Split History
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Laredo Petroleum is an independent energy company focused on the acquisition, exploration and development of oil and natural gas properties, primarily in the Permian Basin of West Texas. Co. is focusing its development activities on horizontal drilling targets in the Wolfcamp A, Wolfcamp B and Lower Spraberry formations. Other targets for possible future development include the Upper Spraberry, Middle Spraberry, Wolfcamp C, and Wolfcamp D formations. According to our LPI split history records, LPI has had 1 split.
LPI split history picture
LPI (LPI) has 1 split in our LPI split history database. The split for LPI took place on June 02, 2020. This was a 1 for 20 reverse split, meaning for each 20 shares of LPI owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 50 share position following the split.

When a company such as LPI 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 LPI split history from start to finish, an original position size of 1000 shares would have turned into 50 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into LPI shares, starting with a $10,000 purchase of LPI, presented on a split-history-adjusted basis factoring in the complete LPI split history. LPI split adjusted history picture

Growth of $10,000.00
Without Dividends Reinvested

Start date: 06/25/2014
End date: 01/06/2023
Start price/share: $602.80
End price/share: $48.09
Dividends collected/share: $0.00
Total return: -92.02%
Average Annual Total Return: -25.63%
Starting investment: $10,000.00
Ending investment: $797.58
Years: 8.54
Date Ratio
06/02/20201 for 20
LPI is categorized under the Energy sector; below are some other companies in the same sector that also have a history of stock splits:

MAH Split History
MCEP Split History
MCF Split History
MHC Split History
MIND Split History
MMP Split History
MPC Split History
MPET Split History
MPO Split History
MRD Split History

Also explore: LPI shares outstanding history

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