Enduro Royalty Trust is a statutory trust, which acquires and holds for the benefit of its unitholders a net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from certain properties in Texas, Louisiana and New Mexico (Underlying Properties) held by Enduro Resource Partners LLC (Enduro). Enduro is engaged in the production and development of oil and natural gas from properties located in the Rockies, the Permian Basin of west Texas and southeastern New Mexico, and the Arklatex region of Texas and Louisiana. As of Dec 31 2016, the Underlying Properties had proved reserves of 10.2 million barrels of oil equivalent. We show 20 historical shares outstanding datapoints in our NDRO shares outstanding history coverage, used to compute NDRO market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing NDRO market cap history over the course of time is important for investors
interested in comparing NDRO'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 NDRO versus a peer is one thing; comparing
NDRO 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 NDRO can fluctuate over the course of history.
With this page we aim to empower investors researching NDRO by allowing them to research the NDRO market cap history. |
Free NDRO Email Alerts:
Video: The Importance of Market Cap
