Insider Selling: Charles C. Forbes Sells 21,965 Shares of Forbes Energy Services Stock (FES)
Forbes Energy Services (NYSE:FES) COO Charles C. Forbes sold 21,965 shares of Forbes Energy Services stock on the open market in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $4.40, for a total value of $96,646.00. Following the completion of the transaction, the chief operating officer now directly owns 3,014,282 shares of the company’s stock, valued at approximately $13,262,841. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Forbes Energy Services (NYSE:FES) traded up 0.92% on Wednesday, hitting $4.40. 18,031 shares of the company’s stock traded hands. Forbes Energy Services has a 52-week low of $2.93 and a 52-week high of $5.31. The stock’s 50-day moving average is $4.13 and its 200-day moving average is $3.75. The company’s market cap is $95.5 million.
Forbes Energy Services (NYSE:FES) last announced its earnings results on Wednesday, May 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.11. The company had revenue of $109.91 million for the quarter, compared to the consensus estimate of $105.06 million. On average, analysts predict that Forbes Energy Services will post $-0.25 earnings per share 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.
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