Northern Oil and Gas, Inc. is a real asset company that focuses on acquiring and investing in non-operated minority working and mineral interests in the hydrocarbon producing basins within the contiguous U.S.. Its business is crude oil and natural gas exploration, development, and production with operations in the U.S.. Its 300,000-acre portfolio is distributed across the Williston, Permian and Appalachia Basins. Its portfolio comprises 300,000 acres of low-breakeven land with over 10,000 wells. Diversified by basin and across commodity type, its wells are operated by over 100 public and private operators. We show 16 historical shares outstanding datapoints in our NOG shares outstanding history coverage, used to compute NOG market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing NOG market cap history over the course of time is important for investors
interested in comparing NOG'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 NOG versus a peer is one thing; comparing
NOG 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 NOG can fluctuate over the course of history.
With this page we aim to empower investors researching NOG by allowing them to research the NOG market cap history. |
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Video: The Importance of Market Cap
