Jersey Oil and Gas (LSE:JOG) 6-Month Share Buyback Ratio : -0.01% (As of Jun. 2024 )

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What is Jersey Oil and Gas 6-Month Share Buyback Ratio?

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

6-Month Share Buyback Ratio measures the proportion of a company's outstanding shares repurchased over the past six months, calculated as the percentage change in shares outstanding from two quarters ago to the current quarter. A positive ratio may indicates share buybacks over the period, while a zero or negative ratio suggests no buybacks or potential share issuance. Jersey Oil and Gas's current 6-Month Share Buyback Ratio was -0.01%.

Competitive Comparison of Jersey Oil and Gas's 6-Month Share Buyback Ratio

For the Oil & Gas E&P subindustry, Jersey Oil and Gas's 6-Month Share Buyback Ratio, along with its competitors' market caps and 6-Month 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.

Jersey Oil and Gas's 6-Month Share Buyback Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Jersey Oil and Gas's 6-Month Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where Jersey Oil and Gas's 6-Month Share Buyback Ratio falls into.

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Jersey Oil and Gas 6-Month Share Buyback Ratio Calculation

Jersey Oil and Gas's 6-Month Share Buyback Ratio for the quarter that ended in Jun. 2024 is calculated as

6-Month Share Buyback Ratio	=	(Shares Outstanding (EOP) (Dec. 2023 )	-	Shares Outstanding (EOP) (Jun. 2024 ))	/	Shares Outstanding (EOP) (Dec. 2023 )
	=	(32.666	-	32.668)	/	32.666
	=	-0.01%

* 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.

Jersey Oil and Gas (LSE:JOG) 6-Month Share Buyback Ratio Explanation

A positive ratio may indicates share buybacks over the period, while a zero or negative ratio suggests no buybacks or potential share issuance.

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.

Jersey Oil and Gas 6-Month Share Buyback Ratio Related Terms

Jersey Oil and Gas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Jersey Oil and Gas PLC (LSE:JOG) » Definitions » 6-Month Share Buyback Ratio

Comparable Companies

Traded in Other Exchanges

JOG.GB:UK TPC1:Germany

Address

5 St Andrew’s Place, Ground Floor, Channel Islands, St Helier, JEY, JE2 3RP

Website

https://www.jerseyoilandgas.com

Jersey Oil and Gas PLC and its subsidiaries are involved in upstream oil and gas business in the United Kingdom. The company's operating segment includes Oil and gas exploration, appraisal, development and production, in a single geographical location, the North Sea of the United Kingdom.

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