Par Pacific Holdings owns and operates energy and infrastructure businesses. Co.'s refining segment includes: a refinery in Kapolei, HI, which produces gasoline, jet fuel, ultra-low sulfur diesel (ULSD), marine fuel, low sulfur fuel oil, and other associated refined products; a refinery in Newcastle, WY, which produces gasoline, jet fuel, ULSD, and other associated refined products; and a refinery in Tacoma, WA, which produces gasoline, jet fuel, ULSD, asphalt, and other associated refined products. Co.'s retail segment operates retail outlets in Hawaii, Washington, and Idaho. Co.'s logistics segment owns and operates terminals, pipelines, a single point mooring, and trucking operations. We show 42 historical shares outstanding datapoints in our PARR shares outstanding history coverage, used to compute PARR market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PARR market cap history over the course of time is important for investors
interested in comparing PARR'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 PARR versus a peer is one thing; comparing
PARR 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 PARR can fluctuate over the course of history.
With this page we aim to empower investors researching PARR by allowing them to research the PARR market cap history. |
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Video: The Importance of Market Cap
