National Fuel Gas Co. is a holding company. Co. is a diversified energy company engaged principally in the production, gathering, transportation, storage and distribution of natural gas. Its segments include Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment is engaged in the exploration for, and the development and production of, primarily natural gas in the Appalachian region of the U.S.. The Pipeline and Storage segment provides interstate natural gas transportation services for affiliated and nonaffiliated companies through integrated natural gas pipeline systems in Pennsylvania and New York. We show 62 historical shares outstanding datapoints in our NFG shares outstanding history coverage, used to compute NFG market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing NFG market cap history over the course of time is important for investors
interested in comparing NFG'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 NFG versus a peer is one thing; comparing
NFG 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 NFG can fluctuate over the course of history.
With this page we aim to empower investors researching NFG by allowing them to research the NFG market cap history. |
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Video: The Importance of Market Cap
