Montage Resource is an independent exploration and production company engaged in the acquisition and development of oil and natural gas properties in the Appalachian Basin. As of Dec. 31, 2017, Co. had approx. 96,000 net acres in the Utica Shale fairway, which Co. refers to as the Utica Core Area and approx. 15,500 acres in its Marcellus Area. As of Dec 31 2017, Co. had an estimated 1.46 trillion cubic ft. equivalent of net proved natural gas, natural gas liquids and oil reserves, which comprised of 1.09 trillion cubic ft. of natural gas reserves, 41.9 million barrels of NGL reserves, 19.5 million barrels of oil reserves. We show 18 historical shares outstanding datapoints in our coverage of ECR's shares outstanding history.
Understanding the changing numbers of ECR shares outstanding — and
comprehending the concept of differing number of shares outstanding in general comparing companies like ECR versus peers —
is critical for investors. 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.
Furthermore, via issuance of new shares over time, or the repurchase of existing shares, the number of shares outstanding can fluctuate over the course of history.
With this page we aim to empower investors researching ECR by allowing them to research ECR shares outstanding history
as well as any other stock in our coverage universe. |
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Video: Shares Outstanding Importance
