When a company such as RMP 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 RMP split history from start to finish, an original position size of 1000 shares would have turned into 331 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into RMP shares, starting with a $10,000 purchase of RMP, presented on a split-history-adjusted basis factoring in the complete RMP split history.

About RMP

Rice Midstream Partners is a limited partnership formed by Rice Energy Inc. to own, operate, develop and acquire midstream assets in the Appalachian Basin. Co. has two segments: gathering and compression, and water services. Co.'s natural gas gathering and compression assets consist of natural gas gathering and compression systems that service producers in the dry gas core of the Marcellus Shale in southwestern Pennsylvania. Co.'s water services assets consist of water pipelines, impoundment facilities, pumping stations, take point facilities and measurement facilities which are used to support well completion activities and to collect and recycle or dispose of flowback and produced water. According to our RMP split history records, RMP has had 1 split.

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