KLX Energy Services Holdings provides oilfield services to onshore oil and natural gas exploration and production companies. Co.'s services include directional drilling, coiled tubing, thru tubing, hydraulic frac rentals, fishing, pressure control, wireline, rig-assisted snubbing, fluid pumping, flowback, testing, pressure pumping and well control services. Co.'s rentals and products include hydraulic fracturing stacks, blow out preventers, tubulars, downhole tools, dissolvable plugs, and accommodation units. The services and related tools and equipment Co. provides throughout the lifecycle of the well include drilling, completions, production and well intervention services and products. We show 30 historical shares outstanding datapoints in our KLXE shares outstanding history coverage, used to compute KLXE market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing KLXE market cap history over the course of time is important for investors
interested in comparing KLXE'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 KLXE versus a peer is one thing; comparing
KLXE 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 KLXE can fluctuate over the course of history.
With this page we aim to empower investors researching KLXE by allowing them to research the KLXE market cap history. |
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Video: The Importance of Market Cap
