Nabors Industries is a holding company. Through its subsidiaries, Co. owns and operates land-based drilling rig fleet and provides offshore rigs. Co. also provides directional drilling services, tubular running services, performance tools, and technologies for its own rig fleet and those operated by third parties. Co.'s business is comprised of its land-based and offshore drilling rig operations and other rig related services and technologies, which include measurement-while-drilling, logging-while-drilling systems and services, equipment manufacturing, rig instrumentation. Co.'s segments are: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions and Rig Technologies. We show 58 historical shares outstanding datapoints in our NBR shares outstanding history coverage, used to compute NBR market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing NBR market cap history over the course of time is important for investors
interested in comparing NBR'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 NBR versus a peer is one thing; comparing
NBR 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 NBR can fluctuate over the course of history.
With this page we aim to empower investors researching NBR by allowing them to research the NBR market cap history. |
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Video: The Importance of Market Cap
