Rowan Companies is a provider of offshore contract drilling services to the oil and gas industry. Co.'s fleet consists of self-elevating jack-up rigs and ultra-deepwater drillships. Through a joint venture, Co. also owns several self-elevating jack-up rigs. Co.'s fleet operates worldwide, including the U.S. Gulf of Mexico, the U.K. and Norwegian sectors of the North Sea, the Middle East and Trinidad. Co.'s ultra-deepwater drillships are self-propelled vessels equipped with computer-controlled dynamic-positioning systems, which allow them to maintain position without anchors using their onboard propulsion and station-keeping systems. We show 26 historical shares outstanding datapoints in our RDC shares outstanding history coverage, used to compute RDC market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing RDC market cap history over the course of time is important for investors
interested in comparing RDC'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 RDC versus a peer is one thing; comparing
RDC 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 RDC can fluctuate over the course of history.
With this page we aim to empower investors researching RDC by allowing them to research the RDC market cap history. |
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Video: The Importance of Market Cap
