Forbes Energy Services Ltd.
Forbes Energy Services Ltd.
Your view on FLSS
Overview
What the company does, where it operates, and who runs it.
About Forbes Energy Services Ltd.
- Industry
- Oil & Gas Equipment & Services
- Sector
- Energy
- CEO
- John E. Crisp
- Headquarters
- 3000 South Business Highway 281, Alice, TX, US
- Industry
- Oil & Gas Equipment & Services
- Sector
- Energy
- CEO
- John E. Crisp
- Headquarters
- 3000 South Business Highway 281, Alice, TX, US
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. It operates through three segments: Well Servicing, Coiled Tubing, 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 abandonment services; and pressure testing services of oil and natural gas production and scanning tubing for pitting and wall thickness.
The Coiled Tubing segment provides various services, such as horizontal completions, well bore clean-outs and maintenance, nitrogen, thru-tubing, formation stimulation using acid and other chemicals, and other pre-and post-hydraulic fracturing well preparation services.
The Fluid Logistics segment 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 well sites; and sale and transportation of various chemicals and fluids used in drilling, completion, and workover operations for oil and natural gas wells.
As of December 31, 2019, the company operated a fleet of 141 well servicing rigs comprising 134 workover rigs and 7 swabbing rigs; 103 fluid service vacuum trucks, trailers, and other hauling trucks; 11 disposal wells; 2,534 fluid storage tanks; and 14 coiled tubing units.
Forbes Energy Services, Ltd. was founded in 2003 and is headquartered in Alice, Texas.
Media
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Stock Data
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Fair Value
What FRC thinks it is worth vs. the current price.
FRC's fair value estimate for Forbes Energy Services Ltd., and the rating behind it. FLSS last traded at $0.0000; the estimate is read against that market price. FRC analysts run the firm's valuation model across the companies on this platform to estimate what each one is worth, rather than republishing a consensus average. Shows the current estimate, our rating, and when it was last revised. A free account covers 7 company valuations a month; a paid subscription is unlimited.
Financial Ratios
Profitability, returns, valuation, and leverage ratios.
Valuation, profitability, liquidity and leverage ratios for Forbes Energy Services Ltd.. Starting points for Forbes Energy Services Ltd.: EPS -$12.50, beta 19.90 — an Oil & Gas Equipment & Services name. P/E, P/B, EV/EBITDA, margins, return on equity, current ratio and debt coverage, each shown against the company's own history.
Dividend Analysis
Yield, payout ratio, and dividend coverage metrics.
Dividend history, yield and payout sustainability for Forbes Energy Services Ltd.. Forbes Energy Services Ltd. does not currently pay a regular dividend, so this section tracks capacity rather than history. Per-share payments, yield over time, payout ratio and growth streak, with coverage measured against free cash flow.
Earnings Analysis
EPS history, beat rate, and upcoming earnings reports.
Reported vs. expected earnings history for Forbes Energy Services Ltd.. Trailing twelve-month EPS for Forbes Energy Services Ltd. stands at -$12.50. EPS surprises by quarter, revenue against estimates, and the upcoming reporting date.
Financial Statements
Income statement, balance sheet, and cash flow statements.
Income statement, balance sheet and cash flow history for Forbes Energy Services Ltd.. Forbes Energy Services Ltd. has reported as a listed company since 2008. Annual and quarterly filings with period-over-period comparison, so you can trace how revenue, margins and cash generation have moved.
Comparables
List of peer companies in the same industry.
Forbes Energy Services Ltd. valued side by side against its closest peers. Forbes Energy Services Ltd. is measured against Oil & Gas Equipment & Services peers within the Energy sector. Peer-relative multiples and operating metrics, so the valuation is read in the context of its own sector rather than in isolation.
Institutional Ownership
PremiumWhich funds and firms own the stock.
Which institutions hold Forbes Energy Services Ltd., and how their positions are changing. At a $72 market value, institutional positions materially move Forbes Energy Services Ltd.'s register. Top holders, position sizes, and quarter-over-quarter accumulation or distribution from regulatory filings. Included with FRC Premium.
Insider Trading
PremiumRecent buying and selling by company executives.
Buying and selling by Forbes Energy Services Ltd. executives and directors. Shares of Forbes Energy Services Ltd. have traded between $0.0000 and $0.0001 over the past 52 weeks — context for the timing of the transactions below. Insider transactions as disclosed to regulators, with role, size and date — the clearest read on how the people running the company are positioned. Included with FRC Premium.
Senate Trading
PremiumU.S. Senator disclosures filed under the STOCK Act.
U.S. Senate disclosures naming Forbes Energy Services Ltd.. Forbes Energy Services Ltd. is a $72 Energy company. Senators' reported transactions in this security, alongside the fundamentals — a signal most research platforms leave out entirely. Included with FRC Premium.
House Trading
PremiumU.S. Representative disclosures filed under the STOCK Act.
U.S. House of Representatives disclosures naming Forbes Energy Services Ltd.. Representatives' reported transactions in this security, shown next to the company's fundamentals. Included with FRC Premium.
News
Latest headlines and market coverage.
Latest headlines and company announcements for Forbes Energy Services Ltd.. Coverage tracks Forbes Energy Services Ltd. within Oil & Gas Equipment & Services (Energy). Press releases and market coverage, newest first.