Bonanza Creek Energy is an exploration and production company focused on the extraction of oil and associated liquids-rich natural gas in the Rocky Mountain region of the U.S. Co.'s assets and operations are concentrated in the rural portions of unincorporated Weld County within the Wattenberg Field. The Wattenberg Field is primarily developed for the Niobrara and Codell formations using horizontal drilling and multi-stage fracture stimulation techniques. We show 13 historical shares outstanding datapoints in our BCEI shares outstanding history coverage, used to compute BCEI market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing BCEI market cap history over the course of time is important for investors
interested in comparing BCEI'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 BCEI versus a peer is one thing; comparing
BCEI 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 BCEI can fluctuate over the course of history.
With this page we aim to empower investors researching BCEI by allowing them to research the BCEI market cap history. |
Video: The Importance of Market Cap
