CNX Resources Corporation is an independent low carbon intensity natural gas development, production, midstream and technology company centered in the Appalachian Basin. The majority of its operations are centered on unconventional shale formations, primarily the Marcellus Shale and Utica Shale, in Pennsylvania, Ohio and West Virginia. Additionally, it operates and develops Coalbed Methane (CBM) properties in Virginia. It has rights to extract natural gas from Shale formations in Pennsylvania, West Virginia, and Ohio from approximately 527,000 net Marcellus Shale acres and approximately 607,000 net Utica Shale acres. Co. holds approximately 53,000 acres of incremental Upper Devonian acres. We show 62 historical shares outstanding datapoints in our CNX shares outstanding history coverage, used to compute CNX market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CNX market cap history over the course of time is important for investors
interested in comparing CNX'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 CNX versus a peer is one thing; comparing
CNX 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 CNX can fluctuate over the course of history.
With this page we aim to empower investors researching CNX by allowing them to research the CNX market cap history. |
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Video: The Importance of Market Cap
