Altex Industries, Inc. (ALTX)
For informational purposes only. Not financial advice. Analysis by Sedat Aydin, 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) with AI Score 46/100 (Weak). Altex Industries, Inc. is an oil and gas exploration and production company focused on onshore properties in Utah and Wyoming. The company possesses interests in productive oil and gas properties. Market cap: 0, Sector: Energy.
Last analyzed: Mar 17, 2026Altex Industries, Inc. (ALTX) Energy Operations & Outlook
Altex Industries, Inc. is a micro-cap oil and gas company with onshore assets in Utah and Wyoming, operating in a volatile commodity market with a focus on extracting from existing reserves. The company faces challenges related to profitability and market competition.
Investment Thesis
Investing in Altex Industries, Inc. presents a high-risk, high-reward scenario. The company's small market capitalization and limited asset base make it susceptible to commodity price volatility. A potential upside exists if Altex can successfully expand its production or acquire additional reserves, capitalizing on favorable energy market conditions. The company's negative P/E ratio of -25.33 and negative profit margin of -530.0% raise concerns about its financial sustainability. Investors should closely monitor oil and gas prices, production costs, and any potential acquisitions or partnerships that could improve Altex's financial position. The company's low beta of 0.20 suggests lower volatility compared to the broader market, but this may not fully reflect the inherent risks of investing in a micro-cap oil and gas producer.
Based on FMP financials and quantitative analysis
Key Highlights
- Market capitalization of $0.00B indicates a micro-cap company with limited resources.
- P/E ratio of -25.33 reflects negative earnings, suggesting the company is currently unprofitable.
- Gross margin of 80.0% indicates efficient extraction and production processes before considering overhead and operating expenses.
- Profit margin of -530.0% reveals significant operational challenges and high expenses relative to revenue.
- Beta of 0.20 suggests lower volatility compared to the overall market, but may not fully capture the risks of a micro-cap oil and gas company.
Competitors & Peers
Strengths
- Ownership of oil and gas properties in established regions.
- Gross margin of 80% suggests efficient extraction processes.
- Low beta indicates lower volatility compared to the market.
- Experienced in onshore oil and gas operations.
Weaknesses
- Small market capitalization limits access to capital.
- Negative P/E ratio and profit margin indicate financial challenges.
- Limited reserves compared to larger competitors.
- Dependence on volatile commodity prices.
Catalysts
- Upcoming: Potential increase in oil prices could improve profitability.
- Ongoing: Efforts to expand production from existing properties.
- Ongoing: Pursuit of strategic acquisitions of new assets.
Risks
- Potential: Fluctuations in oil and gas prices could negatively impact revenue.
- Ongoing: Increasing environmental regulations could increase operating costs.
- Ongoing: Competition from larger companies with greater resources.
- Potential: Shift towards renewable energy sources could reduce demand for oil and gas.
Growth Opportunities
- Expansion of Existing Operations: Altex can focus on increasing production from its existing oil and gas properties in Utah and Wyoming. By implementing enhanced oil recovery techniques and optimizing drilling strategies, the company could potentially boost its output. This organic growth strategy would require capital investment but could lead to higher revenue and improved profitability if executed effectively. The timeline for seeing results from these efforts would likely be within the next 1-3 years.
- Acquisition of New Properties: Altex could pursue strategic acquisitions of additional oil and gas properties in its target regions. This would expand its asset base and potentially increase its production capacity. Identifying undervalued assets and securing financing for acquisitions would be critical for success. The timeline for completing acquisitions can vary widely depending on market conditions and the availability of suitable targets, but typically ranges from 6 months to 2 years.
- Strategic Partnerships: Altex could form partnerships with other oil and gas companies to share resources, expertise, and infrastructure. This could lower operating costs and improve efficiency. Collaborating on exploration and production projects could also reduce risk and increase the chances of success. The timeline for establishing and implementing strategic partnerships can range from several months to a year.
- Technological Innovation: Investing in new technologies, such as advanced drilling techniques and data analytics, could help Altex improve its operational efficiency and reduce costs. Implementing these technologies could lead to higher production rates and lower environmental impact. The timeline for realizing the benefits of technological innovation can vary depending on the specific technologies adopted, but typically ranges from 1 to 3 years.
- Capitalizing on Rising Oil Prices: With potential shifts in global energy demand and supply, Altex could benefit from rising oil prices. Higher prices would increase the profitability of its existing production and make new projects more economically viable. However, this opportunity is dependent on external factors and market volatility. The timeline for realizing the benefits of rising oil prices is uncertain and depends on global economic and geopolitical events.
Opportunities
- Expansion of existing production through enhanced recovery techniques.
- Acquisition of additional oil and gas properties.
- Strategic partnerships to share resources and expertise.
- Technological innovation to improve efficiency and reduce costs.
Threats
- Fluctuations in oil and gas prices.
- Increasing environmental regulations.
- Competition from larger, more established companies.
- Shift towards renewable energy sources.
Competitive Advantages
- Established presence in specific geographic regions (Utah and Wyoming).
- Ownership of existing oil and gas reserves.
- Experience in operating onshore oil and gas properties.
About ALTX
Altex Industries, Inc., operating through its subsidiary Altex Oil Corporation, is an oil and gas exploration and production company. Incorporated in 1985 and based in Denver, Colorado, the company focuses on acquiring and developing interests in onshore oil and gas properties. Altex's operations are primarily concentrated in Utah and Wyoming. As of September 30, 2021, Altex reported having 1,000 barrels of proved and developed oil reserves. The company's business model centers on extracting and selling oil and gas from these properties. Altex navigates the competitive landscape of the energy sector, contending with both major integrated oil companies and smaller independent producers. The company's financial performance is directly tied to commodity prices and its ability to efficiently manage its production costs. The company's small size and limited reserves present both opportunities and challenges in a capital-intensive industry.
What They Do
- Owns interests in onshore oil and gas properties.
- Focuses on properties located in Utah and Wyoming.
- Extracts and sells oil and gas.
- Manages and operates its oil and gas assets.
- Seeks to acquire and develop new oil and gas properties.
Business Model
- Generates revenue through the sale of extracted oil and gas.
- Acquires and develops oil and gas properties.
- Manages production costs to maximize profitability.
Industry Context
Altex Industries operates within the oil and gas exploration and production industry, a sector characterized by cyclical commodity prices and intense competition. The industry is influenced by global supply and demand dynamics, geopolitical events, and technological advancements. Companies like Altex face competition from larger, integrated oil companies as well as smaller independent producers. The shift towards renewable energy sources and increasing environmental regulations pose ongoing challenges for the industry. Altex, with its small scale and limited reserves, must navigate these challenges while striving to improve its operational efficiency and profitability.
Key Customers
- Refineries that process crude oil.
- Wholesale distributors of oil and gas products.
- End-users of oil and gas products (indirectly).
Financials
Chart & Info
Altex Industries, Inc. (ALTX) stock price: Price data unavailable
Latest News
-
Head-To-Head Survey: Altex Industries (OTCMKTS:ALTX) & CNX Resources (NYSE:CNX)
defenseworld.net · Mar 21, 2026
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.
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
Details regarding Durwill Dennis's background are not available in the provided data. Without further information, it is impossible to provide a comprehensive biography including career history, education, and previous roles. Further research would be required to ascertain his qualifications and experience prior to his role as CEO of Altex Industries, Inc.
Track Record: Information about Durwill Dennis's track record as CEO of Altex Industries, Inc. is not available in the provided data. Key achievements, strategic decisions, and company milestones under his leadership cannot be assessed without additional information. Further research is needed to evaluate his performance and impact on the company.
ALTX OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Altex Industries, Inc. may not meet the minimum financial standards or reporting requirements of higher tiers like OTCQX or OTCQB. Companies in this tier may have limited information available to investors and are often subject to greater risks compared to companies listed on major exchanges like the NYSE or NASDAQ. Investing in OTC Other companies requires a higher degree of due diligence and risk tolerance due to the potential for limited liquidity and transparency.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited financial disclosure increases the risk of investing in ALTX.
- Low trading volume and wide bid-ask spreads can lead to price volatility.
- Potential for fraud or manipulation is higher on the OTC Other tier.
- Lack of regulatory oversight compared to major exchanges.
- Company may not meet minimum financial standards.
- Verify the company's legal standing and registration.
- Obtain and review all available financial statements.
- Assess the company's management team and their experience.
- Research the company's industry and competitive landscape.
- Understand the company's business model and revenue streams.
- Evaluate the company's risk factors and potential liabilities.
- Consult with a financial advisor before investing.
- Company has been in operation since 1985.
- Owns interests in oil and gas properties.
- Operates through a subsidiary, Altex Oil Corporation.
- Based in Denver, Colorado.
Altex Industries, Inc. Stock: Key Questions Answered
What does Altex Industries, Inc. do?
Altex Industries, Inc., through its subsidiary Altex Oil Corporation, is engaged in the acquisition, development, and production of oil and gas properties. The company's primary focus is on onshore assets located in Utah and Wyoming. Altex generates revenue by extracting and selling oil and gas from these properties. As a small independent operator, Altex competes with larger companies in the energy sector and is subject to the volatility of commodity prices and the regulatory environment.
What do analysts say about ALTX stock?
There is no available analyst coverage for Altex Industries, Inc. (ALTX). Given the company's micro-cap status and OTC listing, it is unlikely that major brokerage firms provide research reports or price targets. Investors should conduct their own due diligence and rely on publicly available information to assess the company's prospects and risks. Key metrics to consider include production levels, operating costs, and commodity prices.
What are the main risks for ALTX?
Altex Industries, Inc. faces several significant risks, including commodity price volatility, regulatory changes, and competition from larger companies. The company's small size and limited reserves make it particularly vulnerable to fluctuations in oil and gas prices. Increasing environmental regulations could increase operating costs and limit future development opportunities. Furthermore, Altex's reliance on a small number of properties increases its operational risk. The company's OTC listing also presents liquidity and transparency concerns.
What are the key factors to evaluate for ALTX?
Altex Industries, Inc. (ALTX) currently holds an AI score of 46/100, indicating low score. Key strength: Ownership of oil and gas properties in established regions.. Primary risk to monitor: Potential: Fluctuations in oil and gas prices could negatively impact revenue.. This is not financial advice.
How frequently does ALTX data refresh on this page?
ALTX prices update in real time during U.S. market hours (9:30 AM-4:00 PM ET, weekdays). Fundamentals refresh after quarterly or annual filings. Analyst ratings and AI insights update daily. News is aggregated continuously from financial sources.
What has driven ALTX's recent stock price performance?
Recent price movement in Altex Industries, Inc. (ALTX) can be influenced by earnings results, analyst revisions, sector rotation, and broader market sentiment. Notable catalyst: Ownership of oil and gas properties in established regions.. Check the News and Technical Analysis tabs for the latest drivers. Past performance does not predict future results.
Should investors consider ALTX overvalued or undervalued right now?
Determining whether Altex Industries, Inc. (ALTX) is overvalued or undervalued requires examining multiple metrics. Compare valuation ratios (P/E, P/S, EV/EBITDA) against sector peers for a comprehensive 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 information available for Altex Industries, Inc.
- OTC market investments are speculative and carry substantial risk.