Hide

FocusBar

FeedbackFeedback
Subscribe to Premium Member
3.08 (1y: -40%)
Market Cap 119.5 M P/E(ttm)
Enterprise Value 121.36 M P/B
HNR- NYSE (USA)
Harvest Natural Resources, Inc.
Not Rated
Top Ranked Predictable Companies
$3.08
Switch to:

Harvest Natural Resources, Inc. Total Shares Outstanding: 40.0 ( as of Dec10)

* All numbers are in millions except for per share data HNR 10-Y Financials »

Definition

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

If a company buys back shares, we should also observe negative number for Net Issuance of Stock in its cash flow statement. If a company issues shares, we will observe positive number of Net Issuance of Stock.

Beaware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.

Related Terms

Net Issuance of Stock, Buy back rate
* All numbers are in millions except for per share data

Harvest Natural Resources, Inc. Annual Data

This information is for Premium Members Only.


Take the full advantage of Gurus' investment ideas now.

7-Day Free Trial
Dec00Dec01Dec02Dec03Dec04Dec05Dec06Dec07Dec09Dec10
Shares OutstandingPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member Only
Harvest Natural Resources, Inc. Quarterly Data

This information is for Premium Members Only.


Take the full advantage of Gurus' investment ideas now.

7-Day Free Trial
Jun05Sep05Dec05Mar06Jun06Dec09Mar10Jun10Sep10Dec10
Shares OutstandingPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member Only

Financial Dictionary

GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names
Free 7-day Trial
FEEDBACK