Earthstone Energy is a holding company. Through its subsidiaries, Co. is an independent oil and gas company engaged in the acquisition and development of oil and gas reserves through activities that include drilling and development of undeveloped leases, as well as asset and corporate acquisitions and mergers. Co.'s operations are all in the upstream segment of the oil and natural gas industry and all Co.'s properties are onshore in the U.S. Co.'s assets are located in the Midland Basin in West Texas, the Eagle Ford Trend in South Texas and the Delaware Basin in New Mexico. We show 24 historical shares outstanding datapoints in our ESTE shares outstanding history coverage, used to compute ESTE market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ESTE market cap history over the course of time is important for investors
interested in comparing ESTE'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 ESTE versus a peer is one thing; comparing
ESTE 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 ESTE can fluctuate over the course of history.
With this page we aim to empower investors researching ESTE by allowing them to research the ESTE market cap history. |
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Video: The Importance of Market Cap
