Coterra Energy Inc. is an independent oil and gas company. Co. is engaged in the development, exploration and production of oil, natural gas and natural gas liquids (NGLs). Its operations are primarily concentrated in three core operating areas: the Permian Basin in west Texas and southeast New Mexico, the Marcellus Shale in northeast Pennsylvania and the Anadarko Basin in the Mid-Continent region in Oklahoma. Its Permian Basin properties hold approximately 296,000 net acres in its core operating area in the Delaware Basin. Its Marcellus Shale properties hold approximately 186,000 net acres in the dry gas window of the Marcellus Shale. We show 23 historical shares outstanding datapoints in our CTRA shares outstanding history coverage, used to compute CTRA market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CTRA market cap history over the course of time is important for investors
interested in comparing CTRA'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 CTRA versus a peer is one thing; comparing
CTRA 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 CTRA can fluctuate over the course of history.
With this page we aim to empower investors researching CTRA by allowing them to research the CTRA market cap history. |
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Video: The Importance of Market Cap
