|
Video: What is a Stock Split?
|
|
Weatherford International provides equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells. Product and service include: Production, which offers production optimization services and production ecosystem; Completions, which is a suite of completion products, reservoir stimulation designs, and engineering capabilities that isolate zones and unlock reserves in deepwater, unconventional, and aging reservoirs; Drilling and Evaluation, which comprises a suite of services ranging from early well planning to reservoir management; and Well Construction, which builds or rebuilds well integrity for the full life cycle of the well. According to our WFT split history records, WFT has had 3 splits. | |
|
WFT (WFT) has 3 splits in our WFT split history database. The first split for WFT took place on May 20, 1997. This was a 2 for 1
split, meaning for each share of WFT 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. WFT's second split took place on December 01, 2005. This was a 2 for 1 split, meaning for each share of WFT 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. WFT's third split took place on May 27, 2008. This was a 2 for 1 split, meaning for each share of WFT owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split.
When a company such as WFT 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 WFT split history from start to finish, an original position size of 1000 shares would have turned into 8000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into WFT shares, starting with a $10,000 purchase of WFT, presented on a split-history-adjusted basis factoring in the complete WFT split history.
Growth of $10,000.00
Without Dividends Reinvested
|
Start date: |
04/28/2014 |
|
End date: |
05/13/2019 |
|
Start price/share: |
$20.67 |
|
End price/share: |
$0.37 |
|
Dividends collected/share: |
$0.00 |
|
Total return: |
-98.21% |
|
Average Annual Total Return: |
-54.96% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$178.98 |
|
Years: |
5.04 |
|
|
|
Date |
Ratio |
05/20/1997 | 2 for 1
| 12/01/2005 | 2 for 1 | 05/27/2008 | 2 for 1 |
|
|