Forbes Energy Services Ltd. (FLSS)
For informational purposes only. Not financial advice. Analysis by Sedat Aydin, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Forbes Energy Services Ltd. (FLSS) with AI Score 43/100 (Weak). Forbes Energy Services, Ltd. provides well site services for oil and natural gas drilling and producing companies in the United States. Market cap: 0, Sector: Energy.
Last analyzed: Mar 16, 2026Forbes Energy Services Ltd. (FLSS) Energy Operations & Outlook
Forbes Energy Services, Ltd. (FLSS) is an independent oilfield services contractor providing well site services in the United States. Operating through three segments, Well Servicing, Coiled Tubing, and Fluid Logistics, the company offers maintenance, workovers, and fluid management solutions to oil and natural gas drilling and producing companies.
Investment Thesis
Forbes Energy Services, Ltd. operates in the cyclical oil and gas industry, making it highly sensitive to commodity price fluctuations. With a negative profit margin of -36.3% and a negative gross margin of -0.3%, the company's financial performance is concerning. The company's high beta of 19.90 indicates extreme volatility relative to the market. Investors may want to evaluate the risks associated with OTC trading, including limited liquidity and regulatory oversight. The absence of a dividend further reduces its appeal to income-seeking investors. Any investment decision should be made with caution, considering the company's financial challenges and the volatile nature of the energy sector.
Based on FMP financials and quantitative analysis
Key Highlights
- Operates in three segments: Well Servicing, Coiled Tubing, and Fluid Logistics.
- Fleet includes 141 well servicing rigs and 14 coiled tubing units (as of December 31, 2019).
- Provides services to oil and natural gas drilling and producing companies in the United States.
- Negative profit margin of -36.3% indicates financial challenges.
- Trades on the OTC market, which presents unique risks and considerations.
Competitors & Peers
Strengths
- Comprehensive range of well site services.
- Established infrastructure and equipment fleet.
- Experienced workforce.
- Presence in key oil and gas producing regions.
Weaknesses
- Negative profit and gross margins.
- High debt levels.
- Dependence on commodity prices.
- Limited geographic diversification.
Catalysts
- Ongoing: Potential increase in oil and gas prices could drive demand for well servicing and coiled tubing services.
- Ongoing: Infrastructure bill passage could spur demand for plugging and abandonment services.
- Ongoing: Technological advancements in well servicing and fluid logistics could improve efficiency and profitability.
Risks
- Ongoing: Fluctuations in oil and gas prices could negatively impact demand for services.
- Potential: Increased competition from larger oilfield service companies.
- Potential: Stringent environmental regulations could increase operating costs.
- Potential: Economic downturns could reduce drilling activity and demand for services.
- Ongoing: Negative profit and gross margins indicate financial instability.
Growth Opportunities
- Expansion of Coiled Tubing Services: The coiled tubing segment offers services such as horizontal completions and well bore clean-outs. As horizontal drilling becomes more prevalent, Forbes Energy Services could capitalize on this trend by expanding its coiled tubing service offerings. The market for coiled tubing services is projected to grow as operators seek to enhance well productivity and reduce operational costs. Timeline: Ongoing.
- Increased Focus on Fluid Logistics: The Fluid Logistics segment, which handles transportation, storage, and disposal of drilling fluids, presents a growth opportunity. With increasing environmental regulations and a greater emphasis on responsible waste management, the demand for fluid logistics services is expected to rise. Forbes Energy Services can expand its disposal well capacity and fluid storage tank rentals to capture a larger share of this market. Timeline: Ongoing.
- Strategic Partnerships: Forming strategic partnerships with oil and gas operators can provide Forbes Energy Services with a steady stream of business and access to new markets. By collaborating with key players in the industry, the company can secure long-term contracts and expand its geographic reach. These partnerships can also facilitate the adoption of new technologies and service offerings. Timeline: Ongoing.
- Technological Innovation: Investing in advanced technologies and equipment can improve operational efficiency and enhance service quality. By adopting innovative solutions, Forbes Energy Services can differentiate itself from competitors and attract new customers. This includes investing in advanced well servicing rigs, coiled tubing units, and fluid management systems. Timeline: Ongoing.
- Geographic Expansion: While primarily focused on the United States, Forbes Energy Services could explore opportunities to expand its geographic footprint. This could involve targeting new shale plays or regions with increasing drilling activity. Geographic expansion would diversify the company's revenue streams and reduce its reliance on specific markets. Timeline: Ongoing.
Opportunities
- Expansion of coiled tubing and fluid logistics services.
- Strategic partnerships with oil and gas operators.
- Adoption of advanced technologies.
- Geographic expansion into new shale plays.
Threats
- Fluctuations in oil and gas prices.
- Increased competition from other oilfield service companies.
- Stringent environmental regulations.
- Economic downturns affecting drilling activity.
Competitive Advantages
- Established infrastructure of well servicing rigs, coiled tubing units, and fluid logistics equipment.
- Long-standing relationships with oil and gas operators.
- Expertise in providing a range of well site services.
- Strategic locations of disposal wells and fluid storage facilities.
About FLSS
Founded in 2003 and headquartered in Alice, Texas, Forbes Energy Services, Ltd. operates as an independent oilfield services contractor. The company provides a range of well site services designed to develop and enhance the production of oil and natural gas for drilling and producing companies across the United States. Forbes Energy Services operates through three primary segments: Well Servicing, Coiled Tubing, and Fluid Logistics. The Well Servicing segment focuses on well maintenance, remedial repairs, downhole production equipment services, well workovers, re-completions, and plugging and abandonment services. The Coiled Tubing segment offers horizontal completions, well bore clean-outs, nitrogen services, and formation stimulation. The Fluid Logistics segment handles the transportation, storage, and disposal of drilling and produced fluids. As of December 31, 2019, Forbes Energy Services operated with a substantial asset base, including 141 well servicing rigs, 103 fluid service trucks, 11 disposal wells, 2,534 fluid storage tanks, and 14 coiled tubing units.
What They Do
- Provides well maintenance services, including remedial repairs.
- Offers well workovers, such as downhole repairs and re-completions.
- Provides completion and swabbing services.
- Offers plugging and abandonment services.
- Provides pressure testing services of oil and natural gas production.
- Offers horizontal completions and well bore clean-outs.
- Transports, stores, and disposes of drilling and produced fluids.
- Rents fluid storage tanks for use by oilfield operators.
Business Model
- Generates revenue by providing well servicing, coiled tubing, and fluid logistics services.
- Charges fees for well maintenance, workovers, and completions.
- Earns revenue from the transportation, storage, and disposal of drilling fluids.
- Rents fluid storage tanks to oilfield operators.
Industry Context
Forbes Energy Services operates within the oil and gas equipment and services sector, a segment heavily influenced by commodity prices and drilling activity. The industry is characterized by intense competition, with companies like EXLA and GAPJ vying for market share. Market trends include a focus on efficiency and cost reduction, as well as increasing demand for specialized services like horizontal completions and fluid management. Forbes Energy Services' performance is closely tied to the overall health of the oil and gas industry, making it susceptible to cyclical downturns.
Key Customers
- Oil and natural gas drilling companies.
- Oil and natural gas producing companies.
- Oilfield operators.
Financials
Chart & Info
Forbes Energy Services Ltd. (FLSS) stock price: Price data unavailable
Latest News
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· Dec 5, 2019
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· Oct 4, 2019
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· Aug 23, 2019
Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for FLSS.
Price Targets
Wall Street price target analysis for FLSS.
MoonshotScore
What does this score mean?
The MoonshotScore rates FLSS's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: John E. Crisp
CEO
John E. Crisp serves as the CEO of Forbes Energy Services Ltd. His background includes extensive experience in the oilfield services industry. He is responsible for managing the company's overall strategy and operations, overseeing a workforce of 786 employees. Crisp's leadership focuses on enhancing the company's service offerings and expanding its market presence within the United States.
Track Record: Under John E. Crisp's leadership, Forbes Energy Services has navigated a challenging period marked by volatile commodity prices and increased competition. Key strategic decisions have included streamlining operations and focusing on core service areas. The company has worked to maintain its infrastructure and client relationships during this time.
FLSS OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Forbes Energy Services may not meet the minimum financial standards or reporting requirements of higher tiers like OTCQX or OTCQB. Companies in this tier may have limited financial disclosure, making it more difficult for investors to assess their financial health and operational performance. Investing in companies on the OTC Other tier involves a higher degree of risk compared to those listed on major exchanges.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited financial disclosure due to OTC listing.
- Low trading volume and liquidity.
- Higher price volatility compared to exchange-listed stocks.
- Potential for delisting or trading suspension.
- Increased risk of fraud or manipulation.
- Verify the company's legal status and registration.
- Review available financial statements and disclosures.
- Assess the company's business model and competitive position.
- Evaluate the management team and their track record.
- Understand the risks associated with the OTC market.
- Consult with a financial advisor.
- Check for any regulatory actions or legal proceedings.
- Established history of operations since 2003.
- Physical headquarters located in Alice, Texas.
- Fleet of well servicing rigs and equipment.
- Presence in the oil and gas industry.
- CEO with experience in the oilfield services sector.
Common Questions About FLSS
What does Forbes Energy Services Ltd. do?
Forbes Energy Services Ltd. is an independent oilfield services contractor that provides a range of well site services to oil and natural gas drilling and producing companies in the United States. The company operates through three segments: Well Servicing, Coiled Tubing, and Fluid Logistics. These segments offer services such as well maintenance, workovers, horizontal completions, fluid transportation, storage, and disposal, supporting the development and enhancement of oil and natural gas production.
What do analysts say about FLSS stock?
AI analysis is currently pending for FLSS. Given that the company trades on the OTC market, analyst coverage may be limited. Investors should conduct their own due diligence and consider the risks associated with OTC trading, including limited liquidity and regulatory oversight. Key valuation metrics, such as P/E ratio and profit margin, are currently negative, reflecting the company's financial challenges.
What are the main risks for FLSS?
The main risks for Forbes Energy Services Ltd. include fluctuations in oil and gas prices, which can directly impact demand for its services. The company also faces intense competition from other oilfield service providers. Stringent environmental regulations could increase operating costs. As an OTC-listed company, FLSS is subject to liquidity risks and limited financial disclosure. The company's negative profit and gross margins further exacerbate its financial vulnerability.
What are the key factors to evaluate for FLSS?
Forbes Energy Services Ltd. (FLSS) currently holds an AI score of 43/100, indicating low score. Key strength: Comprehensive range of well site services.. Primary risk to monitor: Ongoing: Fluctuations in oil and gas prices could negatively impact demand for services.. This is not financial advice.
How frequently does FLSS data refresh on this page?
FLSS prices update in real time during U.S. market hours (9:30 AM-4:00 PM ET, weekdays). Fundamentals refresh after quarterly or annual filings. Analyst ratings and AI insights update daily. News is aggregated continuously from financial sources.
What has driven FLSS's recent stock price performance?
Recent price movement in Forbes Energy Services Ltd. (FLSS) can be influenced by earnings results, analyst revisions, sector rotation, and broader market sentiment. Notable catalyst: Comprehensive range of well site services.. Check the News and Technical Analysis tabs for the latest drivers. Past performance does not predict future results.
Should investors consider FLSS overvalued or undervalued right now?
Determining whether Forbes Energy Services Ltd. (FLSS) is overvalued or undervalued requires examining multiple metrics. Compare valuation ratios (P/E, P/S, EV/EBITDA) against sector peers for a comprehensive view.
What research should beginners do before buying FLSS?
Before investing in Forbes Energy Services Ltd. (FLSS), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Financial data is based on information available as of December 31, 2019.
- AI analysis is pending and may provide further insights.