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Helmerich and Payne (HP) has 2 splits in our Helmerich and Payne stock split history database. The first split for HP took place on January 02, 1998. This was a 2 for 1 split, meaning for each share of HP 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. HP's second split took place on July 10, 2006. This was a 2 for 1 split, meaning for each share of HP owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split.
When a company such as Helmerich and Payne 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 Helmerich and Payne stock split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Helmerich and Payne shares, starting with a $10,000 purchase of HP, presented on a split-history-adjusted basis factoring in the complete Helmerich and Payne stock split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||-4.03%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-0.23%|
|About Helmerich and Payne|
|Helmerich & Payne provides drilling services and technologies for oil and gas exploration and production companies. Co.'s contract drilling business segments are: United States Land, which operates in Colorado, Louisiana, Ohio, Oklahoma, Montana, New Mexico, North Dakota, Pennsylvania, Texas, Utah, West Virginia and Wyoming; Offshore, which operates in United States federal waters in the Gulf of Mexico; and International Land, which has rigs in Argentina, Bahrain, Colombia and United Arab Emirates. Co.'s drilling technology-based business segment, Helmerich & Payne Technologies, is focused on developing, promoting and commercializing technologies designed to improve the drilling operations. According to our Helmerich and Payne stock split history records, Helmerich and Payne has had 2 splits.|
|HP Split History Table|
|01/02/1998||2 for 1|
|07/10/2006||2 for 1|
|Energy Stock Splits|
|HP 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: HP shares outstanding history