PHX Minerals focuses on perpetual natural gas and oil mineral ownership in resource plays. Co. owns mineral and leasehold properties and other natural gas and oil interests, which are located in Oklahoma, Texas, Louisiana, North Dakota and Arkansas. Co.'s natural gas, oil and natural gas liquids (NGL) production is from interests in various wells located in Oklahoma, Louisiana, Texas, Arkansas and North Dakota. Co. does not operate any wells. Co.'s principal products from the production associated with its royalty and non-operated interests are natural gas, crude oil and NGL. These products are sold by well operators to various purchasers, including pipeline and marketing companies. We show 53 historical shares outstanding datapoints in our PHX shares outstanding history coverage, used to compute PHX market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PHX market cap history over the course of time is important for investors
interested in comparing PHX'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 PHX versus a peer is one thing; comparing
PHX 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 PHX can fluctuate over the course of history.
With this page we aim to empower investors researching PHX by allowing them to research the PHX market cap history. |
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Video: The Importance of Market Cap
