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Enservco (ENSV) has 1 split in our ENSV split history database. The split for ENSV took place on November 23, 2020. This was a 1 for 15 reverse split, meaning for each 15 shares of ENSV owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 66.6666666666667 share position following the split.
When a company such as Enservco 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 ENSV split history from start to finish, an original position size of 1000 shares would have turned into 66.6666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Enservco shares, starting with a $10,000 purchase of ENSV, presented on a split-history-adjusted basis factoring in the complete ENSV split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-13.50%|
|Enservco through subsidiary, Heat Waves Hot Oil Service LLC (Heat Waves) provides various services to the domestic onshore oil and natural gas industry. Heat Waves provides a range of well stimulation/maintenance services to a group of independent and oil and natural gas companies. These services consist of hot oiling and acidizing and frac water heating. Heat Waves also provides water hauling and well site construction services, primarily during the warmer seasons. Heat Waves' operations are in the primary oil and natural gas areas in Colorado, Montana, North Dakota, Ohio, Oklahoma, Pennsylvania, Texas, West Virginia, and Wyoming. According to our ENSV split history records, Enservco has had 1 split.|
|ENSV Split History Table|
|11/23/2020||1 for 15|
|Energy Stock Splits|
|ENSV is categorized under the Energy sector; below are some other companies in the same sector that also have a history of stock splits:|