Nov 12, 2002
1:2
For every 2 shares held, investors received 1.
The split itself did not change the total investment value.
PHX Energy Services Corp. (FRA:7PX) operates in the Contract drilling industry.
PHX Energy Services Corp. company overviewPHX Energy Services Corp.'s most recent stock split was on November 12, 2002. It was a 1-for-2 reverse split, so shareholders received 1 share for every 2 they held.
PHX Energy Services Corp. has split its stock once. This history records one reverse split, on November 12, 2002.
A reverse stock split combines several shares into one and raises the price per share by the same factor, so the total value of a holding does not change. In PHX Energy Services Corp.'s 1-for-2 reverse split on November 12, 2002, every 2 shares became one share. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
PHX Energy Services Corp. has not announced a new split in our records. Its most recent split was on November 12, 2002, 23 years ago. Companies announce splits in advance, and any new FRA:7PX split will appear on this page.
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