SandRidge Mississippian Trust I is a statutory trust. Co. holds royalty interests in specified oil and natural gas properties located in the Mississippian formation in Alfalfa, Garfield, Grant and Woods counties in Oklahoma. The royalty interests were conveyed by SandRidge Energy, Inc. (SandRidge) to Co. The royalty interests entitle Co. to receive 90% of the proceeds from the sale of oil, natural gas and natural gas liquids (NGL) production attributable to SandRidge's net revenue interest, and 50% of the proceeds from the sale of oil, natural gas and NGL production attributable to SandRidge's net revenue interest. We show 24 historical shares outstanding datapoints in our SDT shares outstanding history coverage, used to compute SDT market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SDT market cap history over the course of time is important for investors
interested in comparing SDT'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 SDT versus a peer is one thing; comparing
SDT 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 SDT can fluctuate over the course of history.
With this page we aim to empower investors researching SDT by allowing them to research the SDT market cap history. |
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Video: The Importance of Market Cap
