Is First Trust Energy AlphaDEX ETF (FXN) a Strong ETF Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 04 2024
0mins
Source: NASDAQ.COM
Overview of First Trust Energy AlphaDEX ETF (FXN): Launched in 2007, FXN is a smart beta ETF focusing on the energy sector, aiming to outperform traditional market cap weighted indices through its modified equal-dollar weighted StrataQuant Energy Index. It has over $478 million in assets and an expense ratio of 0.62%.
Performance and Comparison: FXN has gained 1.68% this year but is down 4.04% over the past year, with a higher risk profile indicated by a beta of 1.61. Investors may also consider lower-cost alternatives like Vanguard Energy ETF (VDE) and Energy Select Sector SPDR ETF (XLE), which have significantly larger asset bases and lower expense ratios.
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.
