Split History
GDP split history picture
GDP (GDP) has 1 split in our GDP split history database. The split for GDP took place on March 13, 1998. This was a 1 for 8 reverse split, meaning for each 8 shares of GDP owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 125 share position following the split.

When a company such as GDP 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 GDP split history from start to finish, an original position size of 1000 shares would have turned into 125 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into GDP shares, starting with a $10,000 purchase of GDP, presented on a split-history-adjusted basis factoring in the complete GDP split history. GDP split adjusted history picture

Growth of $10,000.00
Without Dividends Reinvested

Start date: 12/09/2016
End date: 12/31/2021
Start price/share: $12.00
End price/share: $23.02
Dividends collected/share: $0.00
Total return: 91.83%
Average Annual Total Return: 13.73%
Starting investment: $10,000.00
Ending investment: $19,182.10
Years: 5.06
Goodrich Petroleum is an independent oil and natural gas company engaged in the exploration, development and production of oil and natural gas on properties primarily in Northwest Louisiana and East Texas, which includes the Haynesville Shale Trend, Southwest Mississippi and Southeast Louisiana, which includes the Tuscaloosa Marine Shale Trend, and South Texas, which includes the Eagle Ford Shale Trend. Co. owns interests in producing oil and natural gas wells located in various states. According to our GDP split history records, GDP has had 1 split.
Date Ratio
03/13/19981 for 8
GDP is categorized under the Energy sector; below are some other companies in the same sector that also have a history of stock splits:

GEOS Split History
GEVO Split History
GIFI Split History
GMETP Split History
GR Split History
GST Split History
GTE Split History
HAL Split History
HDY Split History
HEP Split History

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