Viper Energy, Inc. is an independent oil and natural gas company focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves primarily in the Permian Basin in West Texas. Co. is primarily focused on oil and natural gas properties primarily in the Permian Basin, which consists of approximately 75,000 square miles centered around Midland, Texas. Co.'s assets consist of mineral interests and royalty interests underlying 1,197,638 gross acres and 34,217 net royalty acres primarily in the Permian Basin. Its estimated proved oil and natural gas reserves totaled 179,249 thousand barrels of crude oil equivalent (MBOE). We show 39 historical shares outstanding datapoints in our VNOM shares outstanding history coverage, used to compute VNOM market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing VNOM market cap history over the course of time is important for investors
interested in comparing VNOM'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 VNOM versus a peer is one thing; comparing
VNOM 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 VNOM can fluctuate over the course of history.
With this page we aim to empower investors researching VNOM by allowing them to research the VNOM market cap history. |
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Video: The Importance of Market Cap
