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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 0.12
FES's Cash to Debt is ranked higher than
63% of the 453 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.34 vs. FES: 0.12 )
FES' s 10-Year Cash to Debt Range
Min: 0.02   Max: No Debt
Current: 0.12

Equity to Asset 0.24
FES's Equity to Asset is ranked higher than
57% of the 468 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.49 vs. FES: 0.24 )
FES' s 10-Year Equity to Asset Range
Min: 0.23   Max: 0.4
Current: 0.24

0.23
0.4
Interest Coverage 0.38
FES's Interest Coverage is ranked higher than
52% of the 303 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 11.34 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: 6
Z-Score: 1.04
M-Score: -2.84
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 (%) 4.02
FES's Operating margin (%) is ranked higher than
68% of the 480 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 9.93 vs. FES: 4.02 )
FES' s 10-Year Operating margin (%) Range
Min: -13.37   Max: 28.04
Current: 4.02

-13.37
28.04
Net-margin (%) -1.84
FES's Net-margin (%) is ranked higher than
64% of the 480 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 5.24 vs. FES: -1.84 )
FES' s 10-Year Net-margin (%) Range
Min: -13.58   Max: 24.32
Current: -1.84

-13.58
24.32
ROE (%) -6.81
FES's ROE (%) is ranked higher than
62% of the 479 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 8.24 vs. FES: -6.81 )
FES' s 10-Year ROE (%) Range
Min: -25.99   Max: 79.8
Current: -6.81

-25.99
79.8
ROA (%) -1.65
FES's ROA (%) is ranked higher than
64% of the 484 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 3.73 vs. FES: -1.65 )
FES' s 10-Year ROA (%) Range
Min: -8.01   Max: 22.44
Current: -1.65

-8.01
22.44
ROC (Joel Greenblatt) (%) 4.59
FES's ROC (Joel Greenblatt) (%) is ranked higher than
67% of the 482 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 11.68 vs. FES: 4.59 )
FES' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -8.44   Max: 51.32
Current: 4.59

-8.44
51.32
Revenue Growth (3Y)(%) 12.50
FES's Revenue Growth (3Y)(%) is ranked higher than
82% of the 414 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 10.80 vs. FES: 12.50 )
FES' s 10-Year Revenue Growth (3Y)(%) Range
Min: 0   Max: 17.1
Current: 12.5

0
17.1
EBITDA Growth (3Y)(%) 12.80
FES's EBITDA Growth (3Y)(%) is ranked higher than
83% of the 359 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 9.10 vs. FES: 12.80 )
FES' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 0   Max: 72.6
Current: 12.8

0
72.6
EPS Growth (3Y)(%) -4.70
FES's EPS Growth (3Y)(%) is ranked higher than
70% of the 291 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 6.80 vs. FES: -4.70 )
FES' s 10-Year EPS Growth (3Y)(%) 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 2013

FES Guru Trades in Q4 2013

Jim Simons 52,103 sh (+8.37%)
» More
Q1 2014

FES Guru Trades in Q1 2014

Jim Simons 58,000 sh (+11.32%)
» More
Q2 2014

FES Guru Trades in Q2 2014

Jim Simons 74,900 sh (+29.14%)
» More
Q3 2014

FES Guru Trades in Q3 2014

Jim Simons 120,400 sh (+60.75%)
» More
» Details

Insider Trades

Latest Guru Trades with FES

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)



No Guru Trades Found!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/B 0.20
FES's P/B is ranked higher than
98% of the 513 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.22 vs. FES: 0.20 )
FES' s 10-Year P/B Range
Min: 0.22   Max: 1.56
Current: 0.2

0.22
1.56
P/S 0.10
FES's P/S is ranked higher than
98% of the 513 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.96 vs. FES: 0.10 )
FES' s 10-Year P/S Range
Min: 0.06   Max: 0.53
Current: 0.1

0.06
0.53
PFCF 5.20
FES's PFCF is ranked higher than
96% of the 513 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 9999.00 vs. FES: 5.20 )
FES' s 10-Year PFCF Range
Min: 4.63   Max: 23
Current: 5.2

4.63
23
EV-to-EBIT 15.87
FES's EV-to-EBIT is ranked higher than
77% of the 513 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 13.47 vs. FES: 15.87 )
FES' s 10-Year EV-to-EBIT Range
Min: 6.5   Max: 44.1
Current: 15.87

6.5
44.1
Current Ratio 2.45
FES's Current Ratio is ranked higher than
85% of the 476 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.75 vs. FES: 2.45 )
FES' s 10-Year Current Ratio Range
Min: 0.65   Max: 3.12
Current: 2.45

0.65
3.12
Quick Ratio 2.45
FES's Quick Ratio is ranked higher than
89% of the 476 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.49 vs. FES: 2.45 )
FES' s 10-Year Quick Ratio Range
Min: 0.65   Max: 3.12
Current: 2.45

0.65
3.12

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 0.29
FES's Price/Tangible Book is ranked higher than
98% of the 513 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.76 vs. FES: 0.29 )
FES' s 10-Year Price/Tangible Book Range
Min: 0.6   Max: 1.66
Current: 0.29

0.6
1.66
Price/Median PS Value 0.30
FES's Price/Median PS Value is ranked higher than
95% of the 513 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.67 vs. FES: 0.30 )
FES' s 10-Year Price/Median PS Value Range
Min: 0.63   Max: 1.59
Current: 0.3

0.63
1.59
Earnings Yield (Greenblatt) 6.40
FES's Earnings Yield (Greenblatt) is ranked higher than
75% of the 484 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 7.60 vs. FES: 6.40 )
FES' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.3   Max: 15.4
Current: 6.4

2.3
15.4
Forward Rate of Return (Yacktman) -20.31
FES's Forward Rate of Return (Yacktman) is ranked higher than
68% of the 303 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 11.64 vs. FES: -20.31 )
FES' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -141.7   Max: 24
Current: -20.31

-141.7
24

Business Description

Industry: Oil & Gas - Services » Oil & Gas Equipment & Services
Compare: » details
Traded in other countries:FEU.Germany,
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 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. 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 two business segments: Well Servicing and Fluid Logistics. At December 31, 2013, Well Servicing segment utilized modern fleet of 167 owned well servicing rigs, which was comprised of 157 workover rigs and 10 swabbing rigs, as well as five coiled tubing spreads, nine tubing testing units, and related assets and equipment. These assets are used to provide well maintenance, including remedial repairs and removal and replacement of downhole production equipment, well workovers, including significant downhole repairs, re-completions and re-perforations, completion and swabbing activities, plugging and abandonment services, and testing of oil and natural gas production tubing. The Company provides services in Completions, Maintenance, Workovers and Recompletions, and in Tubing Testing. The Fluid Logistics 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. It has operational footprint with 15 fluid logistics locations across Texas as of December 31, 2013, and an extensive fleet of transportation trucks, high-pressure pump trucks, hot oil trucks, frac tanks, fluid mixing tanks and salt water disposal wells. The services the Company provides in Fluid Logistics segment are Fluid Hauling, Disposal Services, Equipment Rental and Fluid Sales. The Company's sales and marketing functions are performed at two levels: field level and at corporate level. In field level the Company markets and sales its products through its operations personnel and through sales representatives and executives at the corporate level. The Company competes with small regional service providers as well as larger companies with operations throughout the continental United States and internationally. It competes with Basic Energy Services, Inc., Superior Energy Services, Inc., Heckman C
» More Articles for FES

Headlines

Articles On GuruFocus.com
Weekly CEO Buys Highlight: WINA, ANGO, FES, LTS, TBOW Apr 15 2012 

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