TAG Oil (TSXV:TAO) 10-Year Share Buyback Ratio : -7.60% (As of Sep. 2024)

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What is TAG Oil 10-Year Share Buyback Ratio?

Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.

10-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past ten years. It is calculated as the annualized percentage change in shares outstanding from ten years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. TAG Oil's current 10-Year Share Buyback Ratio was -7.60%.

TSXV:TAO's 10-Year Share Buyback Ratio is ranked worse than
54.34% of 703 companies
in the Oil & Gas industry
Industry Median: -5.7 vs TSXV:TAO: -7.60

Competitive Comparison of TAG Oil's 10-Year Share Buyback Ratio

For the Oil & Gas E&P subindustry, TAG Oil's 10-Year Share Buyback Ratio, along with its competitors' market caps and 10-Year Share Buyback Ratio 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.

TAG Oil's 10-Year Share Buyback Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, TAG Oil's 10-Year Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where TAG Oil's 10-Year Share Buyback Ratio falls into.

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TAG Oil 10-Year Share Buyback Ratio Calculation

This is the annualized percentage change in shares outstanding from ten years ago to the current year. The annualized percentage change is calculated with least-square regression based on the eleven years of annual data on Shares Outstanding (EOP).

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

TAG Oil (TSXV:TAO) 10-Year Share Buyback Ratio Explanation

A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.

Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.

TAG Oil 10-Year Share Buyback Ratio Related Terms

Thank you for viewing the detailed overview of TAG Oil's 10-Year Share Buyback Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

TAG Oil Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TAG Oil Ltd (TSXV:TAO) » Definitions » 10-Year Share Buyback Ratio

Comparable Companies

Traded in Other Exchanges

TAOIF:USA T0P:Germany

Address

1710 - 1050 West Pender Street, Suite 2040, Vancouver, BC, CAN, V6E 3S7

Website

https://www.tagoil.com

TAG Oil Ltd is a Canada-based oil and gas exploration, development, and production company. It operates through three geographical segments namely Canada, New Zealand, and Australia. Geographically, the firm generates a majority of its revenue from New Zealand.

Executives

Abdel Fattah Badwi	Director, Senior Officer
Toby Robert Pierce	Director, Senior Officer
Hickey Thomas	Director
Barry Macneil	Senior Officer
Giuseppe (pino) Perone	Senior Officer
Yf Finance Limited	10% Security Holder
Gavin Wilson	Director
Tag Oil Ltd.	Issuer