| Approach Resources is an independent energy company. Co. is engaged in the exploration, development, production and acquisition of unconventional oil and gas reserves in the Midland Basin of the greater Permian Basin in West Texas. As of Dec 31 2017, Co.'s estimated proved reserves were 181.5 million barrels of oil equivalent, of which 28.0% were oil, 32.0% were natural gas liquids and 40.0% were natural gas. We show 39 historical shares outstanding datapoints in our AREX shares outstanding history coverage, used to compute AREX market cap on those dates.|
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing AREX market cap history over the course of time is important for investors
interested in comparing AREX's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of AREX versus a peer is one thing; comparing
AREX market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like AREX can fluctuate over the course of history.
With this page we aim to empower investors researching AREX by allowing them to research the AREX market cap history.