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Forbes Energy Services Ltd. (FLSS)
Alice, TX, US
Forbes Energy Services, Ltd. operates as an independent contractor, offering a broad spectrum of critical well site services to oil and natural gas drilling and production companies across the United States. Its primary objective is to facilitate the development and enhance the output of hydrocarbon resources. The company's operations are strategically divided into three key segments: 1. Well Servicing: This segment encompasses crucial maintenance and intervention services for wells. Offerings include routine remedial repairs, the removal and replacement of downhole production equipment, comprehensive well workovers (such as in-well repairs, re-completion processes, and re-perforations), along with completion and swabbing services. Additionally, they handle plugging and abandonment procedures and provide pressure testing for oil and natural gas production systems, including scanning tubing for potential pitting and wall thickness issues. 2. Coiled Tubing: Focusing on specialized downhole operations, this segment delivers services like horizontal well completions, thorough wellbore clean-outs, maintenance, nitrogen applications, thru-tubing interventions, and formation stimulation using various acids and chemical agents. They also provide essential preparatory services both before and after hydraulic fracturing operations. 3. Fluid Logistics: This segment is dedicated to the comprehensive management of drilling and produced fluids. Its activities involve the transportation, storage, and responsible disposal of these fluids. Specific services include fluid hauling, disposal of saltwater and incidental non-hazardous oil and natural gas wastes from wells, rental of fluid storage tanks for use at well sites by operators, and the sale and transport of chemicals and fluids essential for drilling, completion, and workover processes. As of December 31, 2019, Forbes Energy Services maintained a substantial operational fleet. This included 141 well servicing rigs (comprising 134 workover rigs and 7 swabbing rigs), 103 vacuum trucks and other vehicles for fluid services, 11 proprietary disposal wells, 2,534 fluid storage tanks, and 14 coiled tubing units. Founded in 2003, Forbes Energy Services, Ltd. is headquartered in Alice, Texas.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +0.00% | +0.00% | +0.00% | +0.00% | +0.00% | +0.00% | +0.00% | +900.00% | -99.99% | -100.00% | -100.00% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
-
Revenue growth Oil & Gas Equipment & Services: +6.7%+4.2% Q1'20: -47.8% (vs Q1'19)
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EPS growth Oil & Gas Equipment & Services: +14.3%-105.9% Q1'20: -406.1% (vs Q1'19)
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FCF margin FCF growth · Oil & Gas Equipment & Services: +40.2%-21.2% Q1'20: +12.5% (vs Q1'19)
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EBIT margin Oil & Gas Equipment & Services: +10.9%-23.3% Q1'20: -177.8% (vs Q1'19)
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ROIC Oil & Gas Equipment & Services: +6.7%-28.4% Q1'20: -240.4% (vs Q1'19)
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Share dilution Oil & Gas Equipment & Services: +0.3%+1.9% Q1'20: +1.5% (vs Q1'19)
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Debt / EBITDA Net debt/EBITDA · Oil & Gas Equipment & Services: 0.32×-9.42× Q1'20: -0.70× (vs Q1'19)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Owner Earnings
Ownership Overview
Ownership breakdown not available.
| # | Reporting person | Amount owned | % of class | Sole voting | Shared voting | Sole dispositive | Shared dispositive | Type | Citizenship | Filing date | SEC filing |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | GREGORY A. BOLAND | 4.94M | 1.00% | — | 4.94M | — | — | HC, IN | Canada | 2012-02-14 | ↗ |
| 2 | WEST FACE CAPITAL INC. | 4.94M | 1.00% | — | 4.94M | — | — | FI, CO | Canada | 2012-02-14 | ↗ |
| 3 | Charles C. Forbes, Jr. | 2.72M | 12.30% | 2.72M | — | 2.72M | — | IN | United States of America | 2017-02-15 | ↗ |
| 4 | SPH GROUP HOLDINGS LLC | 2.70M | 12.80% | — | 2.70M | — | 10.00 | OO | DELAWARE | 2013-03-15 | ↗ |
| 5 | SPH GROUP LLC | 2.70M | 12.80% | — | 2.70M | — | 10.00 | OO | DELAWARE | 2013-03-15 | ↗ |
| 6 | STEEL EXCEL INC. | 2.70M | 12.80% | — | 2.70M | — | 10.00 | CO | DELAWARE | 2013-03-15 | ↗ |
| 7 | STEEL PARTNERS HOLDINGS GP INC. | 2.70M | 12.80% | — | 2.70M | — | 10.00 | CO | DELAWARE | 2013-03-15 | ↗ |
| 8 | STEEL PARTNERS HOLDINGS L.P. | 2.70M | 12.80% | — | 2.70M | — | 10.00 | PN | DELAWARE | 2013-03-15 | ↗ |
| 9 | Abigail P. Johnson | 1.81M | 8.31% | — | — | 1.81M | — | IN | United States of America | 2015-02-13 | ↗ |
| 10 | Edward C. Johnson 3d | 1.81M | 8.31% | — | — | 1.81M | — | IN | United States of America | 2015-02-13 | ↗ |
| 11 | Select Energy Service Portfolio | 1.81M | 8.31% | 1.81M | — | — | — | IV | Massachusetts | 2015-02-13 | ↗ |
| 12 | John E. Crisp | 1.36M | 6.10% | 1.36M | — | 1.36M | — | IN | United States of America | 2017-02-15 | ↗ |
| 13 | American Securities LLC | 1.29M | 24.10% | — | 1.29M | — | 1.29M | OO | Delaware | 2018-03-20 | ↗ |
| 14 | Ascribe Associates III, LLC | 1.16M | 21.80% | — | 1.16M | — | 1.16M | OO | Delaware | 2018-03-20 | ↗ |
| 15 | Ascribe Capital LLC | 1.16M | 21.80% | — | 1.16M | — | 1.16M | IA, OO | Delaware | 2018-03-20 | ↗ |
| 16 | Ascribe III Investments LLC | 1.16M | 21.80% | — | 1.16M | — | 1.16M | OO | Delaware | 2018-03-20 | ↗ |
| 17 | Ascribe Opportunities Fund III(B), L.P. | 1.16M | 21.80% | — | 1.16M | — | 1.16M | PN | Delaware | 2018-03-20 | ↗ |
| 18 | Ascribe Opportunities Fund III, L.P. | 1.16M | 21.80% | — | 1.16M | — | 1.16M | PN | Delaware | 2018-03-20 | ↗ |
| 19 | 13G | 1.10M | 5.10% | — | 1.10M | — | 1.10M | HC, OO | Texas | 2014-01-22 | ↗ |
| 20 | SOLACE CAPITAL PARTNERS, L.P. | 947.3K | 17.80% | — | 947.3K | — | 947.3K | IA, HC, PN | Delaware | 2018-02-14 | ↗ |
| 21 | SOLACE CAPITAL SPECIAL SITUATIONS FUND, L.P. | 947.3K | 17.80% | — | 947.3K | — | 947.3K | HC, PN | Delaware | 2018-02-14 | ↗ |
| 22 | SOLACE FORBES HOLDINGS, LLC | 947.3K | 17.80% | — | 947.3K | — | 947.3K | OO | Delaware | 2018-02-14 | ↗ |
| 23 | SOLACE GENERAL PARTNER, LLC | 947.3K | 17.80% | — | 947.3K | — | 947.3K | HC, OO | Delaware | 2018-02-14 | ↗ |
| 24 | FMR LLC | 884.3K | 16.84% | 53.4K | — | 884.3K | — | HC | Delaware | 2018-02-13 | ↗ |
| 25 | Identification No. Of Above Persons ( | 389.2K | 7.41% | 290.5K | 98.7K | 290.5K | — | IN | STATES | 2018-01-24 | ↗ |
| 26 | Identification No. Of Above Persons ( 36-4581843 | 389.2K | 7.41% | 290.5K | 98.7K | 290.5K | — | IA | DELAWARE LIMITED LIABILITY COMPANY | 2018-01-24 | ↗ |
| 27 | Minerva Advisors LLCMinerva Group, LPMinerva GP, LP Minerva GP, Inc. David P. Cohen | 333.8K | 6.30% | 295.5K | 38.3K | 295.5K | 38.3K | IA, PN | Minerva Advisors LLC Delaware Minerva Group LP Delaware Minerva GP LP Delaware Minerva GP Inc Pennsylvania David P Cohen US | 2018-11-08 | ↗ |
| 28 | Minerva Advisors LLCMinerva Group, LPMinerva GP, LP Minerva GP, Inc. David P. Cohe | 333.8K | 5.50% | 295.5K | 38.3K | 295.5K | 38.3K | IA, CO, PN, IN | Minerva Advisors LLC Delaware Minerva Group LP Delaware Minerva GP LP Delaware Minerva GP Inc Pennsylvania David P Cohen US | 2018-11-08 | ↗ |
| 29 | Identification No. Of Above Persons ( 98-0446227 | 290.5K | 5.53% | 290.5K | — | 290.5K | — | CO | CAYMAN ISLANDS | 2018-01-24 | ↗ |
| 30 | Ascribe Associates II, LLC | 125.5K | 2.40% | — | 125.5K | — | 125.5K | OO | Delaware | 2018-03-20 | ↗ |
| 31 | Ascribe II Investments LLC | 125.5K | 2.40% | — | 125.5K | — | 125.5K | OO | Delaware | 2018-03-20 | ↗ |
| 32 | Ascribe Management LLC | 125.5K | 2.40% | — | 125.5K | — | 125.5K | IA, OO | Delaware | 2018-03-20 | ↗ |
| 33 | Ascribe Opportunities Fund II(B), L.P. | 125.5K | 2.40% | — | 125.5K | — | 125.5K | PN | Delaware | 2018-03-20 | ↗ |
| 34 | Ascribe Opportunities Fund II, L.P. | 125.5K | 2.40% | — | 125.5K | — | 125.5K | PN | Delaware | 2018-03-20 | ↗ |
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
This company is not held by any ETF in our universe.
Insider Activity
No insider activity available.
Insider history not available.
| Date | Person | Role | Transaction | A/D | Security | Shares | Price | Value | Owned after | D/I | Filing |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020-04-16 | Solace Capital Partners, L.P. | 10% Owner | J-Other | D | 5.00% Subordinated convertible PIK notes due 2020 | 0 | 0.00 | — | 0 | — | ↗ |
| 2020-04-16 | Ascribe Capital LLC | 10% Owner | J-Other | D | 5.00% Subordinated convertible PIK notes due 2020 | 0 | 0.00 | — | 0 | — | ↗ |
| 2019-02-28 | Solace Capital Partners, L.P. | 10% Owner | P-Purchase | A | 5.00% subordinated convertible PIK notes due 2020 | 0 | 0.00 | — | 0 | — | ↗ |
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
Recent SEC filings
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| John E. Crisp | Chairman, President & Chief Executive Officer | 1M | male |
| Steve Macek | Executive Vice President & Chief Operating Officer | 653.3K | male |
| Joseph A. Michetti | President & Co-Chief Operating Officer of Forbes Energy Services LLC | 44.3K | male |
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for FLSS
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
