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Northern Oil and Gas (NOG) has 1 split in our NOG split history database. The split for NOG took place on September 21, 2020. This was a 1 for 10 reverse split, meaning for each 10 shares of NOG owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.
When a company such as Northern Oil and Gas 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 NOG split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Northern Oil and Gas shares, starting with a $10,000 purchase of NOG, presented on a split-history-adjusted basis factoring in the complete NOG split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||-14.33%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-14.40%|
|About Northern Oil and Gas|
|Northern Oil and Gas is an energy company engaged in the acquisition, exploration, development and production of oil and natural gas properties, primarily in the Williston Basin, the Appalachian Basin and the Permian Basin. Co. primarily engage in oil and natural gas exploration and production by participating on a proportionate basis alongside third-party interests in wells drilled and completed in spacing units that include Co.'s acreage. In addition, Co. acquires wellbore-only working interests in wells in which Co. does not hold the leasehold interests from third parties unable or unwilling to participate in particular well proposals. According to our NOG split history records, Northern Oil and Gas has had 1 split.|
|NOG Split History Table|
|09/21/2020||1 for 10|
|Energy Stock Splits|
|NOG is categorized under the Energy sector; below are some other companies in the same sector that also have a history of stock splits:|