Hercules Offshore is a holding company. Co. is a provider of shallow-water drilling and marine services to the oil and natural gas exploration and production industry. As of Feb 19 2015, Co. conducted its businesses through the following segments: Domestic Offshore, which consisted of 24 jackup rigs in the U.S. Gulf of Mexico; International Offshore, which consisted of nine jackup rigs outside of the U.S. Gulf of Mexico; and International Liftboats, which included 24 liftboats in West Africa and in the Middles East region. Co.'s fleet provides services such as oil and gas exploration and development drilling, well service, platform inspection, maintenance, and decommissioning operations. We show 115 historical shares outstanding datapoints in our HERO shares outstanding history coverage, used to compute HERO market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing HERO market cap history over the course of time is important for investors
interested in comparing HERO'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 HERO versus a peer is one thing; comparing
HERO 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 HERO can fluctuate over the course of history.
With this page we aim to empower investors researching HERO by allowing them to research the HERO market cap history. |
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Video: The Importance of Market Cap
