Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Efora Energy's average basic shares outstanding for the quarter that ended in Aug. 2024 was 1,103.84 Mil.
Efora Energy (JSE:EEL) 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.
Efora Energy Shares Outstanding (Basic Average) Related Terms
Efora Energy Shares Outstanding (Basic Average) Historical Data
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The historical data trend for Efora Energy'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.
Efora Energy Shares Outstanding (Basic Average) Chart
Efora Energy 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 1,103.84 Mil mean?
Efora Energy (JSE:EEL) has a Shares Outstanding (Basic Average) of 1,103.84 Mil as of Aug. 2024. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Efora Energy and its competitors.
Is Efora Energy's Shares Outstanding (Basic Average) too high?
Efora Energy's current Shares Outstanding (Basic Average) is 1,103.84 Mil. Overall, Efora Energy has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Efora Energy's Shares Outstanding (Basic Average) compare to COP and EOG?
Efora Energy's Shares Outstanding (Basic Average) of 1,103.84 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 Efora Energy and its competitors. Efora Energy's current Shares Outstanding (Basic Average) is 1,103.84 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Efora Energy stock overvalued right now?
Efora Energy (JSE:EEL) has a current Shares Outstanding (Basic Average) of 1,103.84 Mil. The current Shares Outstanding (Basic Average) is 1,103.84 Mil. Efora Energy's overall GF Score™ is 11/100. 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 Efora Energy (JSE:EEL), the current Shares Outstanding (Basic Average) is 1,103.84 Mil as of Aug. 2024. 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.
Efora Energy Ltd is an African oil and gas company. It has a diverse portfolio of assets spanning production in Egypt; exploration and appraisal in the Democratic Republic of Congo, Malawi, and Botswana; and midstream projects including a crude trading allocation in Nigeria and a terminal project in Equatorial Guinea. The operations of the Group comprise oil and gas exploration and production, crude trading, and the sale of petroleum products. It derives the majority of its revenue from the sale of petroleum products.
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