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|ESV Stock Split History|
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ESV (ESV) has 3 splits in our ESV split history database. The first split for ESV took place on June 02, 1994. This was a 1 for 4 reverse split, meaning for each 4 shares of ESV owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 250 share position following the split. ESV's second split took place on September 16, 1997. This was a 2 for 1 split, meaning for each share of ESV owned pre-split, the shareholder now owned 2 shares. For example, a 250 share position pre-split, became a 500 share position following the split. ESV's third split took place on April 11, 2019. This was a 1 for 4 reverse split, meaning for each 4 shares of ESV owned pre-split, the shareholder now owned 1 share. For example, a 500 share position pre-split, became a 125 share position following the split.
When a company such as ESV 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 ESV 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 ESV split history from start to finish, an original position size of 1000 shares would have turned into 125 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ESV shares, starting with a $10,000 purchase of ESV, presented on a split-history-adjusted basis factoring in the complete ESV split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||-31.02%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-17.91%|
|Valaris is an offshore contract drilling company engaged in providing offshore contract drilling services to the international oil and gas industry. The markets in which Co. operates include the Gulf of Mexico, Brazil, the Mediterranean, the North Sea, the Middle East, West Africa, Australia and Southeast Asia. Co. provides drilling services on a day rate contract basis. Co.'s business consists of three operating segments: Floaters, which includes its drillships and semisubmersible rigs; Jackups; and Other, which consists of management services on rigs owned by third-parties. Co.'s two reportable segments, Floaters and Jackups, provide one service, contract drilling. According to our ESV split history records, ESV has had 3 splits.|
|ESV Split History Table|
|06/02/1994||1 for 4|
|09/16/1997||2 for 1|
|04/11/2019||1 for 4|
|Industrials Stock Splits|
|ESV is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: ESV shares outstanding history