Ovintiv Inc. is an oil and natural gas exploration and production company. Co. is focused on the development of its multi-basin portfolio of top tier oil and natural gas assets located in the U.S. and Canada. Its operations also include the marketing of oil, natural gas liquids (NGLs) and natural gas. Its segments include USA Operations, Canadian Operations, and Market Optimization. USA Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas and other related activities within the U.S.. Canadian Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas and other activities within Canada. We show 21 historical shares outstanding datapoints in our OVV shares outstanding history coverage, used to compute OVV market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing OVV market cap history over the course of time is important for investors
interested in comparing OVV'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 OVV versus a peer is one thing; comparing
OVV 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 OVV can fluctuate over the course of history.
With this page we aim to empower investors researching OVV by allowing them to research the OVV market cap history. |
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Video: The Importance of Market Cap
