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Video: What is a Stock Split?


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Dril-Quip designs, manufactures, sells and services offshore drilling and production equipment. Co.'s primary products consist of subsea and surface wellheads, subsea and surface production trees, subsea control systems and manifolds, mudline hanger systems, specialty connectors and associated pipe, drilling and production riser systems, liner hangers, wellhead connectors and diverters. Co. also provides technical advisory assistance on an as-requested basis during installation of its products, as well as rework and reconditioning services for customer-owned Co.'s products. Co.'s customers may rent or purchase running tools from Co. for use in the installation and retrieval of its products. According to our DRQ split history records, Dril-Quip has had 1 split.
DRQ split history picture
Dril-Quip (DRQ) has 1 split in our DRQ split history database. The split for DRQ took place on October 06, 2006. This was a 2 for 1 split, meaning for each share of DRQ owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.

When a company such as Dril-Quip splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business. Looking at the DRQ split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Dril-Quip shares, starting with a $10,000 purchase of DRQ, presented on a split-history-adjusted basis factoring in the complete DRQ split history. DRQ split adjusted history picture

Growth of $10,000.00
Without Dividends Reinvested

Start date: 11/21/2007
End date: 11/20/2017
Start price/share: $55.83
End price/share: $44.80
Dividends collected/share: $0.00
Total return: -19.76%
Average Annual Total Return: -2.18%
Starting investment: $10,000.00
Ending investment: $8,020.92
Years: 10.01
Date Ratio
10/06/20062 for 1
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