Split History
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PEDEVCO (PED) has 2 splits in our PED split history database. The first split for PED took place on August 03, 2012. This was a 1 for 112 reverse split, meaning for each 112 shares of PED owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 8.92857142857143 share position following the split. PED's second split took place on April 10, 2017. This was a 1 for 10 reverse split, meaning for each 10 shares of PED owned pre-split, the shareholder now owned 1 share. For example, a 8.92857142857143 share position pre-split, became a 0.892857142857143 share position following the split.
When a company such as PEDEVCO 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 PED split history from start to finish, an original position size of 1000 shares would have turned into 0.892857142857143 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into PEDEVCO shares, starting with a $10,000 purchase of PED, presented on a split-history-adjusted basis factoring in the complete PED split history.
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Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 12/09/2014 | |
| End date: | 12/06/2024 | |
| Start price/share: | $6.40 | |
| End price/share: | $0.81 | |
| Dividends collected/share: | $0.00 | |
| Total return: | -87.34% | |
| Average Annual Total Return: | -18.67% | |
| Starting investment: | $10,000.00 | |
| Ending investment: | $1,266.22 | |
| Years: | 10.00 | |
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| About PEDEVCO |
| PEDEVCO Corp. is an oil and gas company focused on acquiring and developing oil and natural gas assets, primarily in the San Andres formation of the Permian Basin in West Texas and eastern New Mexico, as well as in the Denver-Julesberg Basin (D-J Basin) in Colorado and Wyoming. The company oversees approximately 22,721 net acres in the Permian Basin through its subsidiary, Pacific Energy Development Corp. (PEDCO), and about 19,214 net acres in the D-J Basin via Red Hawk Petroleum, LLC. PEDEVCO holds interests in 300 wells in the Permian Basin, including 25 active producers, two injectors, and two saltwater disposal wells, showcasing its operational capabilities in these key regions. According to our PED split history records, PEDEVCO has had 2 splits. |
| PED Split History Table | |
| Date | Ratio |
| 08/03/2012 | 1 for 112 |
| 04/10/2017 | 1 for 10 |
| Energy Stock Splits |
| PED is categorized under the Energy sector; below are some other companies in the same sector that also have a history of stock splits:
PHX Split History
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