| Dril-Quip designs, manufactures, sells and services drilling and production equipment for use in deepwater, harsh environment and severe service applications. Co.'s products consist of subsea and surface wellheads, subsea and surface production trees, subsea control systems and manifolds, mudline hanger systems, connectors and associated pipe, drilling and production riser systems, liner hangers, wellhead connectors, diverters and safety valves. Co. provides technical advisory assistance during installation of its products, as well as rework and reconditioning services. Co.'s customers may rent or purchase running tools from Co. for use in the installation and retrieval of its products. We show 42 historical shares outstanding datapoints in our DRQ shares outstanding history coverage, used to compute DRQ market cap on those dates.|
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing DRQ market cap history over the course of time is important for investors
interested in comparing DRQ'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 DRQ versus a peer is one thing; comparing
DRQ 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 DRQ can fluctuate over the course of history.
With this page we aim to empower investors researching DRQ by allowing them to research the DRQ market cap history.