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). Empire Petroleum's share price for the quarter that ended in Dec. 2023 was $10.99. Empire Petroleum's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 25.50 Mil. Therefore, Empire Petroleum's market cap for the quarter that ended in Dec. 2023 was $280.28 Mil.
Empire Petroleum's quarterly market cap
increased
from Jun. 2023 ($201.33 Mil) to Sep. 2023 ($220.45 Mil) and
increased
from Sep. 2023 ($220.45 Mil) to Dec. 2023 ($280.28 Mil).
Empire Petroleum's annual market cap
increased
from Dec. 2021 ($239.48 Mil) to Dec. 2022 ($271.75 Mil) and
increased
from Dec. 2022 ($271.75 Mil) to Dec. 2023 ($280.28 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. Empire Petroleum's Enterprise Value for Today is $135.46 Mil.
Empire Petroleum Market Cap Historical Data
The historical data trend for Empire Petroleum'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.
For the Oil & Gas E&P subindustry, Empire Petroleum'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.
Empire Petroleum Market Cap Distribution
For the Oil & Gas industry and Energy sector, Empire Petroleum's Market Cap distribution charts can be found below:
* The bar in red indicates where Empire Petroleum's Market Cap falls into.
Empire Petroleum 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.
Empire Petroleum'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.
Empire Petroleum (AMEX:EP) 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.
Empire Petroleum Market Cap Related Terms
Thank you for viewing the detailed overview of Empire Petroleum's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Empire Petroleum (Empire Petroleum) Business Description
Empire Petroleum Corp is engaged in the exploration and development of oil and natural gas in the United States. All of the company's producing properties are located in Louisiana, Texas, North Dakota, and New Mexico. It generates revenue from Oil and Gas sales.
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