Share on StockTwits
 

Forbes Energy Services (NYSE:FES) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Monday, Analyst Ratings Net reports. The firm currently has a $3.30 target price on the stock. Zacks‘ target price would suggest a potential upside of 2.48% from the stock’s previous close.

Shares of Forbes Energy Services (NYSE:FES) traded down 2.13% during mid-day trading on Monday, hitting $3.22. 85,169 shares of the company’s stock traded hands. Forbes Energy Services has a 52 week low of $2.16 and a 52 week high of $5.31. The stock’s 50-day moving average is $3.45 and its 200-day moving average is $4.25. The company’s market cap is $69.1 million.

Forbes Energy Services (NYSE:FES) last issued its quarterly earnings data on Friday, November 8th. The company reported ($0.27) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.03) by $0.24. During the same quarter in the prior year, the company posted ($0.12) earnings per share. Analysts expect that Forbes Energy Services will post $-0.67 EPS for the current fiscal year.

Forbes Energy Services Ltd. (NYSE:FES) 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.

To view Zacks’ full report, visit www.zacks.com

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.