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Video: What is a Stock Split?
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US Well Services is focused on electric powered pressure pumping services for oil and natural gas exploration and production companies. Hydraulic fracturing services are performed to improve the production of oil and natural gas from formations with low permeability and restricted flow of hydrocarbons. Co.'s fleets consist mostly of all-electric, mobile pressure pumping equipment and other auxiliary heavy equipment to perform pressure pumping services. Co.'s Clean Fleet® electric fleets replace the conventional engines, transmissions, and radiators used in conventional diesel fleets with electric motors powered by electricity generated by natural gas-fueled turbine generators. According to our USWS split history records, USWS has had 1 split. | |
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USWS (USWS) has 1 split in our USWS split history database. The split for USWS took place on August 05, 2022. This was a 1 for 6 reverse split, meaning for each 6 shares of USWS owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 166.666666666667 share position following the split.
When a company such as USWS 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 USWS split history from start to finish, an original position size of 1000 shares would have turned into 166.666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into USWS shares, starting with a $10,000 purchase of USWS, presented on a split-history-adjusted basis factoring in the complete USWS split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
11/14/2018 |
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End date: |
11/01/2022 |
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Start price/share: |
$52.20 |
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End price/share: |
$7.41 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-85.80% |
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Average Annual Total Return: |
-38.89% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$1,419.28 |
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Years: |
3.96 |
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Date |
Ratio |
08/05/2022 | 1 for 6 |
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