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Questerre Energy (TSE:QEC) was downgraded by equities research analysts at Canaccord Genuity to a “buy” rating in a research note issued to investors on Friday. They currently have a C$1.60 price target on the stock, down from their previous price target of C$1.75. Canaccord Genuity’s target price points to a potential upside of 32.23% from the company’s current price.

Questerre Energy (TSE:QEC) traded up 0.85% during mid-day trading on Friday, hitting $1.19. 2,918 shares of the company’s stock traded hands. Questerre Energy has a 52 week low of $0.93 and a 52 week high of $1.58. The stock’s 50-day moving average is $1.21 and its 200-day moving average is $1.25. The company’s market cap is $315.3 million.

Questerre Energy Corporation (TSE:QEC) is engaged in the exploration for, and the development, production and acquisition of oil and gas projects, particularly shale oil and gas.

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