Bristow Group, Inc. (BRS) continues to set new highs after breaking through resistance.
Company Description
Bristow Group provides helicopter services to the offshore energy industry, worldwide. The company provides transportation, maintenance, search and rescue, and related services to companies with offshore drilling platforms.
Estimates are Steady
Right now the estimates are unchanged since the original feature. However, the company has streamlined its operations, which could lead to reduced costs in the future.
Also, 2 analysts reaffirmed their projections for this year and next year, in the past couple weeks. While these forecasts are unchanged, both years from both analysts are above the current Zacks Consensus.
The Chart
After the November 27th feature, shares of BRS broke through a key level of resistance. The stock has a great upward tread going right now and valuations remain cheap.
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Bill Wilton is the Growth Stock Strategist for Zacks.com. He is also the Editor in charge of the market-beating Zacks Growth Trader serviceZacks Investment Research
