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 Video: What is a Stock Split?
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| Ring Energy is an exploration and production company, engaged in oil and natural gas development, production, acquisition, and exploration activities, with a focused in Texas and New Mexico. Co.'s primary drilling operations target the oil and liquids rich producing formations in the Northwest Shelf, the Central Basin Platform, and the Delaware Basin all of which are part of the Permian Basin in Texas and New Mexico. Co. principally sells its oil and natural gas production to end users, marketers and other purchasers that have access to nearby pipeline facilities. In areas where there is no practical access to pipelines, oil is trucked to storage facilities. According to our REI split history records, Ring Energy has had 2 splits. | |
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Ring Energy (REI) has 2 splits in our REI split history database. The first split for REI took place on June 15, 1981. This was a 3 for 2
split, meaning for each 2
shares of REI owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. REI's second split took place on December 11, 1995. This was a 2 for 1
split, meaning for each share of REI owned pre-split, the shareholder now owned 2 shares. For example, a 1500 share position pre-split, became a 3000 share position following the split.
When a company such as Ring Energy 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 REI split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Ring Energy shares, starting with a $10,000 purchase of REI, presented on a split-history-adjusted basis factoring in the complete REI split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
09/16/2014 |
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| End date: |
09/13/2024 |
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| Start price/share: |
$15.15 |
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| End price/share: |
$1.72 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-88.65% |
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| Average Annual Total Return: |
-19.55% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$1,135.69 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 06/15/1981 | 3 for 2
| | 12/11/1995 | 2 for 1
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