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Denbury Resources is an independent oil and natural gas company. Co. operations are focused in two key operating areas: the Gulf Coast and Rocky Mountain regions. Co.'s properties with proved and producing reserves in the Gulf Coast region are situated in Mississippi, Texas, Louisiana and Alabama, and in the Rocky Mountain region are situated in Montana, North Dakota and Wyoming. Co.'s primary focus is using carbon dioxide in enhanced oil recovery. At Dec 31 2015, Co.'s total estimated proved reserves were 288.6 million barrels of oil equivalent, which consisted of 282.3 million barrels of crude oil and 38.31 billion cubic feet of natural gas. According to our DNR split history records, Denbury Resources has had 3 splits.
DNR split history picture
Denbury Resources (DNR) has 3 splits in our DNR split history database. The first split for DNR took place on October 17, 1996. This was a 1 for 2 reverse split, meaning for each 2 shares of DNR owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 500 share position following the split. DNR's second split took place on November 08, 2005. This was a 2 for 1 split, meaning for each share of DNR owned pre-split, the shareholder now owned 2 shares. For example, a 500 share position pre-split, became a 1000 share position following the split. DNR's third split took place on December 17, 2007. This was a 2 for 1 split, meaning for each share of DNR 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.

When a company such as Denbury Resources 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 Denbury Resources 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 DNR split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Denbury Resources shares, starting with a $10,000 purchase of DNR, presented on a split-history-adjusted basis factoring in the complete DNR split history. DNR split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 01/23/2007
End date: 01/23/2017
Start price/share: $13.92
End price/share: $3.67
Starting shares: 718.39
Ending shares: 755.64
Dividends reinvested/share: $0.44
Total return: -72.27%
Average Annual Total Return: -12.03%
Starting investment: $10,000.00
Ending investment: $2,772.61
Years: 10.01
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 01/23/2007
End date: 01/23/2017
Start price/share: $13.92
End price/share: $3.67
Dividends collected/share: $0.44
Total return: -70.47%
Average Annual Total Return: -11.47%
Starting investment: $10,000.00
Ending investment: $2,954.40
Years: 10.01
Date Ratio
10/17/19961 for 2
11/08/20052 for 1
12/17/20072 for 1
DNR is categorized under the Energy sector; below are some other companies in the same sector that also have a history of stock splits:

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