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Sum Up The Parts: FRAK Could Be Worth $21

Mon, Mar 20, 9:44 AM ET, by ETF Channel

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Unconventional Oil & Gas ETF (FRAK), we found that the implied analyst target price for the ETF based upon its underlying holdings is $20.65 per unit.

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10
ETFs With Most Upside To Analyst Targets

With FRAK trading at a recent price near $16.18 per unit, that means that analysts see 27.65% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of FRAK's underlying holdings with notable upside to their analyst target prices are SM Energy Co. (SM), Gulfport Energy Corp. (GPOR), and WPX Energy, Inc. (WPX). Although SM has traded at a recent price of $21.27/share, the average analyst target is 102.44% higher at $43.06/share. Similarly, GPOR has 91.00% upside from the recent share price of $16.59 if the average analyst target price of $31.69/share is reached, and analysts on average are expecting WPX to reach a target price of $17.88/share, which is 43.57% above the recent price of $12.45. Below is a twelve month price history chart comparing the stock performance of SM, GPOR, and WPX:

SM, GPOR, and WPX Relative Performance Chart

Below is a summary table of the current analyst target prices discussed above:

Name Symbol Recent Price Avg. Analyst 12-Mo. Target % Upside to Target
Unconventional Oil & Gas ETF FRAK $16.18 $20.65 27.65%
SM Energy Co. SM $21.27 $43.06 102.44%
Gulfport Energy Corp. GPOR $16.59 $31.69 91.00%
WPX Energy, Inc. WPX $12.45 $17.88 43.57%

Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.

The average analyst target price data upon which this article was based, is courtesy of data provided by Zacks Investment Research via Quandl.com.
Get the latest Zacks research report on SM FREE
Get the latest Zacks research report on GPOR FREE
Get the latest Zacks research report on WPX FREE

Read the original article at ETF Channel: Sum Up The Parts: FRAK Could Be Worth $21


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This Article's Word Cloud:   Below   Corp   ETFs   Energy   FRAK   FREEGet   GPOR   Gulfport   Target   Unconventional   Zacks   about   adsbygoogle   analyst   analysts   average   background   based   border   bottom   color   data   font   from   have   hctblstyle   holdings   implied   latest   month   padding   price   prices   recent   report   research   share   solid   stock   target   targets   that   these   this   trading   underlying   unit   upon   upside   which

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