When a company such as Empire Petroleum 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 EP 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 Empire Petroleum shares, starting with a $10,000 purchase of EP, presented on a split-history-adjusted basis factoring in the complete EP split history.

About Empire Petroleum

Empire Petroleum Corporation is an independent energy company that is engaged in optimizing developed production. Co. operates through its subsidiaries, including Empire New Mexico LLC, doing business as Green Tree New Mexico, Empire North Dakota LLC, Empire Texas LLC, and Empire Louisiana LLC. It is an independent operator in four geographic areas of the U.S.. It manages and influences production on operated properties. Empire New Mexico's assets primarily produce oil, with natural gas and natural gas liquids (NGLs) accompanying oil production. According to our EP split history records, Empire Petroleum has had 1 split.

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