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FES made a climb of $2 a share since |
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May, 2011. |
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Released on Monday, December 12, 2011, 8:00 AM ET
Pittsburgh, PA (SpeculatingStocks) - Forbes Energy Services Ltd. (NASDAQ:FES) made a climb of $2 a share since May, 2011. On December 9th, 2011, the stock shot up and became oversold before reducing down a small amount, and now coming to $6.20 a share (10:00 PM EDT, December 9th, 2011) MACD analysis shows that the stock is maintaining a positive momentum and continues to climb, however, the MACD results tend to lag behind other indicators. Both the RSI and the Parabolic SAR indicate that a price drip might be in the near future. But the fast stochastic could be showing a bullish breakout as there have been lower highs which diverge with the increasing nature of the stock's price.
Forbes Energy specializes in well servicing and fluid logistics management, in oilfield services industry, on shore services in oil and natural gas companies, primarily on shore in Texas, Mississippi, Pennsylvania, and Mexico.
FES has a market capitalization of about $130 million, and a 52-week range between $4.23 per share and $12.85 per share. It has a current ratio of 2.28 and an operating margin of 9.62%, and perhaps the best part, a quarterly revenue growth arriving at 58%!
This company might become a wonderful investment once full drilling of the Marcellus Shale comes underway. They might be used to service the drill stations which could mean a great amount of revenue for the firm. Perhaps the company might even look into working with the shale in West Virginia, where they might meet less opposition, considering the release of the new potential bill that Governor Earl Ray Tomblin is set to provide to the House and Senate regarding regulation of the shale in West Virginia.
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