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BAS (BAS) has 2 splits in our BAS split history database. The first split for BAS took place on February 09, 1998. This was a 2 for 1 split, meaning for each share of BAS 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. BAS's second split took place on December 27, 2016. This was a 100 for 57009 reverse split, meaning for each 57009 shares of BAS owned pre-split, the shareholder now owned 100 shares. For example, a 2000 share position pre-split, became a 3.50821800066656 share position following the split.
When a company such as BAS 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. When a company such as BAS 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 BAS split history from start to finish, an original position size of 1000 shares would have turned into 3.50821800066656 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into BAS shares, starting with a $10,000 purchase of BAS, presented on a split-history-adjusted basis factoring in the complete BAS split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-68.94%|
|Basic Energy Services provides a range of well site services to oil and natural gas drilling and producing companies. Co.'s operating segments are: completion and remedial services, which provides a package of services that include pumping services, rental and fishing tools, coiled tubing, snubbing services, thru-tubing, and underbalanced drilling in low pressure and fluid sensitive reservoirs; well servicing, which encompasses a range of services performed with a mobile well servicing rig and ancillary equipment; water logistics, which provides oilfield fluid supply, transportation, storage and construction services; and contract drilling, which employs drilling rigs and related equipment. According to our BAS split history records, BAS has had 2 splits.|
|BAS Split History Table|
|02/09/1998||2 for 1|
|12/27/2016||100 for 57009|
|Energy Stock Splits|
|BAS is categorized under the Energy sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: BAS shares outstanding history