ProPetro Holding is a holding company. Through its subsidiary, Co. is an oilfield services company providing hydraulic fracturing and other complementary services to upstream oil and gas companies engaged in the exploration and production (E&P) of North American oil and natural gas resources. Co. has the following segments: Pressure Pumping, which primarily provides hydraulic fracturing services to E&P companies in the Permian Basin, as well as cementing services for completion of new wells and remedial work on existing wells; and All Other, which includes coiled tubing services that involve injecting coiled tubing into wells to perform various completion well intervention operations. We show 22 historical shares outstanding datapoints in our PUMP shares outstanding history coverage, used to compute PUMP market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PUMP market cap history over the course of time is important for investors
interested in comparing PUMP'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 PUMP versus a peer is one thing; comparing
PUMP 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 PUMP can fluctuate over the course of history.
With this page we aim to empower investors researching PUMP by allowing them to research the PUMP market cap history. |
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Video: The Importance of Market Cap
