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QEC

Questerre Energy TSX:QEC Stock Report

Last Price

CA$0.23

Market Cap

CA$96.4m

7D

-15.1%

1Y

21.6%

Updated

04 Jul, 2022

Data

Company Financials
QEC fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

QEC Stock Overview

Questerre Energy Corporation acquires, explores, and develops non-conventional oil and gas projects in Canada.

Questerre Energy Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Questerre Energy
Historical stock prices
Current Share PriceCA$0.23
52 Week HighCA$0.44
52 Week LowCA$0.13
Beta2.17
1 Month Change18.42%
3 Month Change-21.05%
1 Year Change21.62%
3 Year Change-4.26%
5 Year Change-69.18%
Change since IPO-80.44%

Recent News & Updates

Mar 16
These 4 Measures Indicate That Questerre Energy (TSE:QEC) Is Using Debt Reasonably Well

These 4 Measures Indicate That Questerre Energy (TSE:QEC) Is Using Debt Reasonably Well

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Shareholder Returns

QECCA Oil and GasCA Market
7D-15.1%-0.1%-1.2%
1Y21.6%34.3%-4.5%

Return vs Industry: QEC underperformed the Canadian Oil and Gas industry which returned 33.7% over the past year.

Return vs Market: QEC exceeded the Canadian Market which returned -5% over the past year.

Price Volatility

Is QEC's price volatile compared to industry and market?
QEC volatility
QEC Average Weekly Movement14.0%
Oil and Gas Industry Average Movement10.6%
Market Average Movement10.1%
10% most volatile stocks in CA Market17.5%
10% least volatile stocks in CA Market4.4%

Stable Share Price: QEC is more volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: QEC's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of Canadian stocks.

About the Company

FoundedEmployeesCEOWebsite
1971n/aMichael Binnionhttps://www.questerre.com

Questerre Energy Corporation acquires, explores, and develops non-conventional oil and gas projects in Canada. It produces tight oil, oil shale, shale oil, and shale gas. The company primarily holds 40,800 acres located in Kakwa, west central Alberta, including a 25% working interest in 10,080 acres in Kakwa Central; 50% working interest in 4,480 acres in Kakwa North; 50% interest in 22,400 acres in Kakwa West; and 50% interest in 3,840 acres in Kakwa South.

Questerre Energy Fundamentals Summary

How do Questerre Energy's earnings and revenue compare to its market cap?
QEC fundamental statistics
Market CapCA$96.42m
Earnings (TTM)-CA$2.79m
Revenue (TTM)CA$30.87m

3.1x

P/S Ratio

-34.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
QEC income statement (TTM)
RevenueCA$30.87m
Cost of RevenueCA$11.88m
Gross ProfitCA$18.99m
Other ExpensesCA$21.78m
Earnings-CA$2.79m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 10, 2022

Earnings per share (EPS)-0.0065
Gross Margin61.52%
Net Profit Margin-9.03%
Debt/Equity Ratio0.5%

How did QEC perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is QEC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for QEC?

Other financial metrics that can be useful for relative valuation.

QEC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.9x
Enterprise Value/EBITDA0.7x
PEG Ration/a

Price to Sales Ratio vs Peers

How does QEC's PS Ratio compare to its peers?

QEC PS Ratio vs Peers
The above table shows the PS ratio for QEC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average8.6x
TCF Trillion Energy International
17.5xn/aCA$84.9m
FORZ Forza Petroleum
0.6xn/aCA$99.4m
TPL Tethys Petroleum
2.4xn/aCA$85.9m
RBY Rubellite Energy
13.8x82.7%CA$183.3m
QEC Questerre Energy
3.1xn/aCA$96.4m

Price-To-Sales vs Peers: QEC is good value based on its Price-To-Sales Ratio (3.1x) compared to the peer average (8.6x).


Price to Earnings Ratio vs Industry

How does QEC's PE Ratio compare vs other companies in the CA Oil and Gas Industry?

Price-To-Sales vs Industry: QEC is expensive based on its Price-To-Sales Ratio (3.1x) compared to the Canadian Oil and Gas industry average (2.6x)


Price to Sales Ratio vs Fair Ratio

What is QEC's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

QEC PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.1x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate QEC's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of QEC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: QEC (CA$0.23) is trading above our estimate of fair value (CA$0.07)

Significantly Below Fair Value: QEC is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate QEC's PEG Ratio to determine if it is good value.


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Future Growth

How is Questerre Energy forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


3.7%

Forecasted Energy industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Questerre Energy has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Examine Questerre Energy's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Questerre Energy competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Questerre Energy performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-11.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: QEC is currently unprofitable.

Growing Profit Margin: QEC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: QEC is unprofitable, and losses have increased over the past 5 years at a rate of 11.6% per year.

Accelerating Growth: Unable to compare QEC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: QEC is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (171.2%).


Return on Equity

High ROE: QEC has a negative Return on Equity (-1.83%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Questerre Energy's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: QEC's short term assets (CA$13.4M) exceed its short term liabilities (CA$12.2M).

Long Term Liabilities: QEC's short term assets (CA$13.4M) do not cover its long term liabilities (CA$22.1M).


Debt to Equity History and Analysis

Debt Level: QEC has more cash than its total debt.

Reducing Debt: QEC's debt to equity ratio has reduced from 10.7% to 0.5% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable QEC has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: QEC is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 27.8% per year.


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Dividend

What is Questerre Energy current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate QEC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate QEC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if QEC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if QEC's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as QEC has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

18.0yrs

Average management tenure


CEO

Michael Binnion (61 yo)

21.67yrs

Tenure

CA$557,639

Compensation

Mr. Michael Rupert Binnion, C.A., founded Questerre Energy Corp., and has been its Chief Executive Officer and President since November 2000. Mr. Binnion served as an Interim Chief Executive Officer & Inte...


CEO Compensation Analysis

Compensation vs Market: Michael's total compensation ($USD432.74K) is above average for companies of similar size in the Canadian market ($USD191.19K).

Compensation vs Earnings: Michael's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: QEC's management team is seasoned and experienced (18 years average tenure).


Board Members

Experienced Board: QEC's board of directors are considered experienced (9.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Questerre Energy Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Questerre Energy Corporation
  • Ticker: QEC
  • Exchange: TSX
  • Founded: 1971
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: CA$96.416m
  • Shares outstanding: 428.52m
  • Website: https://www.questerre.com

Number of Employees


Location

  • Questerre Energy Corporation
  • 801 - Sixth Avenue S.W.
  • Suite 1650
  • Calgary
  • Alberta
  • T2P 3W2
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/04 00:00
End of Day Share Price2022/07/04 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.