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 Video: What is a Stock Split?
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| Memorial Resource Development is an independent natural gas and oil company focused on the acquisition, exploration and development of natural gas and oil properties with substantially all of its activity in the Terryville Complex of North Louisiana, where Co. is targeting natural gas opportunities in multiple zones in the Cotton Valley formation. Co. has two reportable business segments: MRD and MEMP (Memorial Production Partners LP). At Dec 31 2015, Co. had total proved reserves of 1.38 trillion cubic feet of gas equivalent, consisting of 13.2 million barrels of oil, 973.81 billion cubic feet of natural gas, and 54.2 million barrels of natural gas liquids. According to our MRD split history records, MRD has had 2 splits. | |
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MRD (MRD) has 2 splits in our MRD split history database. The first split for MRD took place on November 18, 1996. This was a 3 for 1
split, meaning for each share of MRD owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split. MRD's second split took place on February 09, 1998. This was a 3 for 1
split, meaning for each share of MRD owned pre-split, the shareholder now owned 3 shares. For example, a 3000 share position pre-split, became a 9000 share position following the split.
When a company such as MRD 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 MRD split history from start to finish, an original position size of 1000 shares would have turned into 9000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into MRD shares, starting with a $10,000 purchase of MRD, presented on a split-history-adjusted basis factoring in the complete MRD split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/10/2014 |
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| End date: |
02/15/2017 |
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| Start price/share: |
$0.35 |
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| End price/share: |
$2.78 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
694.29% |
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| Average Annual Total Return: |
141.22% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$79,429.33 |
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| Years: |
2.35 |
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| Date |
Ratio |
| 11/18/1996 | 3 for 1
| | 02/09/1998 | 3 for 1
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