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 Video: What is a Stock Split?
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| Energen is an oil and natural gas exploration and production company engaged in the exploration, development and production of oil, natural gas liquids and natural gas. Co.'s operations are conducted through its subsidiary, Energen Resources Corporation and primarily occur within the Midland Basin, the Delaware Basin and the Central Basin Platform areas of the Permian Basin in west Texas and New Mexico. Co.'s operations focus on increasing production and adding proved reserves through the development of oil, natural gas liquids and natural gas properties. In addition, Co. explores for and develops new reservoirs, primarily in areas in which it has an operating presence. According to our EGN split history records, EGN has had 4 splits. | |
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EGN (EGN) has 4 splits in our EGN split history database. The first split for EGN took place on September 05, 1984. This was a 2 for 1
split, meaning for each share of EGN 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. EGN's second split took place on March 02, 1989. This was a 3 for 2
split, meaning for each 2
shares of EGN owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 3000 share position following the split. EGN's third split took place on March 03, 1998. This was a 2 for 1
split, meaning for each share of EGN owned pre-split, the shareholder now owned 2 shares. For example, a 3000 share position pre-split, became a 6000 share position following the split. EGN's 4th split took place on June 02, 2005. This was a 2 for 1 split, meaning for each share of EGN owned pre-split, the shareholder now owned 2 shares. For example, a 6000 share position pre-split, became a 12000 share position following the split.
When a company such as EGN 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 EGN split history from start to finish, an original position size of 1000 shares would have turned into 12000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into EGN shares, starting with a $10,000 purchase of EGN, presented on a split-history-adjusted basis factoring in the complete EGN split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
03/27/2013 |
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| End date: |
11/29/2018 |
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| Start price/share: |
$51.62 |
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| End price/share: |
$72.12 |
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| Starting shares: |
193.72 |
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| Ending shares: |
196.51 |
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| Dividends reinvested/share: |
$0.99 |
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| Total return: |
41.73% |
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| Average Annual Total Return: |
6.33% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$14,170.67 |
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| Years: |
5.68 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
03/27/2013 |
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| End date: |
11/29/2018 |
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| Start price/share: |
$51.62 |
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| End price/share: |
$72.12 |
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| Dividends collected/share: |
$0.99 |
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| Total return: |
41.62% |
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| Average Annual Total Return: |
6.32% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$14,163.10 |
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| Years: |
5.68 |
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| Date |
Ratio |
| 09/05/1984 | 2 for 1
| | 03/02/1989 | 3 for 2
| | 03/03/1998 | 2 for 1
| | 06/02/2005 | 2 for 1 |
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