Key Energy Services is an onshore, rig-based well servicing contractor. Co.'s business segments are: Rig Services, which includes the completion of newly drilled wells, workover and recompletion of existing oil and natural gas wells, well maintenance, and the plugging and abandonment of wells at the end of their useful lives; Fishing and Rental Services, which provides fishing services and rental equipment; Coiled Tubing Services, which involves the use of a continuous metal pipe spooled onto a reel to deploy into oil and natural gas wells to perform various applications; and Fluid Management Services, which provides transportation and well-site storage services for various fluids. We show 13 historical shares outstanding datapoints in our KEG shares outstanding history coverage, used to compute KEG market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing KEG market cap history over the course of time is important for investors
interested in comparing KEG'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 KEG versus a peer is one thing; comparing
KEG 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 KEG can fluctuate over the course of history.
With this page we aim to empower investors researching KEG by allowing them to research the KEG market cap history. |
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Video: The Importance of Market Cap
