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Video: What is a Stock Split?
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KLX Energy Services Holdings provides oilfield services to onshore oil and natural gas exploration and production companies. Co.'s services include directional drilling, coiled tubing, thru tubing, hydraulic frac rentals, fishing, pressure control, wireline, rig-assisted snubbing, fluid pumping, flowback, testing, pressure pumping and well control services. Co.'s rentals and products include hydraulic fracturing stacks, blow out preventers, tubulars, downhole tools, dissolvable plugs, and accommodation units. The services and related tools and equipment Co. provides throughout the lifecycle of the well include drilling, completions, production and well intervention services and products. According to our KLX Energy Services Holdings stock split history records, KLX Energy Services Holdings has had 1 split. | |
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KLX Energy Services Holdings (KLXE) has 1 split in our KLX Energy Services Holdings stock split history database. The split for KLXE took place on July 28, 2020. This was a 1 for 5 reverse split, meaning for each 5 shares of KLXE owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split.
When a company such as KLX Energy Services Holdings 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 KLX Energy Services Holdings stock split history from start to finish, an original position size of 1000 shares would have turned into 200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into KLX Energy Services Holdings shares, starting with a $10,000 purchase of KLXE, presented on a split-history-adjusted basis factoring in the complete KLX Energy Services Holdings stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
08/30/2018 |
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End date: |
03/27/2024 |
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Start price/share: |
$142.20 |
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End price/share: |
$7.29 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-94.87% |
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Average Annual Total Return: |
-41.29% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$512.69 |
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Years: |
5.58 |
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Date |
Ratio |
07/28/2020 | 1 for 5 |
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