Sky Quarry is a stock, not an ETF, and it does not have enough credible, current analyst price targets to form a meaningful average. MarketBeat shows only a single Weiss Ratings "Sell" grade with no usable target, while other aggregators report no active Wall Street price targets at all. Because there is no verifiable analyst consensus, this article uses the fallback method: a realistic price objective that is actually being discussed in public research.
That objective is a 12-month price target of $6.50, published on September 24, 2026 by Open Equity, a research outlet covering nano-cap and micro-cap companies. Open Equity initiated a "Speculative Buy" and framed the restart of the Eagle Springs Refinery as an inflection point, arguing the company could begin monetizing its Utah oil-sands resource. This single target is presented as public discussion, not as an analyst consensus, and it should be read with appropriate skepticism.
Sky Quarry recently traded around $2.45 per share, within a 52-week range of roughly $1.10 to $19.45. Reaching $6.50 would require a gain of about 165%, which is a very large move by almost any standard. The stock has been extraordinarily volatile — a weekly price swing of roughly 38% has been typical, far above the broader market — and a 1-for-8 reverse stock split in March 2026 was completed to help the shares meet Nasdaq's minimum bid requirement.
The fundamental path to $6.50 rests on the refinery restart translating into meaningful revenue. Sky Quarry reported negligible net sales in the first quarter of 2026 during an extended refinery outage. A return to production, followed by a ramp toward the facility's stated 5,000 barrel-per-day capacity, would need to be confirmed in upcoming quarterly results before the target could become remotely realistic.
The central support is operational. Sky Quarry received an air permit from the Nevada Division of Environmental Protection and restarted its Eagle Springs Refinery near Ely, Nevada, a development that triggered a sharp short-term rally in the shares. The company's vertically integrated model links a Utah oil-sands asset — the PR Spring site, which the company estimates holds roughly 180 million barrels of bitumen — with its own refining capacity, a structure management argues can capture more of the value chain. The ECOSolv technology, designed to recycle waste asphalt shingles, adds a sustainability angle to the story.
The obstacles are substantial. Sky Quarry has posted negative gross margins and net losses, with trailing revenue well below earlier levels and a thin cash balance alongside meaningful debt. As a nano-cap with a small float and very limited institutional ownership, the shares are prone to violent, sentiment-driven swings that can work in either direction. The company may need additional capital raises, which could dilute existing holders, and it must maintain Nasdaq listing compliance. A slower-than-expected refinery ramp or weak refined-product economics would directly undermine the $6.50 objective.
Technically, the shares sit far below their 52-week high of $19.45, meaning prior peaks offer little near-term reference beyond illustrating how far the stock has fallen. The $6.50 target sits between the recent $2.25–$3.20 trading zone and that prior high. Round-number levels near $5 and $10 could act as psychological markers on any sustained advance, while the low-$2.00 area represents the recent base. For such a volatile, thinly traded security, durable support and resistance are less reliable than for a liquid large-cap.
Open Equity's $6.50 figure reflects a stated 12-month research horizon; no other attributable targets exist to compare. Investors should watch quarterly earnings closely, especially whether the restarted refinery produces revenue and positive operating cash flow, how quickly capacity ramps, and the company's cash runway and any financing activity. Nasdaq compliance, refined-product margins, crude-oil pricing, and any updates on the sustainable aviation fuel strategy are all relevant. None of these items should be read as a forecast.
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The $6.50 target is a single, publicly discussed research objective, not an analyst consensus, and it sits about 165% above the recent price — a very large hurdle. The bull case depends entirely on operational execution: the restarted Eagle Springs Refinery generating real revenue and validating a vertically integrated oil-sands model. The bear case rests on persistent losses, negative margins, a fragile balance sheet, and extreme nano-cap volatility. With no broad analyst coverage to triangulate, investors should treat any stock price target here as speculative and monitor quarterly results, capacity ramps, financing, and listing compliance before drawing conclusions.
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
A.I.dvisor tells us that SKYQ and SU have been poorly correlated (+23% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that SKYQ and SU's prices will move in lockstep.
| Ticker / NAME | Correlation To SKYQ | 1D Price Change % | ||
|---|---|---|---|---|
| SKYQ | 100% | -30.59% | ||
| SU - SKYQ | 23% Poorly correlated | +0.46% | ||
| CVE - SKYQ | 22% Poorly correlated | +0.29% | ||
| IMO - SKYQ | 22% Poorly correlated | -0.21% | ||
| PBR - SKYQ | 7% Poorly correlated | -0.38% | ||
| TTE - SKYQ | 4% Poorly correlated | -0.14% | ||
More | ||||
| Ticker / NAME | Correlation To SKYQ | 1D Price Change % |
|---|---|---|
| SKYQ | 100% | -30.59% |
| Integrated Oil industry (18 stocks) | -10% Poorly correlated | +0.91% |
| Energy Minerals industry (120 stocks) | -12% Poorly correlated | +1.89% |