Civitas Resources, Inc. is an independent, domestic oil and gas producer focused on development of its assets in the Denver-Julesburg (DJ) and Permian Basins. Co.'s operations are focused along the Denver-Julesburg (DJ), Delaware and Midland Basins. Its development facilities are located in counties across the Front Range of northern and central Colorado, as well as Southeastern New Mexico and West Texas. Its acreage position in the DJ Basin is about 453,600 net acres and, in the Permian Basin, it is about 68,500 net acres. Co. has a total production of about 280,000 barrels of oil equivalent (BOE). We show 36 historical shares outstanding datapoints in our CIVI shares outstanding history coverage, used to compute CIVI market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CIVI market cap history over the course of time is important for investors
interested in comparing CIVI'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 CIVI versus a peer is one thing; comparing
CIVI 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 CIVI can fluctuate over the course of history.
With this page we aim to empower investors researching CIVI by allowing them to research the CIVI market cap history. |
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Video: The Importance of Market Cap
