OB:QEC

Stock Analysis Report

Questerre Energy

Executive Summary

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

Snowflake

Fundamentals

High growth potential and fair value.

Risks

  • Questerre Energy has significant price volatility in the past 3 months.
  • Questerre Energy is covered by less than 3 analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

6.5%

OB:QEC

4.9%

NO Oil and Gas

3.1%

NO Market


1 Year Return

-49.7%

OB:QEC

-26.5%

NO Oil and Gas

-14.0%

NO Market

QEC underperformed the Oil and Gas industry which returned -26.9% over the past year.

QEC underperformed the Market in Norway which returned -14.2% over the past year.


Share holder returns

QECIndustryMarket
7 Day6.5%4.9%3.1%
30 Day-4.7%-7.4%-4.0%
90 Day-25.3%-10.5%-4.8%
1 Year-49.7%-49.7%-22.8%-26.5%-9.1%-14.0%
3 Year11.5%11.5%40.9%23.6%39.5%21.0%
5 Year-79.2%-79.2%18.2%-6.4%38.7%7.1%

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

No news available

Valuation

Is Questerre Energy undervalued based on future cash flows and its price relative to the stock market?

8.08x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Questerre Energy to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Questerre Energy to establish if it is available at substantial discount.


Price Based on Earnings

Questerre Energy is overvalued based on earnings compared to the NO Oil and Gas industry average.

Questerre Energy is good value based on earnings compared to the Norway market.


Price Based on Expected Growth

Questerre Energy is good value based on expected growth next year.


Price Based on Value of Assets

Questerre Energy is good value based on assets compared to the NO Oil and Gas industry average.


Next Steps

Future Growth

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

32.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Questerre Energy's revenue is expected to grow significantly at over 20% yearly.

Questerre Energy's earnings are expected to grow significantly at over 20% yearly.

Questerre Energy's revenue growth is expected to exceed the Norway market average.

Questerre Energy's earnings growth is expected to exceed the Norway market average.

Questerre Energy's earnings growth is expected to exceed the low risk savings rate of 1.8%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Questerre Energy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Questerre Energy performed over the past 5 years?

34.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Questerre Energy has delivered over 20% year on year earnings growth in the past 5 years.

Questerre Energy has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.

Questerre Energy has become profitable in the last year making it difficult to compare the NO Oil and Gas industry average.


Return on Equity

Questerre Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Questerre Energy used its assets less efficiently than the NO Oil and Gas industry average last year based on Return on Assets.


Return on Capital Employed

Questerre Energy has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).


Next Steps

Financial Health

How is Questerre Energy's financial position?


Financial Position Analysis

Questerre Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Questerre Energy's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Questerre Energy's level of debt (7.4%) compared to net worth is satisfactory (less than 40%).

Unable to establish if Questerre Energy's debt level has increased without past 5-year debt data.

Debt is well covered by operating cash flow (62.4%, greater than 20% of total debt).

Unable to confirm if the interest payments on Questerre Energy's debt are well covered by earnings due to lack of past financial data.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 2.3x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Questerre Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Questerre Energy's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Questerre Energy has not reported any payouts.

Unable to verify if Questerre Energy's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Questerre Energy has not reported any payouts.


Future Payout to Shareholders

No need to calculate the sustainability of Questerre Energy's dividends in 3 years as they are not expected to pay a notable one for Norway.


Next Steps

Management

What is the CEO of Questerre Energy's salary, the management and board of directors tenure and is there insider trading?

14.6yrs

Average management tenure


CEO

Michael Binnion (58yo)

18.8yrs

Tenure

CA$546,630

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

Michael's remuneration is higher than average for companies of similar size in Norway.

Michael's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

14.6yrs

Average Tenure

58yo

Average Age

The average tenure for the Questerre Energy management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

5.7yrs

Average Tenure

The tenure for the Questerre Energy board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyCA$600,00025 Apr 19
Michael Binnion
EntityIndividual
Role
Chief Executive Officer
President
Shares250,000
Max PriceCA$2.40
BuyCA$12,93204 Oct 18
Alain Sans Cartier
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares3,000
Max PriceCA$5.67

Ownership Breakdown


Management Team

  • Michael Binnion (58yo)

    President

    • Tenure: 18.8yrs
    • Compensation: CA$546.63k
  • Jason D’Silva (45yo)

    Chief Financial Officer

    • Tenure: 14.6yrs
    • Compensation: CA$319.67k
  • Richard Mindus (63yo)

    Vice President of Facilities & Field Operations

    • Tenure: 5.6yrs
    • Compensation: CA$102.77k
  • John Brodylo (58yo)

    Vice President of Exploration

    • Tenure: 15.6yrs
    • Compensation: CA$287.70k
  • Peter Coldham

    Vice President of Engineering & Operations

    • Tenure: 13.7yrs
    • Compensation: CA$319.67k

Board Members

  • Michael Binnion (58yo)

    President

    • Tenure: 18.8yrs
    • Compensation: CA$546.63k
  • Earl Hickok

    Independent Director

    • Tenure: 5.2yrs
    • Compensation: CA$82.13k
  • Dennis Sykora (59yo)

    Independent Director

    • Tenure: 6.4yrs
    • Compensation: CA$86.07k
  • Bjorn Tonnessen

    Chairman

    • Tenure: 4.2yrs
    • Compensation: CA$123.62k
  • Alain Sans Cartier

    Independent Director

    • Tenure: 6.3yrs
    • Compensation: CA$69.40k
  • Hans Holden

    Independent Director

    • Tenure: 2.3yrs
    • Compensation: CA$75.07k

Company Information

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


Key Information

  • Name: Questerre Energy Corporation
  • Ticker: QEC
  • Exchange: OB
  • Founded: 1971
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: CA$85.581m
  • Listing Market Cap: CA$577.538m
  • Shares outstanding: 427.91m
  • Website: https://www.questerre.com

Number of Employees


Location

  • Questerre Energy Corporation
  • 1650 AMEC Place
  • 801 Sixth Avenue SW
  • 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 for, and develops non-conventional oil and gas projects in North America. It produces tight oil, oil shale, shale oil, and shale gas. The company primarily h ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/22 20:51
End of Day Share Price2019/08/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.