Senior Analyst: JP Geygan (email@example.com)
Associate Analyst: Satendar Singh (firstname.lastname@example.org)
Bristow Group Inc. delivered operating results for the quarter ended December 31, 2017 commensurate with a depressed but improving macroeconomic environment. While low levels of offshore oil and gas exploration activity and challenging contract terms brought about by a particularly competitive operating environment continue to hold down operating income, several positive developments and management maneuvers have assuaged near-term investor concerns and positioned the company for improved results going forward. Global Value Research Company (GVRC) therefore reiterates its buy rating and increases its target price to $29.50 from $21.00.