Granite Ridge Resources, Inc. is an oil and gas exploration and production company. It owns a portfolio of wells and top-tier acreage across the Permian and four other prolific unconventional basins across the U.S.. It holds interests in wells in core operating areas of the Permian, Eagle Ford, Bakken, Haynesville and Denver-Julesburg (DJ) plays. It owns an interest in approximately 2,826 gross (176.50 net) producing wells, 309,472. The Permian Basin extends from southeastern New Mexico into west Texas. The Permian Basin consists of mature legacy onshore oil and liquids-rich natural gas reservoirs. We show 13 historical shares outstanding datapoints in our GRNT shares outstanding history coverage, used to compute GRNT market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing GRNT market cap history over the course of time is important for investors
interested in comparing GRNT'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 GRNT versus a peer is one thing; comparing
GRNT 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 GRNT can fluctuate over the course of history.
With this page we aim to empower investors researching GRNT by allowing them to research the GRNT market cap history. |
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Video: The Importance of Market Cap
