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Forbes Energy Services (Forbes Energy Services) Profitability Rank : 0 (As of Mar. 2020)


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What is Forbes Energy Services Profitability Rank?

Forbes Energy Services has the Profitability Rank of 0.

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

Forbes Energy Services's Operating Margin % for the quarter that ended in Mar. 2020 was -33.66%. As of today, Forbes Energy Services's Piotroski F-Score is 0.


Competitive Comparison of Forbes Energy Services's Profitability Rank

For the Oil & Gas Equipment & Services subindustry, Forbes Energy Services's Profitability Rank, along with its competitors' market caps and Profitability Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Forbes Energy Services's Profitability Rank Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Forbes Energy Services's Profitability Rank distribution charts can be found below:

* The bar in red indicates where Forbes Energy Services's Profitability Rank falls into.



Forbes Energy Services Profitability Rank Calculation

GuruFocus Profitability Rank ranks how profitable a company is and how likely the company's business will stay that way.

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.

Forbes Energy Services has the Profitability Rank of 0.

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

Profitability Rank is based on these factors:

1. Operating Margin %

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Forbes Energy Services's Operating Margin % for the quarter that ended in Mar. 2020 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2020 ) / Revenue (Q: Mar. 2020 )
=-10.253 / 30.463
=-33.66 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

2. Piotroski F-Score

The zones of discrimination were as such:

Good or high score = 8 or 9
Bad or low score = 0 or 1

Forbes Energy Services has an F-score of 0. It is a bad or low score, which usually implies poor business operation.

3. Trend of the Operating Margin % (5-year average). The company with an uptrend profit margin has a higher rank.

4. Consistency of the profitability

5. Predictability Rank


Forbes Energy Services Profitability Rank Related Terms

Thank you for viewing the detailed overview of Forbes Energy Services's Profitability Rank provided by GuruFocus.com. Please click on the following links to see related term pages.


Forbes Energy Services (Forbes Energy Services) Business Description

Traded in Other Exchanges
N/A
Address
3000 South Business Highway 281, Alice, TX, USA, 78332
Forbes Energy Services Ltd operates as an oilfield services contractor that provides a wide 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. The company operates in three business segments namely Well Servicing which is the key revenue driver, Coiled Tubing, and Fluid Logistics. These services include fluid hauling, fluid disposal, well maintenance, completion services, workovers and recompletions, plugging and abandonment, and tubing testing. Geographically, it operates in South, East, Central, and West Texas.
Executives
Ascribe Associates Iii, Llc 10 percent owner, other: See Remarks 299 PARK AVENUE 34TH FLOOR NEW YORK NY 10171
Solace General Partner, Llc 10 percent owner, other: See Remarks 11111 SANTA MONICA BLVD, SUITE 1275 LOS ANGELES CA 90025
Solace Forbes Holdings, Llc 10 percent owner, other: See Remarks 11111 SANTA MONICA BLVD, SUITE 1275 LOS ANGELES CA 90025
American Securities Llc 10 percent owner, other: See Remarks 590 MADISON AVENUE, 38TH FLOOR, NEW YORK NY 10022
Ascribe Opportunities Fund Iii(b), L.p. 10 percent owner, other: See Remarks C/O ASOF ASSOCIATES III, LLC 299 PARK AVENUE, 34TH FLOOR NEW YORK NY 10171-8000
Ascribe Opportunities Fund Iii, L.p. 10 percent owner, other: See Remarks C/O ASOF ASSOCIATES III, LLC 299 PARK AVENUE, 34TH FLOOR NEW YORK NY 10171-8000
Solace Capital Special Situations Fund, L.p. 10 percent owner, other: See Remarks 11111 SANTA MONICA BOULEVARD SUITE 1275 LOS ANGELES CA 90025
Ascribe Capital Llc 10 percent owner, other: See Remarks 590 MADISON AVENUE 38TH FLOOR NEW YORK NY 10022
Ascribe Iii Investments Llc 10 percent owner, other: See Remarks 299 PARK AVENUE 34TH FLOOR NEW YORK NY 10171
Solace Capital Partners, L.p. 10 percent owner, other: See Remarks 11111 SANTA MONICA BLVD, SUITE 1275 LOS ANGELES CA 90025
L Melvin Cooper officer: Senior Vice President & CFO 2930 W. SAM HOUSTON PARKWAY N, SUITE 300, HOUSTON TX 77043
Steve Macek officer: EVP, COO 3000 SOUTH BUSINESS HIGHWAY 281 ALICE TX 78332
John E. Crisp director, officer: President & CEO 3000 SOUTH BUSINESS HIGHWAY 281 ALICE TX 78332
Joe Michetti officer: President & Co-COO of FES LLC 18001 HIGHWAY 105 WEST, SUITE 102 MONTGOMERY TX 77356
David B Rosenwasser director 3000 SOUTH BUSINESS HIGHWAY 281 ALICE TX 78332

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