Ranger Energy Services, Inc. is a provider of onshore high specification well service rigs, wireline services, and additional processing solutions and ancillary services in the U.S.. Co. operates in three segments: High Specification Rigs, Wireline Services, and Processing Solutions and Ancillary Services. The High Specification Rigs provides high specification well service rigs and complementary equipment and services to facilitate operations throughout the lifecycle of a well. The Wireline Services. provides services necessary to bring and maintain a well on production and consists of its wireline completion, wireline production and pump down lines of business. We show 32 historical shares outstanding datapoints in our RNGR shares outstanding history coverage, used to compute RNGR market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing RNGR market cap history over the course of time is important for investors
interested in comparing RNGR'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 RNGR versus a peer is one thing; comparing
RNGR 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 RNGR can fluctuate over the course of history.
With this page we aim to empower investors researching RNGR by allowing them to research the RNGR market cap history. |
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Video: The Importance of Market Cap
