Oneok is a midstream service provider and owns natural gas liquids systems, connecting natural gas liquid (NGL) supply in the Rocky Mountain, Permian and Mid-Continent regions with key market centers and owns a network of natural gas gathering, processing, storage and transportation assets. Co. operates in the following business segments: Natural Gas Gathering and Processing, which provides midstream services to producers; NGLs, which owns and operates facilities that gather, fractionate, treat and distribute NGLs and store NGL products; and Natural Gas Pipelines, which provides intrastate and interstate natural gas transportation and storage services to end users. We show 59 historical shares outstanding datapoints in our OKE shares outstanding history coverage, used to compute OKE market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ONEOK market cap history over the course of time is important for investors
interested in comparing ONEOK'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 ONEOK versus a peer is one thing; comparing
ONEOK 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 ONEOK can fluctuate over the course of history.
With this page we aim to empower investors researching ONEOK by allowing them to research the ONEOK market cap history. |
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Video: The Importance of Market Cap
