Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Horizon Oil's shares outstanding for the quarter that ended in Dec. 2025 was 1,627.59 Mil.
Horizon Oil's quarterly shares outstanding
increased
from Jun. 2025 (1,625.30 Mil) to Dec. 2025 (1,627.59 Mil).
It means Horizon Oilissued new shares from Jun. 2025 to Dec. 2025 .
Horizon Oil's annual shares outstanding
increased
from Jun. 2024 (1,623.02 Mil) to Jun. 2025 (1,625.30 Mil).
It means Horizon Oilissued new shares from Jun. 2024 to Jun. 2025 .
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.
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.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Horizon Oil Shares Outstanding (EOP) Related Terms
Horizon Oil Shares Outstanding (EOP) Historical Data
* Premium members only.
The historical data trend for Horizon Oil's Shares Outstanding (EOP) 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.
FRA:HOJ vs COP, EOG, FANG: Shares Outstanding (EOP) Comparison
For the Oil & Gas E&P subindustry, Horizon Oil's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) 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.
Horizon Oil Shares Outstanding (EOP) vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Horizon Oil's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Horizon Oil's Shares Outstanding (EOP) falls into.
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.
What does a Shares Outstanding (EOP) of 1,627.59 Mil mean?
Horizon Oil (FRA:HOJ) has a Shares Outstanding (EOP) of 1,627.59 Mil as of Dec. 2025. The total shares a company has outstanding, at period-end. View historical data on Horizon Oil and its competitors.
Is Horizon Oil's Shares Outstanding (EOP) too high?
Horizon Oil's current Shares Outstanding (EOP) is 1,627.59 Mil. Overall, Horizon Oil has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Horizon Oil's Shares Outstanding (EOP) compare to COP and EOG?
Horizon Oil's Shares Outstanding (EOP) of 1,627.59 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for an Oil & Gas company?
A good Shares Outstanding (EOP) depends on the Oil & Gas industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on Horizon Oil and its competitors. Horizon Oil's current Shares Outstanding (EOP) is 1,627.59 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horizon Oil stock overvalued right now?
Based on GuruFocus' analysis, Horizon Oil (FRA:HOJ) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.09, compared to a current price of €0.12 — trading 34.4% above its estimated fair value. The current Shares Outstanding (EOP) is 1,627.59 Mil. Horizon Oil's overall GF Score™ is 40/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For Horizon Oil (FRA:HOJ), the current Shares Outstanding (EOP) is 1,627.59 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Horizon Oil (FRA:HOJ) Overvalued in 2026?
Based on GuruFocus' analysis, Horizon Oil stock appears to be overvalued.
The current stock price of €0.12 is trading 34.4% above its estimated GF Value™ of €0.09.
GuruFocus considers Horizon Oil to be Significantly Overvalued.
Key valuation signals for FRA:HOJ:
Shares Outstanding (EOP): 1,627.59 Mil
GF Value™: €0.09 vs. price of €0.12 (34.4% above fair value)
No single metric tells the full story. See the FRA:HOJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Horizon Oil Ltd is engaged in petroleum exploration, development, and production. The company operates in three segments: China development, New Zealand development, and Australia development. It generates maximum revenue from the China development segment, which is involved in developing and producing crude oil from the Block 22/12-WZ6-12, WZ12-8W and WZ12-8E oil field developments and in the exploration and evaluation of hydrocarbons within Block 22/12. The New Zealand development segment is currently involved in developing and producing crude oil from the Maari/Manaia oil field development, and the Australia development segment is engaged in developing and producing oil and gas from the Mereenie OL4 and OL5 oil and gas fields.
40GF Score
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Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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