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Video: What is a Stock Split?


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Basic Energy Services provides a range of well site services to oil and natural gas drilling and producing companies. Co. has four operating segments: Completion and Remedial Services, which operates Co.'s fleet of pumping units, rental equipment and fishing tools, coiled tubing units, snubbing units, thru-tubing, cased-hole wireline units, and nitrogen units; Fluid Services, which provides, transports, stores and disposes of a variety of fluids, as well as providing well site construction and maintenance services; Well Servicing, which encompasses a range of services performed with a mobile well servicing rig; and Contract Drilling, which operates 12 drilling rigs and related equipment. According to our Basic Energy Services stock split history records, Basic Energy Services has had 2 splits.
Basic Energy Services stock split history picture
Basic Energy Services (BAS) has 2 splits in our Basic Energy Services stock split history database. The first split for BAS took place on February 09, 1998. This was a 2 for 1 split, meaning for each share of BAS 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. BAS's second split took place on December 27, 2016. This was a 1 for 1000 reverse split, meaning for each 1000 shares of BAS owned pre-split, the shareholder now owned 1 share. For example, a 2000 share position pre-split, became a 2 share position following the split.

When a company such as Basic Energy Services 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 Basic Energy Services 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 Basic Energy Services stock split history from start to finish, an original position size of 1000 shares would have turned into 2 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Basic Energy Services shares, starting with a $10,000 purchase of BAS, presented on a split-history-adjusted basis factoring in the complete Basic Energy Services stock split history. Basic Energy Services split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 04/28/2008
End date: 04/26/2018
Start price/share: $24,260.00
End price/share: $16.40
Starting shares: 0.41
Ending shares: 0.64
Dividends reinvested/share: $19.97
Total return: -99.89%
Average Annual Total Return: -49.63%
Starting investment: $10,000.00
Ending investment: $10.51
Years: 10.00
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 04/28/2008
End date: 04/26/2018
Start price/share: $24,260.00
End price/share: $16.40
Dividends collected/share: $19.97
Total return: -99.85%
Average Annual Total Return: -47.81%
Starting investment: $10,000.00
Ending investment: $14.99
Years: 10.00
Date Ratio
02/09/19982 for 1
12/27/20161 for 1000
BAS is categorized under the Energy sector; below are some other companies in the same sector that also have a history of stock splits:

BCEI Split History
BIOF Split History
BIR Split History
BNE Split History
BNG Split History
BOLT Split History
BP Split History
BPL Split History
BRN Split History
BRY Split History

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