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Video: What is a Stock Split?
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Empire Petroleum is primarily engaged in the exploration and development of oil and gas interests. All of Co.'s producing properties are located in Louisiana, Texas, North Dakota, and Montana. According to our EP split history records, Empire Petroleum has had 1 split. | |
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Empire Petroleum (EP) has 1 split in our EP split history database. The split for EP took place on March 08, 2022. This was a 1 for 4 reverse split, meaning for each 4 shares of EP owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 250 share position following the split.
When a company such as Empire Petroleum 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 EP split history from start to finish, an original position size of 1000 shares would have turned into 250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Empire Petroleum shares, starting with a $10,000 purchase of EP, presented on a split-history-adjusted basis factoring in the complete EP split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/28/2014 |
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End date: |
04/24/2024 |
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Start price/share: |
$1.20 |
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End price/share: |
$4.98 |
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Dividends collected/share: |
$0.00 |
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Total return: |
315.00% |
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Average Annual Total Return: |
15.30% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$41,507.22 |
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Years: |
10.00 |
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Date |
Ratio |
03/08/2022 | 1 for 4 |
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