Shares of Forbes Energy Services Ltd (FES) Rally 14.77%

Forbes Energy Services Ltd (FES) has been under a strong bear grip, hence the stock is down -10.7% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 13.08% in the past 1 week. The stock has risen by 14.77% in the past week indicating that the buyers are active at lower levels, but the stock is down -6.8% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 0.67% and the 50-Day Moving Average is 33.53%.

Forbes Energy Services Ltd (NASDAQ:FES): The stock opened at $0.23 on Friday but the bulls could not build on the opening and the stock topped out at $0.23 for the day. The stock traded down to $0.19 during the day, due to lack of any buying support eventually closed down at $0.19 with a loss of -18.02% for the day. The stock had closed at $0.23 on the previous day. The total traded volume was 3,788,423 shares.


The company Insiders own 23.1% of Forbes Energy Services Ltd shares according to the proxy statements. Institutional Investors own 44.85% of Forbes Energy Services Ltd shares. During last six month period, the net percent change held by insiders has seen a change of -11.06%. In a related news,The director of Forbes Energy Services Ltd., Izatt Ted A. sold 16,978 shares at $1.13 on July 7, 2015. The Insider selling transaction had a total value worth of $19,185. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Forbes Energy Services Ltd. (FES Ltd) 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. FES Ltd operates in two segments: well servicing and fluid logistics. Services provided by the well maintenance services include completions of newly drilled oil and natural gas wells, wellbore maintenance, workovers and re-completions, tubing testing, and plugging and abandonment services. Services offered by the fluid logistics segment include fluid hauling, Disposal Services, Equipment Rental and Fluid Sales.

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