When a company such as Comstock Resources 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 CRK split history from start to finish, an original position size of 1000 shares would have turned into 200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Comstock Resources shares, starting with a $10,000 purchase of CRK, presented on a split-history-adjusted basis factoring in the complete CRK split history.

About Comstock Resources

Comstock Resources, Inc. is an independent energy company. Co. is engaged in the acquisition, exploration, development and production of oil and natural gas in the U.S.. Co. operates through the exploration and production of North American oil and natural gas segment. Co. primarily operates in the Haynesville shale, a natural gas basin located in North Louisiana and East Texas, with economic and geographical proximity to the Gulf Coast markets. Co. is focused on the development of drilling opportunities in the Haynesville and Bossier shales and exploration activities in Western Haynesville play. According to our CRK split history records, Comstock Resources has had 1 split.

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