Forbes Energy Services (FES) in Focus: Stock Rises 6.1%

Forbes Energy Services Ltd. (FES) was a big mover last session, as the company saw its shares rise over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent downtrend for the company as the stock is now down 16.1% in the past one-month time frame.

The company has seen 1 negative estimate revision over the past 30 days, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if Friday’s move higher can last.

Forbes Energy Services currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Better-ranked players in the same industry include Century Aluminum Co. (CENX), Norsk Hydro ASA (NHYDY) and Worthington Industries, Inc. (WOR), all carrying a Zacks Rank #2 (Buy).

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FORBES ENERGY SERVICES LTD TX (FES): Free Stock Analysis Report

CENTURY ALUMINUM CO (CENX): Free Stock Analysis Report

NORSK HYDRO ADR (NHYDY): Free Stock Analysis Report

WORTHINGTON INDUSTRIES INC (WOR): Free Stock Analysis Report


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