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    Energy

  3. •

    Oil & Gas Equipment & Services
Forbes Energy Services Ltd.

Forbes Energy Services Ltd.

FLSS
Forbes Energy Services Ltd.US flagOther OTC
0.00
USD
- -
- -
72.00Market Cap
Forbes Energy Services Ltd.
FLSS
(Other OTC)

Recent

price

0.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
TTM
FRC
9.8
15.29
31.46
13.79
13.78
21.31
22.44
19.63
20.66
11.06
5.23
- -
33.7
34.43
29.29
Revenue per Share
2.38
3.22
-2.59
-1.87
-0.59
-0.6
0.04
-0.65
-0.42
-2.12
-4.95
- -
-6.07
-12.5
-21.27
Basic EPS, GAAP
-1.27
-1.6
-9.74
-0.94
-0.22
-2.5
-2.06
0.65
0.43
1.22
-1.03
- -
-3.65
-0.64
1.51
Free Cash Flow per Basic Share
- -
0.88
1.28
- -
- -
0.04
0.03
0.03
0.03
0.03
0.01
- -
- -
- -
- -
Dividend per Share
- -
- -
-0.72
-2.39
-2.33
-2.92
-2.82
-3.39
-3.72
-5.75
-10.66
- -
-10.9
-23.2
-34.08
Book Value per Share
2.87
5.21
10.37
7.02
4.93
3.84
4.26
4.48
4.21
2.17
-2.79
- -
10.76
2.12
-7.97
Tangible Book Value per Share
14
14
11
16
21
21
21
21
22
22
22
- -
5
5
5
Basic Weighted Avg Shares
133
207
361
216
288
446
473
420
449
244
116
- -
181
188
160
Sales/Revenue/Turnover
28.03
25.31
17.44
-13.37
1.59
8.86
7.1
2.57
3.75
-14.31
-50.79
- -
-12.08
-13.08
-19.24
Operating Margin (%)
-7
15
34
40
40
42
51
55
55
55
52
- -
31
29
26
Depreciation Expense
32
44
-30
-29
-11
-12
2
-13
-8
-46
-109
- -
-33
-68
-117
Net Income, GAAP
- -
1.54
190.62
- -
- -
- -
60.22
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
24.32
21.06
-8.24
-13.58
-3.92
-2.77
0.34
-3.12
-1.85
-18.87
-93.91
- -
-18.03
-36.3
-72.64
Profit Margin (%)
2
-28
43
34
69
87
80
70
79
65
-265
44
-22
-53
-62
Working Capital
51
107
205
214
213
286
293
290
287
280
- -
51
71
67
69
LT Debt
39
70
158
147
137
126
132
121
114
67
-43
123
91
24
-36
Total Equity
- -
35.74
-20.62
- -
- -
- -
3.12
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
57.77
-33.71
- -
- -
- -
4.99
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'19
Dec'19
Mar'20
ST Debt
64
74
75
LT Borrowings
66
63
64
LT Finance Leases
5
5
5
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6
6
6
Market Capitalization
3
1
- -

Working Capital

FRC

•

in mil. unless spec.
Sep'19
Dec'19
Mar'20
Total Current Assets
46
45
38
Cash, Cash Equivalents & STI
6
5
8
Accounts Receivable, Net
30
25
19
Inventories
- -
- -
- -
Total Current Liabilities
89
99
100
Payables & Accruals
25
23
26
ST Debt
64
74
75
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-71.64%
-138.49%
-73.8%
Free Cash Flow
- -
- -
-82.16%
Net Income, GAAP
- -
- -
109.77%
Sales/Revenue/Turnover
- -
- -
4.16%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2018
36
41
48
56
181
2019
58
51
44
35
188
2020
30
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2018
-1.6
-1.64
-1.2
- -
-6.07
2019
-2.14
-1.97
-5.68
- -
-12.5
2020
-10.83
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2018
- -
- -
- -
- -
- -
2019
- -
- -
- -
- -
- -
2020
- -
- -
- -
- -
- -
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Business
Forbes Energy Services Ltd. (FLSS) is an independent oilfield services contractor that provides a broad range of well site services to oil and natural gas drilling and producing companies in the United States. The company operates through three primary segments including well servicing, which encompasses well maintenance, remedial repairs, workovers, completions, swabbing, plugging and abandonment, and pressure testing; coiled tubing services for downhole repairs, recompletions, and perforations; and fluid logistics for handling oilfield fluids. Founded in 2003 and headquartered in Alice, Texas, Forbes serves major operators such as Apache Corporation, Chesapeake Energy, ConocoPhillips, Devon Energy, and EOG Resources across key regions like Texas (including the Permian Basin, Eagle Ford Shale, and South Texas), Pennsylvania, Mississippi, and historically Mexico. In recent years, Forbes underwent significant restructuring, highlighted by the 2018 acquisition of Cretic Energy Services to bolster its coiled tubing fleet and completions capabilities in the Permian and South Texas; a proposed 2020 merger with Superior Energy Services that did not proceed; and the 2021 divestiture of its well servicing and coiled tubing assets to Axis Energy Services, which doubled Axis's rig fleet and expanded operations in South Texas and the Eagle Ford while Forbes retained fluid logistics activities. The company trades on OTC markets with reported trailing twelve-month revenue of approximately $160 million as of early 2020 data, reflecting its focus on onshore production enhancement amid fluctuating energy markets.