Notable Mover: Institutional Investor Sentiment About Forbes Energy Services LTD (NASDAQ:FES) Up

November 16, 2016 - By Ellis Scott   ·   0 Comments

Notable Mover: Institutional Investor Sentiment About Forbes Energy Services LTD (NASDAQ:FES)  Up

Sentiment for Forbes Energy Services LTD (NASDAQ:FES)

Forbes Energy Services LTD (NASDAQ:FES) institutional sentiment decreased to 0.5 in Q2 2016. Its down -0.25, from 0.75 in 2016Q1. The ratio dived, as 5 institutional investors increased or started new positions, while 10 sold and trimmed stock positions in Forbes Energy Services LTD. The institutional investors in our partner’s database now own: 7.01 million shares, down from 9.96 million shares in 2016Q1. Also, the number of institutional investors holding Forbes Energy Services LTD in their top 10 positions increased from 0 to 1 for an increase of 1. Sold All: 5 Reduced: 5 Increased: 3 New Position: 2.

Forbes Energy Services Ltd. is a holding company. The company has a market cap of $2.30 million. The Firm is an independent oilfield services contractor that provides a range of well site services to oil and natural gas drilling and producing companies to develop the production of oil and natural gas. It currently has negative earnings. The Company’s divisions are Well Servicing and Fluid Logistics.

The stock increased 14.00% or $0.013 on November 15, hitting $0.103. Forbes Energy Services Ltd. (NASDAQ:FES) has declined 72.97% since April 14, 2016 and is downtrending. It has underperformed by 77.66% the S&P500.

According to Zacks Investment Research, “Forbes Energy Services Ltd. is an oilfield services contractor. The company provides drilling-related and production-related services to oil and natural gas companies, primarily in Texas and Pennsylvania. Forbes Energy Services Ltd. is based in TX, United States.”

Steel Partners Holdings L.P. holds 0.16% of its portfolio in Forbes Energy Services Ltd. for 3.17 million shares. Courage Capital Management Llc owns 293,059 shares or 0.03% of their US portfolio. Moreover, Frigate Ventures Lp has 0.01% invested in the company for 400,000 shares. The North Carolina-based Bank Of America Corp De has invested 0% in the stock. Blackrock Fund Advisors, a California-based fund reported 1,866 shares.#img1#

More notable recent Forbes Energy Services Ltd. (NASDAQ:FES) news were published by: Globenewswire.com which released: “Forbes Energy Services Reports 2016 Second Quarter Financial Results” on August 15, 2016, also Moodys.com with their article: “Moody’s downgrades Forbes Energy to Caa2; stable outlook” published on April 05, 2016, Reuters.com published: “BRIEF-Forbes Energy Services extends forbearance period to Oct. 14” on September 16, 2016. More interesting news about Forbes Energy Services Ltd. (NASDAQ:FES) were released by: Streetinsider.com and their article: “Form 8-K Forbes Energy Services For: Oct 25” published on November 14, 2016 as well as Globenewswire.com‘s news article titled: “Forbes Energy Services Hires Advisors to Explore Strategic Alternatives …” with publication date: May 31, 2016.

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By Ellis Scott


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