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 Video: What is a Stock Split?
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| Helmerich & Payne, Inc., through its subsidiaries, designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world. Co. also develops and implements advanced automation, directional drilling and survey management technologies. Its segments include North America Solutions, Offshore Gulf of Mexico and International Solutions. The North America Solutions segment has operations which are located in Texas and other states, including Colorado, Louisiana and New Mexico. The Offshore Gulf of Mexico segment has operations that are located in Louisiana and in U.S. federal waters in the Gulf of Mexico. According to our HP split history records, Helmerich and Payne has had 2 splits. | |
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Helmerich and Payne (HP) has 2 splits in our HP split history database. The first split for HP took place on January 02, 1998. This was a 2 for 1
split, meaning for each share of HP 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. HP's second split took place on July 10, 2006. This was a 2 for 1 split, meaning for each share of HP owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split.
When a company such as Helmerich and Payne 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 HP split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Helmerich and Payne shares, starting with a $10,000 purchase of HP, presented on a split-history-adjusted basis factoring in the complete HP split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
01/23/2015 |
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| End date: |
01/21/2025 |
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| Start price/share: |
$62.96 |
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| End price/share: |
$36.38 |
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| Starting shares: |
158.83 |
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| Ending shares: |
257.46 |
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| Dividends reinvested/share: |
$21.53 |
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| Total return: |
-6.34% |
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| Average Annual Total Return: |
-0.65% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$9,368.52 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
01/23/2015 |
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| End date: |
01/21/2025 |
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| Start price/share: |
$62.96 |
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| End price/share: |
$36.38 |
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| Dividends collected/share: |
$21.53 |
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| Total return: |
-8.02% |
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| Average Annual Total Return: |
-0.83% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$9,200.11 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 01/02/1998 | 2 for 1
| | 07/10/2006 | 2 for 1 |
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