Questerre Announces Quebec Spinout Plans and PX Energy Transaction Update

Questerre ( (TSE:QEC) ) has shared an announcement.

Questerre Energy Corporation has announced corporate updates concerning the spinout of its Quebec assets and developments surrounding the PX Energy transaction. The Quebec Spinout will involve the issuance of tracking preferred shares, enabling shareholders to benefit from the economic outcome of Questerre’s Quebec assets while minimizing regulatory and political risks. Regarding the PX Energy transaction, the company has filed a purchase price adjustment claim for $21.5 million, which is under dispute. Additionally, Questerre is preparing to close a joint venture in Brazil, aiming to further its international growth strategy.

The most recent analyst rating on (TSE:QEC) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Questerre stock, see the TSE:QEC Stock Forecast page.

Spark’s Take on TSE:QEC Stock

According to Spark, TipRanks’ AI Analyst, TSE:QEC is a Neutral.

Questerre’s overall stock score reflects a balance of mixed financial performance and neutral technical indicators. The negative valuation metrics weigh heavily on the score, highlighting profitability concerns. The absence of earnings call and corporate events data limits further insights.

To see Spark’s full report on TSE:QEC stock, click here.

More about Questerre

Questerre Energy Corporation is an energy technology and innovation company focusing on leveraging its expertise to drive advancements in the energy sector. The company is primarily involved in energy development and operates with a focus on innovation and strategic growth, including international ventures.

Average Trading Volume: 24,420

Technical Sentiment Signal: Buy

Current Market Cap: C$132.8M

Find detailed analytics on QEC stock on TipRanks’ Stock Analysis page.