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Forum Energy Technologies (FET) has 1 split in our FET split history database. The split for FET took place on November 10, 2020. This was a 1 for 20 reverse split, meaning for each 20 shares of FET owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 50 share position following the split.
When a company such as Forum Energy Technologies 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 FET split history from start to finish, an original position size of 1000 shares would have turned into 50 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Forum Energy Technologies shares, starting with a $10,000 purchase of FET, presented on a split-history-adjusted basis factoring in the complete FET split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-25.62%|
|About Forum Energy Technologies|
|Forum Energy Technologies serves the oil, natural gas, industrial and renewable energy industries. Co.'s segments include: drilling and downhole, which designs, manufactures and supplies products and provides related services to the drilling, well construction, artificial lift and subsea energy construction markets; completions, which designs, manufactures and supplies products and provides related services to the coiled tubing, well stimulation and intervention markets; and production, which designs, manufactures and supplies products and provides related equipment and services for production and infrastructure markets. According to our FET split history records, Forum Energy Technologies has had 1 split.|
|FET Split History Table|
|11/10/2020||1 for 20|
|Energy Stock Splits|
|FET 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: FET shares outstanding history