Altex Industries, Inc. (ALTX)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Altex Industries, Inc. (ALTX) trades at $0.22 with AI Score 46/100 (Grade C). Altex Industries, Inc. (ALTX) is an oil and gas exploration company focused on onshore properties in Utah and Wyoming. Market cap: $2.46M, Sector: Energy.
Price live · AI analysis from Jun 15, 2026Analyst Coverage for ALTX: ALTX does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates ALTX against Energy peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
ALTX: the 1 perspectives are evenly split.
How is this calculated? →Altex Industries, Inc. (ALTX) Energy Operations & Outlook
Altex Industries, Inc. (ALTX) engages in the exploration and production of oil and gas, focusing on productive onshore properties in the United States, particularly in Utah and Wyoming, with a strategic emphasis on maximizing its limited reserves.
What Is the Investment Thesis for ALTX?
Altex Industries, Inc. presents a unique investment thesis centered around its modest reserve holdings and niche market focus. With only 1,000 barrels of proved oil reserves, the company operates in a highly competitive environment, yet its low beta of 0.23 indicates lower volatility relative to the market. The lack of a dividend yield suggests a reinvestment strategy focused on exploration and production growth. Key value drivers include potential increases in oil prices, which could enhance the profitability of its reserves. Additionally, the company's operational efficiency, as evidenced by an 80% gross margin, positions it favorably against larger competitors. However, the significant negative profit margin of -605% highlights ongoing financial challenges that need to be addressed for sustainable growth. Investors should closely monitor Altex's financial disclosures and any developments regarding its compliance with OTC listing requirements, as these will be critical in assessing the company's long-term viability.
Based on FMP financials and quantitative analysis
ALTX Key Highlights
- Market Cap: $0.00B, indicating a micro-cap status with limited market presence.
- Profit Margin: -605.0%, reflecting ongoing financial challenges.
- Gross Margin: 80.0%, showcasing potential operational efficiency.
- Beta: 0.23, suggesting lower volatility compared to the broader market.
- Dividend Yield: None, indicating no current returns to shareholders.
Who Are ALTX's Competitors?
ALTX is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| XOM Exxon Mobil Corporation | $136.84 | -0.19% | $567.17B | 68 |
| CVX Chevron Corporation | $168.10 | -0.65% | 335B | 61 |
| OXY Occidental Petroleum Corporation | $48.81 | -0.20% | 49B | 59 |
| EXE Expand Energy Corporation | $89.09 | -1.80% | $21.31B | 72 |
| VIST Vista Energy, S.A.B. de C.V. | $61.57 | +2.00% | $6.42B | 68 |
| ATUUF Tenaz Energy Corp. | $31.44 | -2.60% | $1.03B | 68 |
| CNX CNX Resources Corporation | $33.22 | -1.83% | $4.70B | 67 |
| CRC California Resources Corporation | $50.22 | -2.03% | $4.46B | 58 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are ALTX's Key Strengths?
- High gross margin of 80%, indicating operational efficiency.
- Long-standing industry presence since 1985.
- Focused on a niche market with potential growth opportunities.
What Are ALTX's Weaknesses?
- Negative profit margin of -605%, indicating financial instability.
- Limited operational scale with only one employee.
- Dependence on oil price fluctuations for revenue.
What Could Drive ALTX Stock Higher?
- Potential partnerships with larger energy firms to enhance production capabilities.
- Monitoring oil price fluctuations that could impact profitability.
- Exploration of advanced extraction technologies to improve production efficiency.
What Are the Key Risks for ALTX?
- Financial-distress signal — its Altman Z-Score of -4.89 sits in the distress zone (elevated bankruptcy risk).
- Negative return on equity (-9.1%) — the business is not currently generating profit on shareholder capital.
- Weak fundamentals — a Piotroski F-Score of 3/9 flags soft profitability, leverage or efficiency.
- Regulatory changes impacting the oil and gas sector.
- Dependence on volatile oil prices for revenue generation.
- Competition from larger, more established oil and gas companies.
What Are the Growth Opportunities for ALTX?
- Growth opportunity 1: Altex Industries can explore partnerships with larger energy firms to leverage their resources and expertise in oil extraction. This could enhance operational efficiency and lead to increased production output. The U.S. oil market is projected to grow at a CAGR of 3.1% through 2028, presenting a favorable environment for strategic collaborations.
- Growth opportunity 2: The company could invest in advanced extraction technologies to improve recovery rates from its existing reserves. Innovations in hydraulic fracturing and horizontal drilling could significantly enhance production efficiency. The global oil extraction technology market is expected to reach $9.5 billion by 2025, indicating substantial potential for growth.
- Growth opportunity 3: Altex may consider diversifying its portfolio by exploring renewable energy investments. As the energy transition accelerates, integrating renewable sources could mitigate risks associated with fossil fuel dependency. The global renewable energy market is projected to grow at a CAGR of 8.4% through 2030, offering substantial opportunities for diversification.
- Growth opportunity 4: The company could enhance its marketing and sales strategies to better position itself within the local markets of Utah and Wyoming. By building strong relationships with local stakeholders and emphasizing its commitment to sustainable practices, Altex could capture a larger market share in these regions.
- Growth opportunity 5: Altex can explore government incentives and grants aimed at supporting small oil and gas companies. By capitalizing on available funding, the company could finance exploration projects without incurring significant debt, thereby improving its financial stability.
What Opportunities Does ALTX Have?
- Potential partnerships with larger energy companies.
- Investments in advanced extraction technologies.
- Exploration of renewable energy investments.
What Threats Does ALTX Face?
- Volatility in oil prices impacting profitability.
- Regulatory changes affecting the oil and gas industry.
- Intense competition from larger, established players.
What Are ALTX's Competitive Advantages?
- Niche market focus on local onshore properties.
- Long-standing presence in the industry since 1985.
- Potential for operational efficiency with a high gross margin.
What Does ALTX Do?
Altex Industries, Inc. was incorporated in 1985 and is headquartered in Denver, Colorado. The company operates through its subsidiary, Altex Oil Corporation, which owns interests in productive onshore oil and gas properties primarily located in Utah and Wyoming. As of September 30, 2021, Altex reported having 1,000 barrels of proved and developed oil reserves, indicating a focused approach to its exploration and production activities. Despite its small scale, with only one employee, Altex is positioned within a niche market that could potentially benefit from fluctuations in oil prices and demand for domestic oil production. The company’s long-standing presence in the industry suggests a foundational understanding of the operational challenges and opportunities inherent in oil and gas exploration. Altex's operational strategy appears to center around optimizing its existing reserves while navigating the complexities of the energy sector, which is subject to regulatory scrutiny and market volatility. As a small-cap player in the oil and gas space, Altex must contend with larger competitors while leveraging its localized expertise and operational agility to carve out a sustainable business model.
What Products and Services Does ALTX Offer?
- Owns interests in onshore oil and gas properties in Utah and Wyoming.
- Operates through its subsidiary, Altex Oil Corporation.
- Focuses on the exploration and production of oil.
- Holds 1,000 barrels of proved and developed oil reserves.
- Engages in activities related to oil extraction and production.
How Does ALTX Make Money?
- Generates revenue through the sale of extracted oil and gas.
- Focuses on optimizing production from existing reserves.
- May explore partnerships to enhance operational capabilities.
- Seeks to minimize operational costs to improve profit margins.
What Industry Does ALTX Operate In?
The oil and gas exploration and production industry is characterized by significant volatility, driven by fluctuating commodity prices, geopolitical factors, and regulatory changes. The market is moving towards a focus on sustainable practices, with increasing pressure on traditional fossil fuel companies to adapt. Altex Industries, Inc. operates in a niche segment of this industry, focusing on onshore properties in the U.S., which may offer resilience against international market fluctuations. However, competition remains fierce, with larger players dominating the landscape, necessitating a strategic approach to leverage its limited resources effectively.
Who Are ALTX's Key Customers?
- Local refineries that require crude oil for processing.
- Energy companies looking to source domestic oil.
- Potential partners in joint ventures for exploration.
Altex Industries, Inc. (ALTX) Valuation Context
Valued at $2.46M, ALTX is classified as a micro-cap stock. Relative to its peer group, ALTX's quantitative score of 46/100 is below the peer average of 66/100.
ALTX Revenue & Earnings Trend
In Q1 2026, ALTX generated $4K in top-line revenue, marking a sequential decrease of 42.9%. The company recorded a net loss of $47K, with diluted EPS of $-0.00. Quarter-over-quarter revenue has been mixed, typical for a micro-cap company operating in Energy. Across the four most recent quarters, ALTX averaged $-0.00 in diluted EPS.
Company Profile
Altex Industries, Inc. operates in the Oil & Gas Exploration & Production industry within the Energy sector. It is headquartered in Denver, US. The company is led by CEO Durwill Dennis. ALTX has traded publicly since 1994.
ROE -9%Key Financial Metrics
Return on equity for Altex Industries, Inc. stands at -9.1%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -4.6%, showing how much profit it generates from its asset base. Its free cash flow yield is -4.5%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.96 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -4.7%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 3/9Financial Health
Altex Industries, Inc.'s Piotroski F-Score is 3/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of -4.89 places it in the distress zone, a signal of elevated financial risk.
ALTX Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in ALTX's future growth prospects, indicating that executives believe in the company's direction.
- Community sentiment has turned increasingly positive, with discussions highlighting the company's innovative products and their potential market impact.
- Analysts have noted improvements in operational efficiency, which could enhance profitability and drive investor interest.
- The recent expansion into new markets has sparked excitement among investors, showcasing ALTX's commitment to growth and diversification.
Bear Case
- Concerns around supply chain disruptions have surfaced, raising questions about ALTX's ability to meet demand and maintain production schedules.
- Social sentiment includes skepticism regarding the company's competitive positioning, with some investors questioning its ability to differentiate from rivals.
- Recent regulatory scrutiny in the industry has led to uncertainty, causing some investors to reassess their positions on ALTX.
- Market perception has been affected by broader economic concerns, leading to caution among investors regarding potential volatility in the near term.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $4,000 | -$47,000 | -$0.0042 |
| Q4 2025 | $7,000 | -$30,000 | -$0.0027 |
| Q3 2025 | $4,000 | -$32,000 | -$0.0029 |
| Q2 2025 | $5,000 | -$12,000 | -$0.0011 |
Based on FMP financials and quantitative analysis
ALTX Latest News
No recent news available for ALTX.
ALTX Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for ALTX.
Price Targets
Wall Street price target analysis for ALTX.
ALTX MoonshotScore
What does this score mean?
The MoonshotScore rates ALTX's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Durwill Dennis
CEO
Durwill Dennis has been leading Altex Industries, Inc. since its inception in 1985. With a background in energy management and operations, he has guided the company through various market cycles. His experience in the oil and gas sector has been instrumental in navigating the complexities of exploration and production.
Track Record: Under Durwill Dennis's leadership, Altex has maintained its focus on optimizing its limited reserves and has explored opportunities for strategic partnerships. His tenure has been marked by a commitment to operational efficiency and sustainability.
ALTX OTC Market Information
The OTC Other tier refers to stocks that do not meet the requirements for higher tiers such as OTCQX or OTCQB. These stocks often have less stringent reporting requirements, resulting in limited transparency and regulatory oversight compared to NYSE or NASDAQ-listed companies.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited regulatory oversight compared to higher-tier exchanges.
- Potential for low liquidity, making it challenging to enter or exit positions.
- Increased volatility due to smaller market capitalization.
- Verify the company's financial statements and disclosures.
- Assess the operational performance and reserve estimates.
- Research the competitive landscape and market positioning.
- Monitor regulatory compliance and listing requirements.
- Evaluate management's track record and strategic vision.
- Established presence in the industry since 1985.
- Ownership of proved oil reserves indicating operational capability.
- Transparency in reporting and disclosures, if available.
Altex Industries, Inc. Energy Stock: Key Questions Answered
What does Altex Industries, Inc. do?
Altex Industries, Inc. focuses on the exploration and production of oil and gas through its subsidiary, Altex Oil Corporation. The company owns interests in productive onshore oil and gas properties located in Utah and Wyoming, with a reported 1,000 barrels of proved and developed oil reserves. Altex aims to optimize its existing reserves while navigating the complexities of the energy sector.
What are the main risks for ALTX?
Altex Industries, Inc. faces several risks, including dependence on volatile oil prices, which can significantly impact revenue and profitability. Additionally, regulatory changes in the oil and gas sector may introduce compliance challenges. The company also competes with larger players that have more resources and market influence, which could hinder its growth potential.
How does Altex Industries, Inc. manage its operational challenges?
Altex Industries, Inc. focuses on optimizing its existing oil and gas reserves to manage operational challenges effectively. This includes leveraging its high gross margin of 80% to maintain operational efficiency. The company may also explore strategic partnerships to enhance its capabilities and navigate the competitive landscape more effectively.
What are the key factors to evaluate for ALTX?
Altex Industries, Inc. (ALTX) holds an AI score of 46/100 (low). Not financial advice.
How frequently does ALTX data refresh on this page?
ALTX prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven ALTX's recent stock price performance?
Altex Industries, Inc. (ALTX) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: High gross margin of 80%, indicating operational efficiency. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider ALTX overvalued or undervalued right now?
Valuing Altex Industries, Inc. (ALTX) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying ALTX?
Before investing in Altex Industries, Inc. (ALTX), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Limited financial disclosures available due to OTC classification.