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 Video: What is a Stock Split?
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| TETRA Technologies is an oil and gas products and services company, focused on completion fluids, calcium chloride, water management solutions, frac flowback and production well testing services. Co.'s reportable segments are: Completion Fluids and Products, which manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations; and Water and Flowback Services, which provides onshore oil and gas operators with water management services, frac flowback, production well testing, and other associated services in oil and gas producing regions, as well as in oil and gas basins. According to our TTI split history records, TETRA Technologies has had 3 splits. | |
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TETRA Technologies (TTI) has 3 splits in our TTI split history database. The first split for TTI took place on August 22, 2003. This was a 3 for 2 split, meaning for each 2 shares of TTI owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. TTI's second split took place on August 29, 2005. This was a 3 for 2 split, meaning for each 2 shares of TTI owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. TTI's third split took place on May 23, 2006. This was a 2 for 1 split, meaning for each share of TTI owned pre-split, the shareholder now owned 2 shares. For example, a 2250 share position pre-split, became a 4500 share position following the split.
When a company such as TETRA Technologies 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 TTI split history from start to finish, an original position size of 1000 shares would have turned into 4500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into TETRA Technologies shares, starting with a $10,000 purchase of TTI, presented on a split-history-adjusted basis factoring in the complete TTI split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
03/27/2013 |
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| End date: |
03/24/2023 |
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| Start price/share: |
$10.45 |
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| End price/share: |
$2.48 |
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| Starting shares: |
956.94 |
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| Ending shares: |
1,003.43 |
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| Dividends reinvested/share: |
$0.19 |
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| Total return: |
-75.11% |
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| Average Annual Total Return: |
-12.99% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$2,488.04 |
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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: |
03/27/2013 |
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| End date: |
03/24/2023 |
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| Start price/share: |
$10.45 |
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| End price/share: |
$2.48 |
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| Dividends collected/share: |
$0.19 |
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| Total return: |
-74.45% |
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| Average Annual Total Return: |
-12.76% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$2,554.58 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 08/22/2003 | 3 for 2 | | 08/29/2005 | 3 for 2 | | 05/23/2006 | 2 for 1 |
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