Hermitage Offshore Services is an offshore support vessel. Co. is engaged in the international offshore support services. The two main categories of offshore support vessels are Platform Supply Vessels (PSV) and Anchor Handling Tug Supply vessels (AHTS). The majority of PSV employment is related the support of oil production, bringing supplies, chemicals and equipment to the rigs, and returning waste product to land. PSVs are also used to support exploration activities. PSVs are distinguished based on deck area/cargo capacity and technical specification. AHTS vessels are primarily used to support rig moves. We show 3 historical shares outstanding datapoints in our PSV shares outstanding history coverage, used to compute PSV market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PSV market cap history over the course of time is important for investors
interested in comparing PSV'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 PSV versus a peer is one thing; comparing
PSV 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 PSV can fluctuate over the course of history.
With this page we aim to empower investors researching PSV by allowing them to research the PSV market cap history. |
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Video: The Importance of Market Cap
