Last $3.90 USD
Change Today -0.0401 / -1.02%
Volume 10.4K
FES On Other Exchanges
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As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

forbes energy services ltd (FES) Snapshot

Open
$3.90
Previous Close
$3.94
Day High
$3.98
Day Low
$3.80
52 Week High
08/26/13 - $5.31
52 Week Low
02/5/14 - $2.93
Market Cap
84.3M
Average Volume 10 Days
9.4K
EPS TTM
$-0.63
Shares Outstanding
21.6M
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 2012.

forbes energy services ltd (FES) Key Developments

Forbes Energy Services Ltd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013

Forbes Energy Services Ltd. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. Revenues increased to $109.7 million in the fourth quarter of 2013 as compared to $107.0 million reported in the fourth quarter of 2012. GAAP net loss attributable to common shareholders was $4.1 million or $0.19 per basic and diluted share for the fourth quarter of 2013, compared to GAAP net loss attributable to common shareholders of $3.6 million or $0.18 per basic and diluted share for the fourth quarter of 2012. Operating income was $2.7 million against $0.3 million last year. Loss from continuing operations before taxes was $4.3 million against $6.8 million last year. Loss from continuing operations was $3.9 million or $0.19 per basic and diluted share against $4.4 million or $0.22 per basic and diluted share last year. Adjusted EBITDA totaled $18.0 million in the fourth quarter of 2013 compared to $14.4 million in the fourth quarter of 2012. Capital expenditures for the quarter ended December 31, 2013, were approximately $8.4 million and consisted of specialty equipment, including hot oilers and salt water disposal equipment as well as additional well servicing equipment. The company reported consolidated revenues of $419.9 million for the full year of 2013 against $472.6 million last year. GAAP net loss attributable to common shareholders was $13.9 million or $0.65 per basic and diluted share against GAAP net income attributable to common shareholders of $0.8 million or $0.04 per basic and diluted share last year. Operating income was $10.8 million against $33.5 million last year. Loss from continuing operations before taxes was $17.4 million against income from continuing operations before taxes of $5.6 million last year. Loss from continuing operations was $12.8 million or $0.64 per basic and diluted share against income from continuing operations of $2.2 million or $0.07 per basic and diluted share last year. Adjusted EBITDA totaled $68.5 million against $89 million last year. The company announced that it spend about $47 million in CapEx.

Forbes Energy Services Ltd., Q4 2013 Earnings Call, Mar 26, 2014

Forbes Energy Services Ltd., Q4 2013 Earnings Call, Mar 26, 2014

Forbes Energy Services Ltd. Presents at Cowen and Company 3rd Annual Ultimate Oil Services and E&P Conference, Dec-03-2013 02:25 PM

Forbes Energy Services Ltd. Presents at Cowen and Company 3rd Annual Ultimate Oil Services and E&P Conference, Dec-03-2013 02:25 PM. Venue: The New York Hilton Midtown Hotel, 1335 Avenue of the Americas, New York, NY 10019, United States.

 

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Industry Analysis

FES

Industry Average

Valuation FES Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book 0.7x
Price/Cash Flow 2.0x
TEV/Sales NM Not Meaningful
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