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FES (FES) has 1 split in our FES split history database. The split for FES took place on August 16, 2011. This was a 1 for 4 reverse split, meaning for each 4 shares of FES 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.
When a company such as FES 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 FES split history from start to finish, an original position size of 1000 shares would have turned into 250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into FES shares, starting with a $10,000 purchase of FES, presented on a split-history-adjusted basis factoring in the complete FES split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-54.02%|
|Forbes Energy Services is a holding company. Through its subsidiaries, Co. is an independent oilfield services contractor that provides a range of well site services to oil and natural gas drilling and producing companies to help develop the production of oil and natural gas. These services include fluid hauling, fluid disposal, well maintenance, completion services, workovers and recompletions, plugging and abandonment, and tubing testing. Co.'s operations are concentrated in the onshore oil and natural gas producing regions of Texas, with additional locations in Mississippi and in Pennsylvania. Co. operates through two business segments: well servicing, and fluid logistics. According to our FES split history records, FES has had 1 split.|
|FES Split History Table|
|08/16/2011||1 for 4|
|Energy Stock Splits|
|FES is categorized under the Energy sector; below are some other companies in the same sector that also have a history of stock splits:|