Split History
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Nabors Industries (NBR) has 2 splits in our NBR split history database. The first split for NBR took place on April 18, 2006. This was a 2 for 1 split, meaning for each share of NBR 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. NBR's second split took place on April 23, 2020. This was a 1 for 50 reverse split, meaning for each 50 shares of NBR owned pre-split, the shareholder now owned 1 share. For example, a 2000 share position pre-split, became a 40 share position following the split.
When a company such as Nabors Industries 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 Nabors Industries 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 NBR split history from start to finish, an original position size of 1000 shares would have turned into 40 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Nabors Industries shares, starting with a $10,000 purchase of NBR, presented on a split-history-adjusted basis factoring in the complete NBR split history.
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Growth of $10,000.00 With Dividends Reinvested |
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| Start date: | 04/24/2014 | ||
| End date: | 04/22/2024 | ||
| Start price/share: | $1,237.00 | ||
| End price/share: | $76.00 | ||
| Starting shares: | 8.08 | ||
| Ending shares: | 9.36 | ||
| Dividends reinvested/share: | $51.50 | ||
| Total return: | -92.89% | ||
| Average Annual Total Return: | -23.22% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $711.49 | ||
| Years: | 10.00 | ||
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Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 04/24/2014 | ||
| End date: | 04/22/2024 | ||
| Start price/share: | $1,237.00 | ||
| End price/share: | $76.00 | ||
| Dividends collected/share: | $51.50 | ||
| Total return: | -89.69% | ||
| Average Annual Total Return: | -20.32% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $1,030.92 | ||
| Years: | 10.00 | ||
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| About Nabors Industries |
| Nabors Industries is a holding company. Through its subsidiaries, Co. owns and operates land-based drilling rig fleet and provides offshore rigs. Co. also provides directional drilling services, tubular running services, performance tools, and technologies for its own rig fleet and those operated by third parties. Co.'s business is comprised of its land-based and offshore drilling rig operations and other rig related services and technologies, which include measurement-while-drilling, logging-while-drilling systems and services, equipment manufacturing, rig instrumentation. Co.'s segments are: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions and Rig Technologies. According to our NBR split history records, Nabors Industries has had 2 splits. |
| NBR Split History Table | |
| Date | Ratio |
| 04/18/2006 | 2 for 1 |
| 04/23/2020 | 1 for 50 |
| Materials Stock Splits |
| NBR is categorized under the Materials sector; below are some other companies in the same sector that also have a history of stock splits:
NCS Split History Also explore: NBR shares outstanding history
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