Split History
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Video: What is a Stock Split?


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Precision Drilling is engaged in the provision of contract drilling and completion and production services primarily to oil and natural gas exploration and production companies in Canada and the United States. Co. operates two segments: Contract Drilling Services and Completion and Production Services. The Contract Drilling Services segment includes drilling rigs, directional drilling, procurement and distribution of oilfield supplies, and manufacture, sale and repair of drilling equipment. The Completion and Production Services segment includes service rigs, snubbing units, oilfield equipment rental, camp and catering services, and wastewater treatment units. According to our PDS split history records, Precision Drilling has had 2 splits.
PDS split history picture
Precision Drilling (PDS) has 2 splits in our PDS split history database. The first split for PDS took place on October 15, 1997. This was a 2 for 1 split, meaning for each share of PDS 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. PDS's second split took place on June 01, 2005. This was a 2 for 1 split, meaning for each share of PDS 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 Precision Drilling 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 PDS 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 Precision Drilling shares, starting with a $10,000 purchase of PDS, presented on a split-history-adjusted basis factoring in the complete PDS split history. PDS split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 07/06/2010
End date: 07/02/2020
Start price/share: $6.53
End price/share: $0.73
Starting shares: 1,531.39
Ending shares: 1,667.57
Dividends reinvested/share: $0.65
Total return: -87.83%
Average Annual Total Return: -18.99%
Starting investment: $10,000.00
Ending investment: $1,217.97
Years: 10.00
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 07/06/2010
End date: 07/02/2020
Start price/share: $6.53
End price/share: $0.73
Dividends collected/share: $0.65
Total return: -78.91%
Average Annual Total Return: -14.42%
Starting investment: $10,000.00
Ending investment: $2,108.18
Years: 10.00
Date Ratio
10/15/19972 for 1
06/01/20052 for 1
PDS is categorized under the Energy sector; below are some other companies in the same sector that also have a history of stock splits:

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