 |
 Video: What is a Stock Split?
|
|
|
| Penn Virginia is an independent oil and gas company engaged in the exploration, development and production of crude oil, natural gas liquid (NGL), and natural gas in various onshore regions of the U.S., primarily the Eagle Ford Shale in South Texas. Co.'s operations consist primarily of drilling unconventional horizontal development wells in the Eagle Ford Shale. Co. also has operations in the Granite Wash in Oklahoma, the Haynesville Shale and Cotton Valley in East Texas. As of Dec 31 2014, Co.'s proved reserves were approximately 115.0 million barrels of oil equivalent, of which 40% were proved developed reserves and 77% were oil and NGLs. According to our PVA split history records, PVA has had 3 splits. | |
|
PVA (PVA) has 3 splits in our PVA split history database. The first split for PVA took place on August 18, 1997. This was a 2 for 1
split, meaning for each share of PVA 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. PVA's second split took place on June 14, 2004. This was a 2 for 1 split, meaning for each share of PVA owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. PVA's third split took place on June 20, 2007. This was a 2 for 1 split, meaning for each share of PVA owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split.
When a company such as PVA 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 PVA split history from start to finish, an original position size of 1000 shares would have turned into 8000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into PVA shares, starting with a $10,000 purchase of PVA, presented on a split-history-adjusted basis factoring in the complete PVA split history.
Growth of $10,000.00
Without Dividends Reinvested
|
| Start date: |
10/09/2014 |
|
| End date: |
01/12/2016 |
|
| Start price/share: |
$10.01 |
|
| End price/share: |
$0.15 |
|
| Dividends collected/share: |
$0.00 |
|
| Total return: |
-98.50% |
|
| Average Annual Total Return: |
-96.43% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$149.96 |
|
| Years: |
1.26 |
|
|
|
| Date |
Ratio |
| 08/18/1997 | 2 for 1
| | 06/14/2004 | 2 for 1 | | 06/20/2007 | 2 for 1 |
|
|
Free PVA Email Alerts:
