Pioneer Natural Resources is a holding company. Through its subsidiaries, Co. is an independent oil and gas exploration and production company that explores for, develops and produces oil, natural gas liquids and gas in the Midland Basin in West Texas. We show 53 historical shares outstanding datapoints in our PXD shares outstanding history coverage, used to compute PXD market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PXD market cap history over the course of time is important for investors
interested in comparing PXD'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 PXD versus a peer is one thing; comparing
PXD 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 PXD can fluctuate over the course of history.
With this page we aim to empower investors researching PXD by allowing them to research the PXD market cap history. |
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Video: The Importance of Market Cap
