United Energy (United Energy) Shares Outstanding (Diluted Average) : 31.50 Mil (As of Dec. 2010)

United Energy Shares Outstanding (Diluted Average) Chart

United Energy Annual Data
	Trend	Mar00	Mar01	Mar02	Mar03	Mar04	Mar05	Mar06	Mar07	Mar08	Mar09
Shares Outstanding (Diluted Average)		Get a 7-Day Free Trial					22.38	25.33	31.03	31.03	31.03

United Energy Quarterly Data
	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10
Shares Outstanding (Diluted Average)	Get a 7-Day Free Trial															31.33	31.50	31.50	31.50	31.50

United Energy Shares Outstanding (Diluted 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.

United Energy  (OTCPK:UNRG) Shares Outstanding (Diluted 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 Energy Shares Outstanding (Diluted Average) Related Terms

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United Energy (United Energy) Business Description