and moved the funds into a more active stock.
