or any of its affiliates, subsidiaries or partners. Nothing in is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. MicroSectorsTM FANG & Innovation 3X Leveraged ETNs due J(BULZ)Ĭopyright © 2013 - 2022, All Rights Reserved MicroSectorsTM FANG+TM Index 3X Leveraged ETNs due Janu(FNGU) MicroSectorsTM Gold Miners 3X Leveraged ETNs due J(GDXU) 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.įET is categorized under the Energy sector below are some other companies in the same sector that also have a history of stock splits:Īlso explore: FET shares outstanding history Looking at the FET split history from start to finish, an original position size of 1000 shares would have turned into 50 today. 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. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. The $5 and $10 pricepoints tend to be important in this regard. 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. 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. For example, a 1000 share position pre-split, became a 50 share position following the split. This was a 1 for 20 reverse split, meaning for each 20 shares of FET owned pre-split, the shareholder now owned 1 share. The split for FET took place on November 10, 2020. The company was founded in 2005 and is headquartered in Houston, TX.Forum Energy Technologies (FET) has 1 split in our FET split history database. The Production segment designs, manufactures, and supplies products, and provides related equipment and services to the production and infrastructure markets. This segment offers pressure pumping, hydraulic fracturing and flowback services, including hydraulic fracturing pumps, cooling systems, flow iron, wireline cable, and pressure control equipment, as well as related recertification and refurbishment services, and coiled tubing products, such as coiled tubing strings and line pipes. The Completions segment provides products and related services to the coiled tubing, stimulation, and intervention markets. This segment offers drilling technologies consisting of capital equipment and a line of products consumed in the drilling, downhole technologies, such as cementing and casing tools, and protection products for artificial lift equipment and cables, and subsea remotely operated vehicles and trenchers, specialty components and tools, and complementary subsea technical services. The Drilling & Downhole segment designs, manufactures, and supplies products, and provides related services to the drilling, downhole, and subsea markets, as well as other markets, such as alternative energy, defense, and communications. The firm operates through three segments: Drilling & Downhole, Completions, and Production. designs, manufactures, and distributes products to the oil and natural gas industry.
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