Helmerich & Payne, through its operating subsidiaries, provides drilling solutions and technologies for oil and gas exploration and production companies. Co. is a partner for a number of oil and gas exploration and production companies, but it focuses primarily on the drilling segment of the oil and gas production value chain. Co.'s drilling services operations are organized into the following reportable operating business segments: North America Solutions, Offshore Gulf of Mexico and International Solutions. Co. also owns and operates a number of commercial real estate properties located in Tulsa, OK. Co.'s real estate investments include a shopping center. We show 57 historical shares outstanding datapoints in our HP shares outstanding history coverage, used to compute HP market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing Helmerich and Payne market cap history over the course of time is important for investors
interested in comparing Helmerich and Payne'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 Helmerich and Payne versus a peer is one thing; comparing
Helmerich and Payne 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 Helmerich and Payne can fluctuate over the course of history.
With this page we aim to empower investors researching Helmerich and Payne by allowing them to research the Helmerich and Payne market cap history. |
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Video: The Importance of Market Cap
