NGL Energy Partners transports, treats, recycles and disposes of produced water as well as transports, stores, markets and provides other logistics services for crude oil and liquid hydrocarbons. Co.'s water solutions segment transports, treats, recycles and disposes of produced and flowback water generated from crude oil and natural gas production. Co.'s crude oil logistics segment purchases crude oil from producers and marketers and transports it to refineries or for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs. Co.'s liquids logistics segment conducts supply operations for natural gas liquids. We show 30 historical shares outstanding datapoints in our NGL shares outstanding history coverage, used to compute NGL market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing NGL market cap history over the course of time is important for investors
interested in comparing NGL'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 NGL versus a peer is one thing; comparing
NGL 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 NGL can fluctuate over the course of history.
With this page we aim to empower investors researching NGL by allowing them to research the NGL market cap history. |
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Video: The Importance of Market Cap
