| Permianville Royalty Trust is a statutory trust, engaged in acquiring and holding for the benefit of its unitholders a net profits interest representing the right to receive net profits from the sale of oil and natural gas production from certain properties in the states of Texas, Louisiana and New Mexico. We show 6 historical shares outstanding datapoints in our PVL shares outstanding history coverage, used to compute PVL market cap on those dates.|
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PVL market cap history over the course of time is important for investors
interested in comparing PVL'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 PVL versus a peer is one thing; comparing
PVL 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 PVL can fluctuate over the course of history.
With this page we aim to empower investors researching PVL by allowing them to research the PVL market cap history.