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 Video: What is a Stock Split?
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| Nuverra Environmental Solutions provides water logistics and oilfield services to customers focused on the development and ongoing production of oil and natural gas from shale formations in the U.S. Co.'s business operations are organized into three divisions: the Rocky Mountain division, which includes its Bakken Shale area business; the Northeast division, which is comprised of the Marcellus and Utica Shale areas; and the Southern division, which is comprised of the Haynesville Shale area. Within each division, Co. provides water transfer services, disposal services, and rental and other services associated with the drilling, completion and ongoing production of shale oil and natural gas. According to our NES split history records, NES has had 1 split. | |
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NES (NES) has 1 split in our NES split history database. The split for NES took place on December 03, 2013. This was a 1 for 10 reverse split, meaning for each 10 shares of NES owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.
When a company such as NES conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the NES split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into NES shares, starting with a $10,000 purchase of NES, presented on a split-history-adjusted basis factoring in the complete NES split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/30/2017 |
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| End date: |
02/23/2022 |
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| Start price/share: |
$11.42 |
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| End price/share: |
$2.15 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-81.18% |
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| Average Annual Total Return: |
-32.06% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$1,882.31 |
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| Years: |
4.32 |
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| Date |
Ratio |
| 12/03/2013 | 1 for 10 |
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