Enlink Midstream primarily focus on providing midstream energy services, including: gathering, compressing, treating, processing, transporting, storing, and selling natural gas; fractionating, transporting, storing, and selling natural gas liquid; and gathering, transporting, stabilizing, storing, trans-loading, and selling crude oil and condensate, in addition to brine disposal services. Co.'s natural gas business includes connecting the wells of producers to its gathering systems. Co.'s crude oil and condensate business includes the gathering and transmission of crude oil and condensate via pipelines, barges, rail, and trucks, in addition to condensate stabilization and brine disposal. We show 41 historical shares outstanding datapoints in our ENLC shares outstanding history coverage, used to compute ENLC market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ENLC market cap history over the course of time is important for investors
interested in comparing ENLC'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 ENLC versus a peer is one thing; comparing
ENLC 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 ENLC can fluctuate over the course of history.
With this page we aim to empower investors researching ENLC by allowing them to research the ENLC market cap history. |
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Video: The Importance of Market Cap
