Jones Energy is a holding company. Through its subsidiaries, Co. is an oil and gas company engaged in the exploration, development, production and acquisition of oil and natural gas properties in the mid-continent U.S., spanning areas of Texas and Oklahoma. Co.'s operations are focused on horizontal drilling and completions within two areas in Oklahoma and Texas: the Eastern Anadarko Basin, which targets the Woodford shale and Meramec formations in the Merge area of the STACK/SCOOP plays; and the Western Anadarko Basin, which targets the Cleveland, Granite Wash, Tonkawa and Marmaton formations. As of Dec 31 2017, Co. had estimated proved reserves of 104,812,000 barrels of oil equivalent. We show 23 historical shares outstanding datapoints in our JONE shares outstanding history coverage, used to compute JONE market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing JONE market cap history over the course of time is important for investors
interested in comparing JONE'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 JONE versus a peer is one thing; comparing
JONE 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 JONE can fluctuate over the course of history.
With this page we aim to empower investors researching JONE by allowing them to research the JONE market cap history. |
Free JONE Email Alerts:
Video: The Importance of Market Cap
