Company profile

FESL stock data

(
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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

23 Mar 20
26 May 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Dec 19 Sep 19 Jun 19 Mar 19
Revenue 34.78M 44.19M 51.07M 58.39M
Net income -14.94M -31.07M -10.75M -11.63M
Diluted EPS -2.7 -5.68 -1.97 -2.14
Net profit margin -42.96% -70.31% -21.05% -19.93%
Operating income -9.47M -25.36M -5.01M -4.02M
Net change in cash -1.04M 5.24M -1.17M -5.88M
Cash on hand 5.22M 6.27M 1.03M 2.2M
Annual (USD) Dec 19 Dec 18 Dec 16 Dec 15
Revenue 188.42M 180.9M
Net income -68.4M -32.61M -109.13M -46.07M
Diluted EPS -12.5 -6.07 -4.95 -2.12
Net profit margin -36.30% -18.03%
Operating income -43.87M -21.86M -81.11M -34.94M
Net change in cash -2.86M -12.35M -54.17M 39.69M
Cash on hand 5.22M 8.08M 20.44M 74.61M

Financial data from company earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
16 Apr 20 Solace Capital Partners Common Stock Other Aquire J 0 709,253 0 1,656,521
16 Apr 20 Solace Capital Partners 5.00% Subordinated convertible PIK notes due 2020 Common Stock Other Dispose J 0 - 93.42K -
16 Apr 20 Ascribe Capital Common Stock Other Aquire J 0 963,116 0 2,123,947
16 Apr 20 Ascribe Capital 5.00% Subordinated convertible PIK notes due 2020 Common Stock Other Dispose J 0 - 126.86K -
1 Mar 19 Steve Macek RSU Common Stock, par value $0.01 Option exercise Dispose M 0 1,756 0 1,756
1 Mar 19 Steve Macek RSU Common Stock, par value $0.01 Grant Aquire A 0 4,390 0 2,634
1 Mar 19 Crisp John E. RSU Common Stock, par value $0.01 Option exercise Dispose M 0 3,688 0 3,688
1 Mar 19 Crisp John E. RSU Common Stock, par value $0.01 Grant Aquire A 0 9,220 0 5,532
1 Mar 19 Cooper L Melvin RSU Common Stock, par value $0.01 Option exercise Dispose M 0 1,756 0 1,756
1 Mar 19 Cooper L Melvin RSU Common Stock, par value $0.01 Grant Aquire A 0 4,390 0 2,634
13F holders
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Opened positions 0 0 NaN%
Closed positions 0 0 NaN%
Increased positions 0 0 NaN%
Reduced positions 0 0 NaN%
13F shares
Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
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Financial report summary

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Risks
  • There can be no assurances when or if the Mergers will be completed.
  • Company stockholders will experience a reduction in percentage ownership and voting power in Newco as a result of the Mergers.
  • The Forbes Merger may trigger certain “change of control” provisions and other restrictions in contracts of the Company and the failure to obtain any required consents or waivers could adversely impact Newco.
  • If the Mergers do not close, Forbes will not benefit from the expenses incurred in its pursuit.
  • The termination of the Merger Agreement, or failure to otherwise complete the Mergers, could negatively impact the Company, including impairing its ability to continue as a going concern.
  • We are subject to business uncertainties with respect to our operations until the Mergers close.
  • Uncertainties associated with the Mergers may distract management personnel and other key employees and divert their attention away from growing our business, which could adversely affect our future business and operations.
  • Potential litigation against us or Superior could result in an injunction preventing the completion of the Mergers or a judgment resulting in the payment of damages.
  • Some of our executive officers have interests in the Mergers that are different from the interests of our stockholders generally.
  • If the Mergers are completed, we may not achieve the anticipated benefits.
  • The industry in which we operate is highly volatile and dependent on domestic spending by the oil and natural gas industry, and continued and prolonged reductions in oil and natural gas prices and in the overall level of exploration and development activities may further reduce our levels of utilization, demand for our services, or pricing for our services.
  • Management has determined that certain factors raise substantial doubt about our ability to continue as a going concern, and our continued existence is dependent upon our ability to successfully execute our business plan.
  • Our business may be adversely affected by a deterioration in general economic conditions or a weakening of the broader energy industry.
  • We extend credit to our customers which presents a risk of non-payment.
  • The market for oil and natural gas may be adversely affected by global demands to curtail use of such fuels.
  • We may be unable to maintain or increase pricing on our core services.
  • Our customer base is concentrated within the oil and natural gas production industry and loss one or more significant customers could cause our revenue to decline substantially.
  • Our Term Loans, PIK Notes, and operating lease commitments could restrict our operations and make us more vulnerable to adverse economic conditions.
  • Impairment of our long-term assets may adversely impact our financial position and results of operations.
  • The industry in which we operate is highly competitive.
  • The Term Loan Agreement imposes significant operating and financial restrictions on us that may prevent us from pursuing certain business opportunities and restrict or limit our ability to operate our business.
  • We are subject to the risk of technological obsolescence.
  • We are highly dependent on certain of our officers, management and key employees.
  • We incur significant costs as a result of being obligated to comply with Securities Exchange Act reporting requirements, the Sarbanes-Oxley Act, and the Term Loan Agreement covenants and that our management is required to devote substantial time to compliance matters.
  • We engage in transactions with related parties and such transactions present possible conflicts of interest that could have an adverse effect on us.
  • Activity in the oilfield services industry is affected by seasonal and cyclical factors that may impact our revenues during certain periods.
  • We rely heavily on our suppliers and do not maintain written agreements with any suppliers.
  • We do not maintain current written agreements with respect to some of our salt water disposal wells.
  • Due to the nature of our business, we may be subject to environmental liability.
  • Climate change legislation or regulations restricting emissions of “greenhouse gases” could result in increased operating costs and reduced demand for our services.
  • Significant physical effects of climatic change, if they should occur, have the potential to damage oil and natural gas facilities, disrupt production activities and could cause us or our customers to incur significant costs in preparing for or responding to those effects.
  • Increasing trucking regulations may increase our costs and negatively affect our results of operations.
  • We are subject to extensive governmental regulation.
  • Our ability to use net operating loss carryforwards may be subject to limitations under Section 382 of the Internal Revenue Code.
  • Our operations are inherently risky, and insurance may not always be available at commercially justifiable rates or in amounts sufficient to fully protect us.
  • We have anti-takeover provisions in our organizational documents that may discourage a change of control.
  • Future legal proceedings could adversely affect us and our operations.
  • We may not be able to fully integrate future acquisitions.
  • Federal and state legislative and regulatory initiatives relating to hydraulic fracturing could result in increased cost and additional operating restrictions or delays.
  • Cybersecurity breaches, hostile cyber intrusions, or business system disruptions may adversely affect our business.
  • Business or economic disruptions or global health concerns beyond our control could seriously harm our business and results of operations.
Content analysis ?
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H.S. sophomore Avg
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