Reviewing Sky Quarry (SKYQ) & Its Competitors

Sky Quarry (NASDAQ:SKYQ) is one of 1,051 public companies in the “Oil, Gas & Consumable Fuels” industry, but how does it compare to its peers? We will compare Sky Quarry to related businesses based on the strength of its institutional ownership, earnings, profitability, risk, valuation, analyst recommendations and dividends.

Profitability

This table compares Sky Quarry and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Sky Quarry	-97.65%	-232.60%	-59.42%
Sky Quarry Competitors	-471.01%	6.93%	6.05%

Earnings & Valuation

This table compares Sky Quarry and its peers gross revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Sky Quarry	$12.49 million	-$12.20 million	-0.99
Sky Quarry Competitors	$10.60 billion	$5.51 billion	2.00

Sky Quarry’s peers have higher revenue and earnings than Sky Quarry. Sky Quarry is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Volatility and Risk

Sky Quarry has a beta of 2.16, indicating that its stock price is 116% more volatile than the S&P 500. Comparatively, Sky Quarry’s peers have a beta of -3.79, indicating that their average stock price is 479% less volatile than the S&P 500.

Insider & Institutional Ownership

30.6% of shares of all “Oil, Gas & Consumable Fuels” companies are owned by institutional investors. 5.1% of Sky Quarry shares are owned by insiders. Comparatively, 15.3% of shares of all “Oil, Gas & Consumable Fuels” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Analyst Recommendations

This is a summary of current recommendations for Sky Quarry and its peers, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Sky Quarry	1	0	0	0	1.00
Sky Quarry Competitors	5835	26496	40024	2275	2.52

As a group, “Oil, Gas & Consumable Fuels” companies have a potential upside of 29.91%. Given Sky Quarry’s peers stronger consensus rating and higher probable upside, analysts clearly believe Sky Quarry has less favorable growth aspects than its peers.

Summary

Sky Quarry peers beat Sky Quarry on 11 of the 13 factors compared.

About Sky Quarry

We are an oil production, refining, and a development-stage environmental remediation company formed to deploy technologies to facilitate the recycling of waste asphalt shingles and remediation of oil-saturated sands and soils. The recycling of asphalt shingles is expected to reduce the dependence on landfills for the removal of waste and to also reduce dependence on foreign and domestic virgin crude oil extraction for industrial uses. We have developed a process for separating oil from oily sands and other oil-bearing solids utilizing a proprietary solvent which we refer to as our ECOSolv technology or the ECOSolv process. The solvent is used in a closed-loop distillation and evaporation circuit which results in over 99% of the solvent being recoverable for continuous reuse and requires no water. The solvent has demonstrated oil separation rates of over 95% in bench testing using samples of both mined crushed ore and ground asphalt shingles. We intend to retrofit our PR Spring oil sands remediation facility, located in southeast Utah, to recycle waste asphalt shingles using our ECOSolv technology, and to produce and sell oil as well as asphalt paving aggregate mined from our bitumen deposit. We also plan to develop a modular asphalt shingle recycling facility (“ASR Facility”), which can be deployed in cities with high concentrations of waste asphalt shingles and near asphalt shingle manufacturing centers. We were incorporated in Delaware on June 4, 2019 as “Recoteq, Inc.” On April 22, 2020, we changed our name to “Sky Quarry Inc.”. Sky Quarry is a holding company and has no operations. The purpose of the holding company is to maintain ownership over our subsidiaries, create management efficiencies and establish an organizational structure to facilitate the potential acquisition of other businesses within or complementary to our industry. On September 16, 2020, we acquired 2020 Resources LLC. The assets of 2020 Resources include an oil sands remediation facility (the “PR Spring facility”) and a 100% interest in asphalt bitumen leases covering approximately 5,930 acres in the PR Spring region in Utah. On September 16, 2020, we also acquired 2020 Resources (Canada) Ltd, an entity which is currently inactive. On September 30, 2022, we acquired Foreland Refining Corporation, which is engaged in the refining of heavy crude oil into diesel and other petroleum products (naphtha, vacuum gas oil, and paving asphalt liquids) at its Eagle Springs Refinery located near Ely, Nevada. The acquisition of Foreland was immediately accretive to our revenues and cash flow and provides a strong base for growth. We believe the acquisition is a strategic fit and will form an important role in the future enabling us to vertically integrate the production and refining of oil from waste materials to energy in a sustainable and efficient manner. Sky Quarry Inc. 707 W. 700 S. Suite 101 Woods Cross, UT.