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Noble plc A Ordinary Shares (NE) has 2 splits in our NE split history database. The first split for NE took place on August 29, 2007. This was a 2 for 1 split, meaning for each share of NE 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. NE's second split took place on August 04, 2014. This was a 1144 for 1000 split, meaning for each 1000 shares of NE owned pre-split, the shareholder now owned 1144 shares. For example, a 2000 share position pre-split, became a 2288 share position following the split.
When a company such as Noble plc A Ordinary Shares 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.
Looking at the NE split history from start to finish, an original position size of 1000 shares would have turned into 2288 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Noble plc A Ordinary Shares shares, starting with a $10,000 purchase of NE, presented on a split-history-adjusted basis factoring in the complete NE split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||28.45%|
|About Noble plc A Ordinary Shares|
|Noble, via its subsidiaries, is engaged as an offshore drilling contractor for the oil and gas industry. Co. provides contract drilling services to the oil and gas industry with its fleet of mobile offshore drilling units. The mobile offshore drilling units comprising Co.'s offshore rig fleet operate in a market for contract drilling services and are redeployed to different regions due to changing demands of Co.'s customers, which consist of integrated, independent and government-owned or controlled oil and gas companies throughout the world. Co.'s fleet is located in Far East Asia, the Middle East, the North Sea, Oceania, South America and the United States Gulf of Mexico. According to our NE split history records, Noble plc A Ordinary Shares has had 2 splits.|
|NE Split History Table|
|08/29/2007||2 for 1|
|08/04/2014||1144 for 1000|
|Energy Stock Splits|
|NE 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: NE shares outstanding history