Crescent Energy Co. is an energy company. Co.'s operations are focused on Texas and the Rockies with active development in the Eagle Ford and Uinta basins. It also operates conventional assets in Wyoming, where it is active in carbon capture, use and storage (CCUS). It is an operator in the Eagle Ford with a proven ability to scale and safely capture operational upside. It operates in both the oil and condensate windows of the Eagle Ford. Its Uinta position has a large inventory of low-risk undeveloped locations with significant resource potential across multiple, prolific formations. We show 13 historical shares outstanding datapoints in our CRGY shares outstanding history coverage, used to compute CRGY market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CRGY market cap history over the course of time is important for investors
interested in comparing CRGY'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 CRGY versus a peer is one thing; comparing
CRGY 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 CRGY can fluctuate over the course of history.
With this page we aim to empower investors researching CRGY by allowing them to research the CRGY market cap history. |
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Video: The Importance of Market Cap
