Abraxas Petroleum is an independent energy company, engaged in the acquisition, exploration, development and production of oil and gas. Co.'s primary basins consist of the Permian/Delaware Basin (Bone Spring and Wolfcamp) and Williston Basin (Bakken and Three Forks). Co.'s properties in the Permian/Delaware Basin region are located in Ward and Winkler Counties, TX and produce oil and gas primarily from the Bone Spring and Wolfcamp formations. Co.'s properties in the Rocky Mountain region are primarily located in the Williston Basin of North Dakota and Montana. In this region, Co.'s wells produce oil and gas from various reservoirs, primarily the Bakken, Three Forks and Red River formations. We show 47 historical shares outstanding datapoints in our AXAS shares outstanding history coverage, used to compute AXAS market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing AXAS market cap history over the course of time is important for investors
interested in comparing AXAS'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 AXAS versus a peer is one thing; comparing
AXAS 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 AXAS can fluctuate over the course of history.
With this page we aim to empower investors researching AXAS by allowing them to research the AXAS market cap history. |
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Video: The Importance of Market Cap
