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Source Rock Royalties TSXV:SRR Stock Report

Last Price

CA$0.89

Market Cap

CA$40.3m

7D

1.1%

1Y

3.5%

Updated

31 May, 2024

Data

Company Financials

Source Rock Royalties Ltd.

TSXV:SRR Stock Report

Market Cap: CA$40.3m

SRR Stock Overview

Engages in the acquiring and managing of oil and gas royalties and mineral title interests.

SRR fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends2/6

Source Rock Royalties Ltd. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Source Rock Royalties
Historical stock prices
Current Share PriceCA$0.89
52 Week HighCA$0.91
52 Week LowCA$0.74
Beta0.25
1 Month Change1.14%
3 Month Change5.95%
1 Year Change3.49%
3 Year Changen/a
5 Year Changen/a
Change since IPO4.71%

Recent News & Updates

Earnings Troubles May Signal Larger Issues for Source Rock Royalties (CVE:SRR) Shareholders

Apr 26
Earnings Troubles May Signal Larger Issues for Source Rock Royalties (CVE:SRR) Shareholders

Source Rock Royalties (CVE:SRR) Is Increasing Its Dividend To CA$0.0065

Apr 25
Source Rock Royalties (CVE:SRR) Is Increasing Its Dividend To CA$0.0065

Recent updates

Earnings Troubles May Signal Larger Issues for Source Rock Royalties (CVE:SRR) Shareholders

Apr 26
Earnings Troubles May Signal Larger Issues for Source Rock Royalties (CVE:SRR) Shareholders

Source Rock Royalties (CVE:SRR) Is Increasing Its Dividend To CA$0.0065

Apr 25
Source Rock Royalties (CVE:SRR) Is Increasing Its Dividend To CA$0.0065

Source Rock Royalties (CVE:SRR) Is Paying Out A Dividend Of CA$0.006

Mar 18
Source Rock Royalties (CVE:SRR) Is Paying Out A Dividend Of CA$0.006

Source Rock Royalties (CVE:SRR) Is Due To Pay A Dividend Of CA$0.0055

Sep 19
Source Rock Royalties (CVE:SRR) Is Due To Pay A Dividend Of CA$0.0055

Source Rock Royalties (CVE:SRR) Is Looking To Continue Growing Its Returns On Capital

Aug 16
Source Rock Royalties (CVE:SRR) Is Looking To Continue Growing Its Returns On Capital

We Think Source Rock Royalties' (CVE:SRR) Robust Earnings Are Conservative

Sep 06
We Think Source Rock Royalties' (CVE:SRR) Robust Earnings Are Conservative

Shareholder Returns

SRRCA Oil and GasCA Market
7D1.1%0.1%-1.2%
1Y3.5%20.2%10.5%

Return vs Industry: SRR underperformed the Canadian Oil and Gas industry which returned 20.2% over the past year.

Return vs Market: SRR underperformed the Canadian Market which returned 10.5% over the past year.

Price Volatility

Is SRR's price volatile compared to industry and market?
SRR volatility
SRR Average Weekly Movement3.0%
Oil and Gas Industry Average Movement6.4%
Market Average Movement8.8%
10% most volatile stocks in CA Market17.4%
10% least volatile stocks in CA Market2.9%

Stable Share Price: SRR has not had significant price volatility in the past 3 months.

Volatility Over Time: SRR's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2012n/aBrad Dochertywww.sourcerockroyalties.com

Source Rock Royalties Ltd. engages in the acquiring and managing of oil and gas royalties and mineral title interests. The company has an oil focused portfolio of royalty interests concentrated in S.E. Saskatchewan, central Alberta, and west-central Saskatchewan.

Source Rock Royalties Ltd. Fundamentals Summary

How do Source Rock Royalties's earnings and revenue compare to its market cap?
SRR fundamental statistics
Market capCA$40.26m
Earnings (TTM)CA$1.56m
Revenue (TTM)CA$6.99m

25.8x

P/E Ratio

5.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SRR income statement (TTM)
RevenueCA$6.99m
Cost of RevenueCA$0
Gross ProfitCA$6.99m
Other ExpensesCA$5.43m
EarningsCA$1.56m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.035
Gross Margin100.00%
Net Profit Margin22.33%
Debt/Equity Ratio0%

How did SRR perform over the long term?

See historical performance and comparison

Dividends

8.8%

Current Dividend Yield

191%

Payout Ratio

Does SRR pay a reliable dividends?

See SRR dividend history and benchmarks
When do you need to buy SRR by to receive an upcoming dividend?
Source Rock Royalties dividend dates
Ex Dividend DateMay 31 2024
Dividend Pay DateJun 14 2024
Days until Ex dividend1 day
Days until Dividend pay date13 days

Does SRR pay a reliable dividends?

See SRR dividend history and benchmarks
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