Last $1.26 USD
Change Today +0.10 / 8.62%
Volume 82.0K
FES On Other Exchanges
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As of 8:10 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

forbes energy services ltd (FES) Snapshot

Open
$1.21
Previous Close
$1.16
Day High
$1.32
Day Low
$1.19
52 Week High
07/17/14 - $5.75
52 Week Low
12/16/14 - $0.95
Market Cap
27.5M
Average Volume 10 Days
132.6K
EPS TTM
$-0.41
Shares Outstanding
21.8M
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, 2013, it utilized a fleet of 167 owned well servicing rigs, which included 157 workover rigs and 10 swabbing rigs; 5 coiled tubing spreads; 9 tubing testing units; 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 480 fluid service vacuum trucks, trailers, and other hauling trucks; operated 24 disposal wells; and owned a fleet of 3,208 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.

2,230 Employees
Last Reported Date: 03/26/14

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. 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.

Forbes Energy Services Ltd. Reports Consolidated Unaudited Earnings and Operational Results for the Third Quarter and Nine Months Ended September 30, 2014

Forbes Energy Services Ltd. reported consolidated unaudited earnings and operational results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues of $114,466,000 compared to $104,854,000 a year ago. Loss from continuing operations before taxes was $2,112,000 compared to $8,613,000 a year ago. Loss from continuing operations were $1,543,000 or $0.08 per basic and diluted share against $5,652,000 or $0.27 per basic and diluted share a year ago. Net loss attributable to common shareholders was $1,737,000 or $0.08 per basic and diluted share compared to $5,905,000 or $0.28 per basic and diluted share a year ago. Adjusted EBITDA was $19,544,000 compared to $13,047,000 a year ago. For the nine months period, the company reported total revenues of $337,552,000 compared to $310,274,000 a year ago. Loss from continuing operations before taxes was $5,989,000 compared to $13,073,000 a year ago. Loss from continuing operations were $4,330,000 or $0.23 per basic and diluted share against $8,917,000 or $0.44 per basic and diluted share a year ago. Net loss attributable to common shareholders was $4,912,000 or $0.23 per basic and diluted share compared to $9,794,000 or $0.46 per basic and diluted share a year ago. Adjusted EBITDA was $58,647,000 compared to $50,424,000 a year ago. For the quarter, the company reported total rig hours of 129,362 against 118,860 a year ago. Total truck hours were 271,916 against 281,785 a year ago. For the nine months period, the company reported total rig hours of 382,825 against 327,953 a year ago. Total truck hours were 793,649 against 914,074 a year ago.

Forbes Energy Services Ltd., Q3 2014 Earnings Call, Nov 14, 2014

Forbes Energy Services Ltd., Q3 2014 Earnings Call, Nov 14, 2014

 

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FES Competitors

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Company Last Change
Basic Energy Services Inc $7.98 USD +1.62
Key Energy Services Inc $1.74 USD +0.14
Nuverra Environmental Solutions Inc $6.43 USD -0.09
Pioneer Energy Services Corp $5.99 USD +0.43
Superior Energy Services Inc $21.77 USD +0.99
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