Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Parex Resources's share price for the quarter that ended in Mar. 2024 was C$21.64. Parex Resources's Shares Outstanding (EOP) for the quarter that ended in Mar. 2024 was 103 Mil. Therefore, Parex Resources's market cap for the quarter that ended in Mar. 2024 was C$2,227 Mil.
Parex Resources's quarterly market cap
declined
from Sep. 2023 (C$2,677 Mil) to Dec. 2023 (C$2,590 Mil) and
declined
from Dec. 2023 (C$2,590 Mil) to Mar. 2024 (C$2,227 Mil).
Parex Resources's annual market cap
declined
from Dec. 2021 (C$2,599 Mil) to Dec. 2022 (C$2,199 Mil) but then
increased
from Dec. 2022 (C$2,199 Mil) to Dec. 2023 (C$2,590 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Parex Resources's Enterprise Value for Today is C$2,302 Mil.
Parex Resources Market Cap Historical Data
The historical data trend for Parex Resources's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Parex Resources's Market Cap
For the Oil & Gas E&P subindustry, Parex Resources's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Parex Resources's Market Cap Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Parex Resources's Market Cap distribution charts can be found below:
* The bar in red indicates where Parex Resources's Market Cap falls into.
Parex Resources Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Parex Resources's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Parex Resources (TSX:PXT) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Parex Resources Market Cap Related Terms
Thank you for viewing the detailed overview of Parex Resources's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Parex Resources Inc engages in exploration, development, and production of crude oil. The company brings technology utilized in the Western Canada Sedimentary Basin to South American basins with large oil-in-place potential. Majority of the company's properties are focused in Colombia, where it pays a royalty or tax to the government for its operations. Parex depends on a team of geologists and geophysicists, in partnership with technologies such as 3D seismic surveying, to help exploration efforts. Oil production is sold to a small basket of participants in South and North America.
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