Is First Trust Energy AlphaDEX ETF a Strong ETF Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 04 2024
0mins
Source: Benzinga
Overview of First Trust Energy AlphaDEX ETF: The First Trust Energy AlphaDEX ETF (FXN), launched in 2007, is a smart beta ETF that aims to outperform traditional market cap weighted indices by selecting stocks based on specific fundamental characteristics. It focuses heavily on the energy sector and has an expense ratio of 0.62%.
Performance and Alternatives: FXN has shown a year-to-date gain of 1.68% but is down 4.04% over the past year, indicating high risk with a beta of 1.61. Investors may also consider alternatives like Vanguard Energy ETF (VDE) and Energy Select Sector SPDR ETF (XLE), which offer lower expense ratios and potentially less risk.
Analyst Views on MTDR
Wall Street analysts forecast MTDR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MTDR is 57.08 USD with a low forecast of 50.00 USD and a high forecast of 70.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
12 Buy
2 Hold
0 Sell
Strong Buy
Current: 43.150
Low
50.00
Averages
57.08
High
70.00
Current: 43.150
Low
50.00
Averages
57.08
High
70.00
About MTDR
Matador Resources Company is an independent energy company. The Company is engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. It operates through two segments: exploration and production and midstream. The exploration and production segment are engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States and is focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. The midstream segment conducts midstream operations in support of the Company’s exploration, development and production operations and provides natural gas processing, oil transportation services, oil, natural gas and produced water gathering services and produce water disposal services to third parties.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
