| Abraxas Petroleum is an independent energy company primarily engaged in the acquisition, exploration, development and production of oil and gas. Co.'s oil and gas assets are located in the Permian/Delaware Basin, the Rocky Mountain, and South Texas. Co.'s properties in the Permian/Delaware Basin region are located in two sub-basins, the Delaware Basin and the Eastern Shelf. Co.'s properties in the Rocky Mountain region are primarily located in the Williston Basin of North Dakota and Montana. Co.'s properties in the South Texas region are located along the Edwards trend in DeWitt and Lavaca Counties, TX and the Eagle Ford shale and the Austin Chalk in Atascosa and McMullen Counties, TX. We show 36 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.