Analysts Project Strong Upside for FT Energy Income ETF and Its Key Holdings
In our recent analysis of ETFs at ETF Channel, we examined how the trading prices of underlying stocks compare to analysts’ 12-month target prices. Our findings for the FT Energy Income Partners Enhanced Income ETF (Symbol: EIPI) indicate a projected target price of $22.10 per share based on these assessments.
Currently, EIPI is trading at around $20.14 per unit, suggesting an expected upside of 9.74% according to analyst estimates. Several components of EIPI exhibit significant potential for growth. Notably, Plains All American Pipeline LP (Symbol: PAA), National Fuel Gas Co. (Symbol: NFG), and Hess Midstream LP (Symbol: HESM) stand out with their respective target prices. While PAA recently trades at $17.89 per share, it has a target price that is 13.76% higher at $20.35. Similarly, NFG shows a potential upside of 10.34% from its current price of $61.63, with an analyst target of $68.00. HESM is expected to see an upside of 9.78%, moving from its current price of $35.98 to a target of $39.50. The chart below illustrates the 12-month price trends for these companies:
The table below summarizes the target prices for the discussed stocks:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| FT Energy Income Partners Enhanced Income ETF | EIPI | $20.14 | $22.10 | 9.74% |
| Plains All American Pipeline LP | PAA | $17.89 | $20.35 | 13.76% |
| National Fuel Gas Co. | NFG | $61.63 | $68.00 | 10.34% |
| Hess Midstream LP | HESM | $35.98 | $39.50 | 9.78% |
As we evaluate these projections, the critical question arises: are analysts being realistic with these targets, or do they reflect an overly optimistic viewpoint on future stock prices? It’s essential for investors to investigate whether the analysis aligns with current market trends and corporate developments. While higher price targets may suggest optimism, they can sometimes indicate a disconnect with the latest market conditions. Such insights necessitate further research by potential investors.
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Also see:
• Louis Bacon Stock Picks
• HTIBP Historical Stock Prices
• Top Ten Hedge Funds Holding GLF
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
