Northern Oil and Gas is an energy company engaged in the acquisition, exploration, development and production of oil and natural gas properties, primarily in the Williston Basin, the Appalachian Basin and the Permian Basin. Co. primarily engage in oil and natural gas exploration and production by participating on a proportionate basis alongside third-party interests in wells drilled and completed in spacing units that include Co.'s acreage. In addition, Co. acquires wellbore-only working interests in wells in which Co. does not hold the leasehold interests from third parties unable or unwilling to participate in particular well proposals. We show 10 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
