ARCA:UNL

Stock Analysis Report

United States 12 Month Natural Gas Fund

Executive Summary

United States 12 Month Natural Gas Fund, LP is an exchange traded fund launched and managed by United States Commodity Funds LLC.


Snowflake Analysis

Share Price & News

How has United States 12 Month Natural Gas Fund's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: UNL has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.9%

UNL

-1.5%

US Capital Markets

-1.1%

US Market


1 Year Return

-28.8%

UNL

15.4%

US Capital Markets

17.8%

US Market

Return vs Industry: UNL underperformed the US Capital Markets industry which returned 15.4% over the past year.

Return vs Market: UNL underperformed the US Market which returned 17.8% over the past year.


Shareholder returns

UNLIndustryMarket
7 Day0.9%-1.5%-1.1%
30 Day-0.7%1.0%1.5%
90 Day-13.0%3.9%6.6%
1 Year-28.8%-28.8%17.6%15.4%20.2%17.8%
3 Year-19.1%-19.1%37.5%29.8%47.5%38.1%
5 Year-40.2%-40.2%78.9%62.4%71.2%52.4%

Price Volatility Vs. Market

How volatile is United States 12 Month Natural Gas Fund's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is United States 12 Month Natural Gas Fund undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether United States 12 Month Natural Gas Fund is trading at an attractive price based on the cash flow it is expected to produce in the future. But as United States 12 Month Natural Gas Fund has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.

Future Growth

How is United States 12 Month Natural Gas Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.7%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as United States 12 Month Natural Gas Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has United States 12 Month Natural Gas Fund performed over the past 5 years?

17.3%

Historical Diversified Financials annual earnings growth


In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, United States 12 Month Natural Gas Fund has not provided sufficient past data to assess its track record.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data.

Financial Health

How is United States 12 Month Natural Gas Fund's financial position? (This company is analysed differently as a bank or financial institution)


In this section we usually analyse United States 12 Month Natural Gas Fund's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. United States 12 Month Natural Gas Fund has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.

Dividend

What is United States 12 Month Natural Gas Fund's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate UNL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate UNL's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if UNL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if UNL's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of UNL's dividend in 3 years as they are not forecast to pay a notable one for the US market.

Management

How experienced are the management team and are they aligned to shareholders interests?

9.9yrs

Average management tenure


CEO

United States 12 Month Natural Gas Fund has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Andrew Ngim
Portfolio Manager0yrsno datano data
John Love
Portfolio Manager9.9yrsno datano data
Howard Mah
CFO, Principal Accounting Officer14.8yrsno datano data
Ray Allen
Portfolio Manager4.8yrsno datano data

9.9yrs

Average Tenure

56yo

Average Age

Experienced Management: UNL's management team is seasoned and experienced (9.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Howard Mah
CFO, Principal Accounting Officer14.8yrsno datano data
Gordon Ellis
Independent Director of United States Commodity Funds LLC14.4yrsUS$264.00no data
Nicholas Gerber
Chairman0yrsno datano data
Peter Robinson
Independent Director of United States Commodity Funds LLC14.4yrsUS$264.00no data
Malcolm Fobes
Presiding Independent Director of United States Commodity Funds LLC14.4yrsUS$316.00no data

14.4yrs

Average Tenure

57yo

Average Age

Experienced Board: UNL's board of directors are seasoned and experienced ( 14.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

United States 12 Month Natural Gas Fund, LP's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: United States 12 Month Natural Gas Fund, LP
  • Ticker: UNL
  • Exchange: ARCA
  • Founded: 2007
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$0
  • Shares outstanding: 0
  • Website: https://www.uscfinvestments.com/unl

Location

  • United States 12 Month Natural Gas Fund, LP
  • 1320 Harbor Bay Parkway
  • Suite 145
  • Alameda
  • California
  • 94502
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
UNLARCA (NYSE Arca)YesUNIT BEN INTUSUSDNov 2009

Biography

United States 12 Month Natural Gas Fund, LP is an exchange traded fund launched and managed by United States Commodity Funds LLC. The fund invests in the commodity markets of the United States. It uses futures contracts to invest in natural gas, crude oil, heating oil, gasoline and other petroleum-based fuels. The fund seeks to track the daily changes in the spot price of natural gas delivered at the Henry Hub, Louisiana, as measured by the changes in the average of the prices of 12 futures contracts on natural gas traded on the NYMEX, consisting of the near month contract to expire and the contracts for the following 11 months, for a total of 12 consecutive months’ contracts, except when the near month contract is within two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire and the contracts for the following 11 consecutive months. United States 12 Month Natural Gas Fund, LP was formed on June 27, 2007 and is domiciled in the United States. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/24 00:27
End of Day Share Price2020/02/21 00:00
EarningsN/A
Annual EarningsN/A


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.