Questerre Energy Corporation acquires, explores, and develops non-conventional oil and gas projects in Canada.
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.
7 Day Return
CA Oil and Gas
1 Year Return
CA Oil and Gas
Return vs Industry: QEC underperformed the Canadian Oil and Gas industry which returned -30.1% over the past year.
Return vs Market: QEC underperformed the Canadian Market which returned -12.5% over the past year.
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
3 weeks ago | Simply Wall StHere's Why Questerre Energy (TSE:QEC) Can Afford Some Debt
1 month ago | Simply Wall StShould You Worry About Questerre Energy Corporation's (TSE:QEC) CEO Pay?
3 months ago | Simply Wall StDowngrade: The Latest Revenue And EPS Forecasts For Questerre Energy Corporation (TSE:QEC)
Is Questerre Energy undervalued compared to its fair value and its price relative to the market?
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).
How is Questerre Energy forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
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 (5.4% 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
How has Questerre Energy performed over the past 5 years?
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.
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.
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Michael Binnion (59yo)
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 ($USD475.49K) is above average for companies of similar size in the Canadian market ($USD173.94K).
Compensation vs Earnings: Michael's compensation has increased whilst the company is unprofitable.
|Chief Financial Officer||15.5yrs||CA$458.40k||0.77% CA$376.7k|
|Vice President of Engineering & Operations||14.58yrs||CA$364.38k||0.023% CA$11.5k|
|Vice President of Exploration||16.5yrs||CA$352.23k||0.18% CA$90.2k|
Experienced Management: QEC's management team is seasoned and experienced (16 years average tenure).
|Independent Director||7.33yrs||CA$72.44k||0.10% CA$51.0k|
|Independent Chairman||5.08yrs||CA$111.79k||0.011% CA$5.2k|
|Independent Director||3.25yrs||CA$69.44k||no data|
|Director||0.083yr||no data||no data|
Experienced Board: QEC's board of directors are considered experienced (5.1 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Questerre Energy Corporation's company bio, employee growth, exchange listings and data sources
- Name: Questerre Energy Corporation
- Ticker: QEC
- Exchange: TSX
- Founded: 1971
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: CA$49.164m
- Shares outstanding: 427.52m
- Website: https://www.questerre.com
Number of Employees
- Questerre Energy Corporation
- 801 - Sixth Avenue S.W.
- Suite 1650
- T2P 3W2
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|QEC||TSX (The Toronto Stock Exchange)||Yes||Class A Common Voting Shares||CA||CAD||Jul 2003|
|QEC||OB (Oslo Bors)||Yes||Class A Common Voting Shares||NO||NOK||Jul 2003|
|QE1||DB (Deutsche Boerse AG)||Yes||Class A Common Voting Shares||DE||EUR||Jul 2003|
|0KF1||LSE (London Stock Exchange)||Yes||Class A Common Voting Shares||GB||CAD||Jul 2003|
|QTEY.F||OTCPK (Pink Sheets LLC)||Yes||Class A Common Voting Shares||US||USD||Jul 2003|
|QECO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Class A Common Voting Shares||GB||NOK||Jul 2003|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/03 00:05|
|End of Day Share Price||2020/07/02 00:00|
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.