Analyst Rating Update on Forbes Energy Services Ltd (FES)

Forbes Energy Services Ltd (NASDAQ:FES) : Zacks Investment Research ranks Forbes Energy Services Ltd (NASDAQ:FES) as 4, which is a Sell recommendation. 1 other analysts are mildly bullish on the stock and favor a Buy. The average broker rating of 1 research analysts is 2, which indicates as a Buy.

For the current week, the company shares have a recommendation consensus of Buy.

Forbes Energy Services Ltd (NASDAQ:FES): stock turned positive on Tuesday. Though the stock opened at $0.188, the bulls momentum made the stock top out at $0.24 level for the day. The stock recorded a low of $0.18 and closed the trading day at $0.2299, in the green by 27.02%. The total traded volume for the day was 1,932,072. The stock had closed at $0.181 in the previous days trading.

In an insider trading activity, Izatt Ted A., director of Forbes Energy Services Ltd., unloaded 16,978 shares at an average price of $1.13 on July 7, 2015. The total amount of the transaction was worth $19,185, according to the disclosed information 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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