TSX:QEC

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Questerre Energy

Executive Summary

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


Snowflake Analysis

Limited growth and overvalued.

Share Price & News

How has Questerre Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: QEC has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

8.7%

QEC

-0.08%

CA Oil and Gas

1.5%

CA Market


1 Year Return

-45.7%

QEC

-29.9%

CA Oil and Gas

-11.5%

CA Market

Return vs Industry: QEC underperformed the Canadian Oil and Gas industry which returned -30% over the past year.

Return vs Market: QEC underperformed the Canadian Market which returned -12.4% over the past year.


Shareholder returns

QECIndustryMarket
7 Day8.7%-0.08%1.5%
30 Day4.2%-11.8%-2.3%
90 Day-10.7%8.8%12.2%
1 Year-45.7%-45.7%-26.1%-29.9%-8.4%-11.5%
3 Year-83.1%-83.1%-26.0%-35.0%4.4%-5.5%
5 Year-52.8%-52.8%-30.8%-42.6%21.9%3.5%

Price Volatility Vs. Market

How volatile is Questerre Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Questerre Energy undervalued compared to its fair value and its price relative to the market?

0.34x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate QEC's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate QEC's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: QEC is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

PE vs Market: QEC is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: QEC is good value based on its PB Ratio (0.3x) compared to the CA Oil and Gas industry average (0.7x).


Next Steps

Future Growth

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

118.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: QEC is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: QEC is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: QEC is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: QEC's revenue (29% per year) is forecast to grow faster than the Canadian market (5.5% per year).

High Growth Revenue: QEC's revenue (29% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if QEC's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Questerre Energy performed over the past 5 years?

48.4%

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, but has reduced losses over the past 5 years at a rate of 48.4% 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 (-16.2%).


Return on Equity

High ROE: QEC has a negative Return on Equity (-30.23%), as it is currently unprofitable.


Next Steps

Financial Health

How is Questerre Energy's financial position?


Financial Position Analysis

Short Term Liabilities: QEC's short term assets (CA$17.9M) do not cover its short term liabilities (CA$26.6M).

Long Term Liabilities: QEC's short term assets (CA$17.9M) do not cover its long term liabilities (CA$21.9M).


Debt to Equity History and Analysis

Debt Level: QEC's debt to equity ratio (11%) is considered satisfactory.

Reducing Debt: QEC's debt to equity ratio has increased from 0.08% to 11% 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: Insufficient data to determine if QEC has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if QEC has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


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.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of QEC's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

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

16.0yrs

Average management tenure


CEO

Michael Binnion (59yo)

19.67yrs

Tenure

CA$646,653

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 ($USD477.56K) is above average for companies of similar size in the Canadian market ($USD173.14K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Michael Binnion
President19.67yrsCA$646.65k2.68% CA$1.4m
Jason D'Silva
Chief Financial Officer15.5yrsCA$458.40k0.77% CA$409.5k
Peter Coldham
Vice President of Engineering & Operations14.58yrsCA$364.38k0.023% CA$12.5k
John Brodylo
Vice President of Exploration16.5yrsCA$352.23k0.18% CA$98.0k

16.0yrs

Average Tenure

59yo

Average Age

Experienced Management: QEC's management team is seasoned and experienced (16 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Michael Binnion
President19.67yrsCA$646.65k2.68% CA$1.4m
Dennis Sykora
Independent Director7.33yrsCA$72.44k0.10% CA$55.5k
Bjorn Tonnessen
Independent Chairman5.08yrsCA$111.79k0.011% CA$5.6k
Hans Holden
Independent Director3.25yrsCA$69.44kno data
Mireille Fontaine
Director0.083yrno datano data

5.1yrs

Average Tenure

Experienced Board: QEC's board of directors are considered experienced (5.1 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 company bio, 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
  • Market Cap: CA$53.439m
  • Shares outstanding: 427.52m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
QECTSX (The Toronto Stock Exchange)YesClass A Common Voting SharesCACADJul 2003
QECOB (Oslo Bors)YesClass A Common Voting SharesNONOKJul 2003
QE1DB (Deutsche Boerse AG)YesClass A Common Voting SharesDEEURJul 2003
0KF1LSE (London Stock Exchange)YesClass A Common Voting SharesGBCADJul 2003
QTEY.FOTCPK (Pink Sheets LLC)YesClass A Common Voting SharesUSUSDJul 2003
QECOBATS-CHIXE (BATS 'Chi-X Europe')YesClass A Common Voting SharesGBNOKJul 2003

Biography

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. It also holds 100% working interest in 11,952 acres located in Antler, Saskatchewan; and oil shale assets in Jordan. The company was formerly known as Westpro Equipment Ltd. and changed its name to Questerre Energy Corporation in December 2000. Questerre Energy Corporation was incorporated in 1971 and is headquartered in Calgary, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/07 00:05
End of Day Share Price2020/07/06 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.