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ENRJ (ENRJ) has 1 split in our ENRJ split history database. The split for ENRJ took place on July 28, 2008. This was a 1 for 5 reverse split, meaning for each 5 shares of ENRJ owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split.
When a company such as ENRJ 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 ENRJ 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 ENRJ shares, starting with a $10,000 purchase of ENRJ, presented on a split-history-adjusted basis factoring in the complete ENRJ split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-18.22%|
|EnerJex Resources is an independent energy company engaged in the business of producing and selling crude oil and natural gas. The crude oil and natural gas is obtained by the acquisition and exploration and development of mineral leases. Development and exploration may include drilling new exploratory or development wells. These operations are conducted in Kansas, Colorado, Nebraska and Texas. As of Dec 31 2016, Co.'s total net proved oil and gas reserves were 1.6 million barrels of oil equivalents, of which 64.1% was natural gas. Of the total proved reserves, about 12.2% are proved developed producing, about 42.3% are proved developed non-producing, and about 45.5% are proved undeveloped. According to our ENRJ split history records, ENRJ has had 1 split.|
|ENRJ Split History Table|
|07/28/2008||1 for 5|
|Energy Stock Splits|
|ENRJ is categorized under the Energy sector; below are some other companies in the same sector that also have a history of stock splits:|
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