When a company such as CLR 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 CLR split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CLR shares, starting with a $10,000 purchase of CLR, presented on a split-history-adjusted basis factoring in the complete CLR split history.

About CLR

Continental Resources is a crude oil and natural gas company engaged in the exploration, development and production of crude oil and natural gas. Co.'s North region includes properties north of Kansas and west of the Mississippi River and includes North Dakota Bakken, Montana Bakken, Powder River Basin, and the Red River units. Co.'s South region includes properties south of Nebraska and west of the Mississippi River and includes the South Central Oklahoma Oil Province and Sooner Trend Anadarko Canadian Kingfisher areas of Oklahoma and the Permian Basin of Texas. Co.'s East region includes undeveloped leasehold acreage east of the Mississippi River with no drilling or production operations. According to our CLR split history records, CLR has had 1 split.

CLR Split History | www.SplitHistory.com | Copyright © 2013 - 2024, All Rights Reserved