| Penn Virginia is an independent oil and gas company engaged in the onshore exploration, development and production of crude oil, natural gas liquids (NGLs) and natural gas. Co.'s operations consist primarily of drilling unconventional horizontal development wells and operating its producing wells in the Eagle Ford Shale, in Gonzales, Lavaca, Fayette and DeWitt Counties in South Texas. Co. operates in one segment, which is the exploration, development and production of crude oil, NGLs and natural gas. Co. sells its oil, NGL and natural gas products using short-term floating price physical and spot market contracts. We show 20 historical shares outstanding datapoints in our PVAC shares outstanding history coverage, used to compute PVAC market cap on those dates.|
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PVAC market cap history over the course of time is important for investors
interested in comparing PVAC'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 PVAC versus a peer is one thing; comparing
PVAC 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 PVAC can fluctuate over the course of history.
With this page we aim to empower investors researching PVAC by allowing them to research the PVAC market cap history.