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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash to Debt 0.09
FES's Cash to Debt is ranked higher than
59% of the 442 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.41 vs. FES: 0.09 )
FES' s 10-Year Cash to Debt Range
Min: 0.05   Max: 0.14
Current: 0.09

0.05
0.14
Equity to Asset 0.24
FES's Equity to Asset is ranked higher than
54% of the 437 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.52 vs. FES: 0.24 )
FES' s 10-Year Equity to Asset Range
Min: 0.23   Max: 0.33
Current: 0.24

0.23
0.33
Interest Coverage 0.38
FES's Interest Coverage is ranked higher than
50% of the 309 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 12.54 vs. FES: 0.38 )
FES' s 10-Year Interest Coverage Range
Min: 0.17   Max: 7.33
Current: 0.38

0.17
7.33
F-Score: 2
Z-Score: 0.63
M-Score: -3.23
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating margin (%) 2.57
FES's Operating margin (%) is ranked higher than
63% of the 452 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 10.81 vs. FES: 2.57 )
FES' s 10-Year Operating margin (%) Range
Min: -13.37   Max: 28.04
Current: 2.57

-13.37
28.04
Net-margin (%) -3.12
FES's Net-margin (%) is ranked higher than
60% of the 452 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 6.57 vs. FES: -3.12 )
FES' s 10-Year Net-margin (%) Range
Min: -13.58   Max: 24.32
Current: -3.12

-13.58
24.32
ROE (%) -10.82
FES's ROE (%) is ranked higher than
58% of the 447 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 8.33 vs. FES: -10.82 )
FES' s 10-Year ROE (%) Range
Min: -20.02   Max: 83.18
Current: -10.82

-20.02
83.18
ROA (%) -2.62
FES's ROA (%) is ranked higher than
59% of the 451 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 4.25 vs. FES: -2.62 )
FES' s 10-Year ROA (%) Range
Min: -6.41   Max: 25.11
Current: -2.62

-6.41
25.11
ROC (Joel Greenblatt) (%) 2.73
FES's ROC (Joel Greenblatt) (%) is ranked higher than
62% of the 452 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 13.09 vs. FES: 2.73 )
FES' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -8.83   Max: 36.03
Current: 2.73

-8.83
36.03
Revenue Growth (%) 12.50
FES's Revenue Growth (%) is ranked higher than
81% of the 378 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 10.00 vs. FES: 12.50 )
FES' s 10-Year Revenue Growth (%) Range
Min: 0   Max: 17.1
Current: 12.5

0
17.1
EBITDA Growth (%) 12.80
FES's EBITDA Growth (%) is ranked higher than
82% of the 335 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 7.20 vs. FES: 12.80 )
FES' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: 72.6
Current: 12.8

0
72.6
EPS Growth (%) -4.70
FES's EPS Growth (%) is ranked higher than
76% of the 288 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 4.70 vs. FES: -4.70 )
FES' s 10-Year EPS Growth (%) Range
Min: 0   Max: -4.7
Current: -4.7

» FES's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q4 2012

FES Guru Trades in Q4 2012

Jim Simons Sold Out
» More
Q2 2013

FES Guru Trades in Q2 2013

Jim Simons 25,814 sh (New)
» More
Q3 2013

FES Guru Trades in Q3 2013

Jim Simons 48,079 sh (+86.25%)
» More
Q4 2013

FES Guru Trades in Q4 2013

Jim Simons 52,103 sh (+8.37%)
» More
» Details

Insider Trades

Latest Guru Trades with FES



No Insider Trades Found!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/B 0.70
FES's P/B is ranked higher than
90% of the 433 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.60 vs. FES: 0.70 )
FES' s 10-Year P/B Range
Min: 0.31   Max: 1.56
Current: 0.7

0.31
1.56
P/S 0.20
FES's P/S is ranked higher than
95% of the 457 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.37 vs. FES: 0.20 )
FES' s 10-Year P/S Range
Min: 0.1   Max: 0.53
Current: 0.2

0.1
0.53
PFCF 5.90
FES's PFCF is ranked higher than
89% of the 228 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 18.54 vs. FES: 5.90 )
FES' s 10-Year PFCF Range
Min: 4.63   Max: 23
Current: 5.9

4.63
23
EV-to-EBIT 33.30
FES's EV-to-EBIT is ranked lower than
63% of the 395 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 15.20 vs. FES: 33.30 )
FES' s 10-Year EV-to-EBIT Range
Min: 6.5   Max: 44.1
Current: 33.3

6.5
44.1

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 0.90
FES's Price/Tangible Book is ranked higher than
88% of the 425 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 2.00 vs. FES: 0.90 )
FES' s 10-Year Price/Tangible Book Range
Min: 0.51   Max: 1.66
Current: 0.9

0.51
1.66
Price/Median PS Value 1.00
FES's Price/Median PS Value is ranked higher than
64% of the 419 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.90 vs. FES: 1.00 )
FES' s 10-Year Price/Median PS Value Range
Min: 0.62   Max: 1.55
Current: 1

0.62
1.55
Earnings Yield (Greenblatt) 3.00
FES's Earnings Yield (Greenblatt) is ranked lower than
52% of the 402 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 6.40 vs. FES: 3.00 )
FES' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.3   Max: 15.4
Current: 3

2.3
15.4
Forward Rate of Return (Yacktman) -44.27
FES's Forward Rate of Return (Yacktman) is ranked higher than
60% of the 337 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 2.32 vs. FES: -44.27 )
FES' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -126.2   Max: -50.9
Current: -44.27

-126.2
-50.9

Business Description

Industry: Oil & Gas - Services » Oil & Gas Equipment & Services
Compare: » details
Forbes Energy Services Ltd was organized as a Bermuda exempt company on April 9, 2008 to be the holding company for FES LLC and its subsidiaries. The Company is an independent oilfield services contractor that provides a range of well site services to oil and natural gas drilling and producing companies to help develop and enhance the production of oil and natural gas. These services include fluid hauling, fluid disposal, well maintenance, completion services, workovers and recompletions, plugging and abandonment, and tubing testing. Its operations are concentrated in the major onshore oil and natural gas producing regions of Texas, with additional locations in Mississippi, in Pennsylvania. It currently provides a range of services to a diverse group of companies. Over the year ended December 31, 2012, it provided services to over 970 companies. Its blue-chip customer base includes Anadarko Petroleum Corporation, Chesapeake Energy Corporation, ConocoPhillips Company, Rosetta Resources, Inc., and Shell Oil Company, among others. It conducts its operations through the following two business segments: Well Servicing and Fluid Logistics and Other. The well servicing segment comprised 42.9% of its consolidated revenues for the year ended December 31, 2012. Through a modern fleet of 162 well servicing rigs, as of December 31, 2012, located in 11 operational areas across Texas, one in Mississippi, and one in Pennsylvania, it provide a comprehensive offering of well services to oil and natural gas companies in Texas and its other locations, including completions of newly drilled oil and natural gas wells, wellbore maintenance, workovers and re-completions, tubing testing, and plugging and abandonment services. The fluid logistics and other segment comprised 57.1% of its consolidated revenues for the year ended December 31, 2012. Its fluid logistics and other segment provides an integrated array of oilfield fluid sales, transportation, storage, and disposal services that are required on workover, drilling, and completion projects and are routinely used in daily operation of producing wells by oil and natural gas producers. Its competition includes small regional service providers as well as larger companies with operations throughout the continental United States and internationally. Its main competitors are Basic Energy Services, Inc., Superior Energy Services, Inc., Heckman Corporation, Key Energy Services, Inc., Nabors Industries Ltd., and Stallion Oilfield Services, Ltd. The Company's operations are subject to various federal, state and local laws and regulations in the United States pertaining to health, safety, and the environment.
» More Articles for FES

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