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Last $1.34 USD
Change Today -0.1001 / -6.95%
Volume 19.1K
As of 8:10 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

forbes energy services ltd (FES) Snapshot

Open
$1.35
Previous Close
$1.44
Day High
$1.41
Day Low
$1.32
52 Week High
07/17/14 - $5.75
52 Week Low
01/12/15 - $0.83
Market Cap
29.3M
Average Volume 10 Days
52.0K
EPS TTM
$-0.42
Shares Outstanding
21.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for FORBES ENERGY SERVICES LTD (FES)

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forbes energy services ltd (FES) Details

Forbes Energy Services Ltd., an independent oilfield services contractor, provides a range of well site services for oil and natural gas drilling and producing companies to develop and enhance the production of oil and natural gas in the United States. The company operates in two segments, Well Servicing and Fluid Logistics. The Well Servicing segment offers well maintenance services, including remedial repairs, and removal and replacement of downhole production equipment; well workovers, such as downhole repairs, re-completions, and re-perforations; completion and swabbing services; plugging and abandoning services; and oil and natural gas production tubing testing services. As of December 31, 2014, it utilized a fleet of 169 owned well servicing rigs, which included 158 workover rigs and 11 swabbing rigs; 6 coiled tubing spreads; 9 tubing testing units; 4 electromagnetic scan trucks; and related assets and equipment. The Fluid Logistics segment provides, transports, stores, and disposes various drilling and produced fluids used in oil and natural gas production. This segment is involved in fluid hauling activities; the disposal of salt water, and incidental non-hazardous oil and natural gas wastes produced from oil and natural gas wells; rental of fluid storage tanks for use by oilfield operators to store various fluids at wellsites; and sale and transportation of various chemicals and fluids used in drilling, completion, and workover operations for oil and natural gas wells. It owned or leased 453 fluid service vacuum trucks, trailers, and other hauling trucks; operated 23 disposal wells; and owned a fleet of 3,209 fluid storage tanks. The company has operations in the onshore oil and natural gas producing regions of Texas, as well as in Mississippi and Pennsylvania. Forbes Energy Services Ltd. is headquartered in Alice, Texas.

2,232 Employees
Last Reported Date: 03/27/15

forbes energy services ltd (FES) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $650.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $425.0K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $650.0K
Compensation as of Fiscal Year 2013.

forbes energy services ltd (FES) Key Developments

Forbes Energy Services Ltd. Announces Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Forbes Energy Services Ltd. announced unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenues of $111,726 compared with $109,659 for the same period a year ago. Operating income was $1,619 compared with $2,743 for the same period a year ago. Loss from continuing operations before taxes was $5,392 compared with $4,339 for the same period a year ago. Loss from continuing operations was $3,991 or $0.19 per basic and diluted share compared with $3,880 or $0.19 per basic and diluted share for the same period a year ago. Net loss attributable to common shareholders was $4,185 or $0.19 per basic and diluted share compared with $4,072 or $0.19 per basic and diluted share for the same period a year ago. Adjusted EBITDA was $16,414 compared with $18,038 for the same period a year ago. For the year, the company reported total revenues of $449,278 compared with $419,933 for the same period a year ago. Operating income was $16,838 compared with $10,772 for the same period a year ago. Loss from continuing operations before taxes was $11,381 compared with $17,412 for the same period a year ago. Loss from continuing operations was $8,321 or $0.42 per basic and diluted share compared with $12,797 or $0.64 per basic and diluted share for the same period a year ago. Net loss attributable to common shareholders was $9,097 or $0.42 per basic and diluted share compared with $13,866 or $0.65 per basic and diluted share for the same period a year ago. Adjusted EBITDA was $75,061 compared with $68,462 for the same period a year ago.

Forbes Energy Services Ltd., Q4 2014 Earnings Call, Mar 27, 2015

Forbes Energy Services Ltd., Q4 2014 Earnings Call, Mar 27, 2015

Forbes Energy Services Ltd. Presents at Cowen and Company 4(th) Annual Ultimate Energy Conference, Dec-02-2014 09:10 AM

Forbes Energy Services Ltd. Presents at Cowen and Company 4(th) Annual Ultimate Energy Conference, Dec-02-2014 09:10 AM. Venue: The New York Hilton Midtown, New York, New York, United States.

 

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FES:US $1.34 USD -0.1001

FES Competitors

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Company Last Change
Basic Energy Services Inc $8.57 USD -0.33
Key Energy Services Inc $2.17 USD -0.07
Pioneer Energy Services Corp $6.57 USD -0.10
Schlumberger AG €21.02 EUR 0.00
Superior Energy Services Inc $24.30 USD -0.97
View Industry Companies
 

Industry Analysis

FES

Industry Average

Valuation FES Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.1x
Price/Book 0.3x
Price/Cash Flow 0.6x
TEV/Sales NM Not Meaningful
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