Nine Energy Service is a completion services provider that targets unconventional oil and gas resource development across North American basins and abroad. Co.'s main service offerings are: Cementing Services, which include blending cement and water with various solid and liquid additives to create a cement slurry; Completion Tools, which provides downhole solutions and technology used for multistage completions; Wireline Services, which include plug-and-perf completions, a multistage well completion technique for cased-hole wells; and Coiled Tubing Services, which perform wellbore intervention operations using a continuous steel pipe that is transported to the wellsite wound on a spool. We show 28 historical shares outstanding datapoints in our NINE shares outstanding history coverage, used to compute NINE market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing NINE market cap history over the course of time is important for investors
interested in comparing NINE'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 NINE versus a peer is one thing; comparing
NINE 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 NINE can fluctuate over the course of history.
With this page we aim to empower investors researching NINE by allowing them to research the NINE market cap history. |
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Video: The Importance of Market Cap
