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Goodrich Petroleum is an independent oil and natural gas company engaged in the exploration, development and production of oil and natural gas on properties primarily in: Northwest Louisiana and East Texas, which includes the Haynesville Shale Trend: Southwest Mississippi and Southeast Louisiana, which includes the Tuscaloosa Marine Shale Trend; and South Texas, which includes the Eagle Ford Shale Trend. Co. owns interests in a number of producing oil and natural gas wells located in several states. According to our GDP split history records, Goodrich Petroleum has had 1 split.
GDP split history picture
Goodrich Petroleum (GDP) has 1 split in our GDP split history database. The split for GDP took place on March 13, 1998. This was a 1 for 8 reverse split, meaning for each 8 shares of GDP owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 125 share position following the split.

When a company such as Goodrich 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 GDP split history from start to finish, an original position size of 1000 shares would have turned into 125 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Goodrich Petroleum shares, starting with a $10,000 purchase of GDP, presented on a split-history-adjusted basis factoring in the complete GDP split history. GDP split adjusted history picture

Growth of $10,000.00
Without Dividends Reinvested

Start date: 12/08/2016
End date: 03/31/2020
Start price/share: $12.00
End price/share: $4.26
Dividends collected/share: $0.00
Total return: -64.50%
Average Annual Total Return: -26.87%
Starting investment: $10,000.00
Ending investment: $3,549.87
Years: 3.31
Date Ratio
03/13/19981 for 8
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