Split History
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Gran Tierra Energy (GTE) has 2 splits in our GTE split history database. The first split for GTE took place on May 23, 2005. This was a 1 for 15 reverse split, meaning for each 15 shares of GTE owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 66.6666666666667 share position following the split. GTE's second split took place on May 05, 2023. This was a 1 for 10 reverse split, meaning for each 10 shares of GTE owned pre-split, the shareholder now owned 1 share. For example, a 66.6666666666667 share position pre-split, became a 6.66666666666667 share position following the split.
When a company such as Gran Tierra Energy 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 GTE split history from start to finish, an original position size of 1000 shares would have turned into 6.66666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Gran Tierra Energy shares, starting with a $10,000 purchase of GTE, presented on a split-history-adjusted basis factoring in the complete GTE split history.
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Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 10/07/2014 | |
| End date: | 10/03/2024 | |
| Start price/share: | $49.80 | |
| End price/share: | $6.74 | |
| Dividends collected/share: | $0.00 | |
| Total return: | -86.47% | |
| Average Annual Total Return: | -18.13% | |
| Starting investment: | $10,000.00 | |
| Ending investment: | $1,353.59 | |
| Years: | 10.00 | |
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| About Gran Tierra Energy |
| Gran Tierra Energy together with its subsidiaries, is a company focused on international oil and gas exploration and production with assets in Colombia and Ecuador. Co. is focused on hydrocarbon development in proven, under-explored conventional basins. Based on geographic organization, Colombia is Co.'s only reportable segment. According to our GTE split history records, Gran Tierra Energy has had 2 splits. |
| GTE Split History Table | |
| Date | Ratio |
| 05/23/2005 | 1 for 15 |
| 05/05/2023 | 1 for 10 |
| Energy Stock Splits |
| GTE is categorized under the Energy sector; below are some other companies in the same sector that also have a history of stock splits:
HAL Split History
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