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AMZG (AMZG) has 1 split in our AMZG split history database. The split for AMZG took place on March 19, 2014. This was a 1 for 4 reverse split, meaning for each 4 shares of AMZG owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 250 share position following the split.
When a company such as AMZG 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 AMZG split history from start to finish, an original position size of 1000 shares would have turned into 250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into AMZG shares, starting with a $10,000 purchase of AMZG, presented on a split-history-adjusted basis factoring in the complete AMZG split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-35.30%|
|American Eagle Energy is engaged in the acquisition, exploration, development and producing of oil and gas properties. Co. is primarily focused on extracting proved oil reserves. At Dec. 31, 2013, Co. had participation agreements related to oil and gas exploration projects in the Spyglass Area in Divide County, ND, and Sheridan County, MT, and the Hardy Property in southeastern Saskatchewan, Canada. Co. also owns working interests in mineral leases located in Richland, Roosevelt and Toole Counties in Montana. As of Dec. 31, 2013, Co. had total proved reserves of 13.5 million barrels of oil equivalent, consisting of 12.1 million barrels of oil and 8.65 million cubic feet of gas. According to our AMZG split history records, AMZG has had 1 split.|
|AMZG Split History Table|
|03/19/2014||1 for 4|
|Energy Stock Splits|
|AMZG is categorized under the Energy sector; below are some other companies in the same sector that also have a history of stock splits:|