Brigham Minerals is a holding company. Through its subsidiaries, Co. acquires and manages a portfolio of mineral and royalty interests. Co.'s portfolio is comprised of mineral and royalty interests across six resource plays in the continental U.S., including the Delaware and Midland Basins in West Texas and New Mexico, the South Central Oklahoma Oil Province and Sooner Trend Anadarko Basin Canadian and Kingfisher Counties plays in the Anadarko Basin in Oklahoma, the Denver-Julesburg Basin in Colorado and Wyoming and the Williston Basin in North Dakota. We show 16 historical shares outstanding datapoints in our MNRL shares outstanding history coverage, used to compute MNRL market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing MNRL market cap history over the course of time is important for investors
interested in comparing MNRL'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 MNRL versus a peer is one thing; comparing
MNRL 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 MNRL can fluctuate over the course of history.
With this page we aim to empower investors researching MNRL by allowing them to research the MNRL market cap history. |
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Video: The Importance of Market Cap
