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. From this, we computed the weighted average implied analyst target price for the ETF itself.
For the **Fidelity MSCI Energy Index ETF (Symbol: FENY)**, we found that the implied analyst target price based on its underlying holdings is $28.20 per unit. With FENY trading at a recent price near $24.00 per unit, this suggests that analysts see a **17.49% upside** for this ETF when looking through to the average analyst targets of the underlying holdings.
Among FENY’s underlying holdings, three stocks stand out with notable upside potential to their analyst target prices: **Northern Oil & Gas Inc (Symbol: NOG)**, **Kinetik Holdings Inc (Symbol: KNTK)**, and **Cactus Inc (Symbol: WHD)**.
– **Northern Oil & Gas Inc (NOG)** has recently traded at $21.72 per share, while the average analyst target price is $33.00 per share. This implies a significant upside of **51.93%**.
– **Kinetik Holdings Inc (KNTK)** shows an upside of **40.43%**, with analysts targeting $51.45 per share compared to the recent price of $36.64.
– **Cactus Inc (WHD)** is expected to reach a target price of $48.28 per share, which is **36.94%** above its recent trading price of $35.26.
Below is a summary table of the current analyst target prices for these securities:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|——————————-|——–|————–|—————————-|——————–|
| Fidelity MSCI Energy Index ETF | FENY | $24.00 | $28.20 | 17.49% |
| Northern Oil & Gas Inc | NOG | $21.72 | $33.00 | 51.93% |
| Kinetik Holdings Inc | KNTK | $36.64 | $51.45 | 40.43% |
| Cactus Inc | WHD | $35.26 | $48.28 | 36.94% |
Are analysts justified in these targets, or are they overly optimistic about where these stocks will be trading 12 months from now? Do they have valid justifications for their forecasts, or might they be behind the curve on recent company and industry developments?
A high price target relative to a stock’s current trading price can reflect genuine optimism about the future. However, it can also indicate that target price downgrades may be coming if these targets are based on outdated expectations. These are important questions that require further research by investors.
—
**Related Resources:**
– [10 ETFs With Most Upside To Analyst Targets »](#)
– Institutional Holders of EGGY
– NE Split History
– SGII Split History
*The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.*
https://www.nasdaq.com/articles/we-did-math-feny-can-go-28-0