United States Oil and Gas (FRA:NG5B) Shares Outstanding (Basic Average): 2,337.21 Mil (As of Sep. 2011)


What is United States Oil and Gas Shares Outstanding (Basic Average)?

United States Oil and Gas FRA:NG5B Shares Outstanding (Basic Average) is 2,337.21 Mil as of Sep. 2011.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. United States Oil and Gas's average basic shares outstanding for the quarter that ended in Sep. 2011 was 2,337.21 Mil.

United States Oil and Gas  (FRA:NG5B) Shares Outstanding (Basic Average) 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.

Be Aware

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.

United States Oil and Gas Shares Outstanding (Basic Average) Related Terms

United States Oil and Gas Shares Outstanding (Basic Average) Historical Data

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The historical data trend for United States Oil and Gas's Shares Outstanding (Basic Average) 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.

United States Oil and Gas Shares Outstanding (Basic Average) Chart

United States Oil and Gas Annual Data
Trend Dec09 Dec10
Shares Outstanding (Basic Average)
1,092.65 1,261.98

United States Oil and Gas Quarterly Data
Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11
Shares Outstanding (Basic Average) Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,279.38 1,709.80 1,808.76 2,286.89 2,337.21

United States Oil and Gas Shares Outstanding (Basic Average) Calculation

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.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

What does a Shares Outstanding (Basic Average) of 2,337.21 Mil mean?
United States Oil and Gas (FRA:NG5B) has a Shares Outstanding (Basic Average) of 2,337.21 Mil as of Sep. 2011. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on United States Oil and Gas and its competitors.
Is United States Oil and Gas' Shares Outstanding (Basic Average) too high?
United States Oil and Gas' current Shares Outstanding (Basic Average) is 2,337.21 Mil.
How does United States Oil and Gas' Shares Outstanding (Basic Average) compare to competitors?
United States Oil and Gas' Shares Outstanding (Basic Average) of 2,337.21 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 (Basic Average) for an Oil & Gas company?
A good Shares Outstanding (Basic Average) depends on the Oil & Gas industry context. However, Shares Outstanding (Basic Average) 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 (Basic Average) mean?
A high Shares Outstanding (Basic Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on United States Oil and Gas and its competitors. United States Oil and Gas's current Shares Outstanding (Basic Average) is 2,337.21 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United States Oil and Gas stock overvalued right now?
United States Oil and Gas (FRA:NG5B) has a current Shares Outstanding (Basic Average) of 2,337.21 Mil. The current Shares Outstanding (Basic Average) is 2,337.21 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (Basic Average) calculated?
Shares Outstanding (Basic Average) is calculated from a company's financial statements. For United States Oil and Gas (FRA:NG5B), the current Shares Outstanding (Basic Average) is 2,337.21 Mil as of Sep. 2011. 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.

United States Oil and Gas Business Description

Industry EnergyOil & Gas
United States Oil And Gas Corp was founded in April 2007. The Company identifies and attempts to acquire domestic oil and gas service companies that market and distribute refined fuels, distillates (which are liquid petroleum products that are burned in a furnace or boiler for the generation of heat or used in an engine for the generation of power) and propane to retail and wholesale customers and oversee the operations of the businesses it acquires. Its acquisition targets are small to mid-sized family-run companies. Oil and gas service companies typically purchase bulk fuel and propane from regional suppliers, then store, sell, and deliver the fuel and propane to local businesses, drillers, farms, wholesalers, and individuals.