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 Video: What is a Stock Split?
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| Royale Energy is an oil and natural gas producer. Co. is engaged in the production and sale of natural gas, acquisition of oil and gas lease interests and proved reserves, drilling of both exploratory and development wells, and sales of fractional working interests in wells to be drilled by it. Co. owns wells and leases located in the Sacramento Basin and San Joaquin Basin in California as well as in Utah, Texas, Oklahoma, Louisiana, and Alaska. Co. sells a portion of the working interest in each well it drills or participates in to third party investors. At Dec 31 2014, Co. had proved developed reserves of 3.79 billion cubic feet (Bcf) and total proved reserves of 4.13 Bcf of natural gas. According to our ROYL split history records, ROYL has had 8 splits. | |
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ROYL (ROYL) has 8 splits in our ROYL split history database. The first split for ROYL took place on May 23, 2001. This was a 115 for 100 split, meaning for each 100 shares of ROYL owned pre-split, the shareholder now owned 115 shares. For example, a 1000 share position pre-split, became a 1150 share position following the split. ROYL's second split took place on May 29, 2002. This was a 115 for 100 split, meaning for each 100 shares of ROYL owned pre-split, the shareholder now owned 115 shares. For example, a 1150 share position pre-split, became a 1322.5 share position following the split. ROYL's third split took place on June 26, 2003. This was a 10375 for 10000 split, meaning for each 10000 shares of ROYL owned pre-split, the shareholder now owned 10375 shares. For example, a 1322.5 share position pre-split, became a 1372.09375 share position following the split. ROYL's 4th split took place on September 26, 2003. This was a 10375 for 10000 split, meaning for each 10000 shares of ROYL owned pre-split, the shareholder now owned 10375 shares. For example, a 1372.09375 share position pre-split, became a 1423.547265625 share position following the split. ROYL's 5th split took place on December 29, 2003. This was a 10375 for 10000 split, meaning for each 10000 shares of ROYL owned pre-split, the shareholder now owned 10375 shares. For example, a 1423.547265625 share position pre-split, became a 1476.93028808594 share position following the split. ROYL's 6th split took place on March 29, 2004. This was a 10375 for 10000 split, meaning for each 10000 shares of ROYL owned pre-split, the shareholder now owned 10375 shares. For example, a 1476.93028808594 share position pre-split, became a 1532.31517388916 share position following the split. ROYL's 7th split took place on June 28, 2004. This was a 1065 for 1000 split, meaning for each 1000 shares of ROYL owned pre-split, the shareholder now owned 1065 shares. For example, a 1532.31517388916 share position pre-split, became a 1631.91566019196 share position following the split. ROYL's 8th split took place on July 02, 2004. This was a 1215 for 1000 split, meaning for each 1000 shares of ROYL owned pre-split, the shareholder now owned 1215 shares. For example, a 1631.91566019196 share position pre-split, became a 1982.77752713323 share position following the split.
When a company such as ROYL 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 ROYL split history from start to finish, an original position size of 1000 shares would have turned into 1982.77752713323 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ROYL shares, starting with a $10,000 purchase of ROYL, presented on a split-history-adjusted basis factoring in the complete ROYL split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
04/17/2024 |
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| Start price/share: |
$2.88 |
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| End price/share: |
$0.05 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-98.26% |
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| Average Annual Total Return: |
-33.34% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$173.63 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 05/23/2001 | 115 for 100 | | 05/29/2002 | 115 for 100 | | 06/26/2003 | 10375 for 10000 | | 09/26/2003 | 10375 for 10000 | | 12/29/2003 | 10375 for 10000 | | 03/29/2004 | 10375 for 10000 | | 06/28/2004 | 1065 for 1000 | | 07/02/2004 | 1215 for 1000 |
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