ProShares Ultra Bloomberg Natural Gas

Based on the provided analysis, BOIL presents an exceptionally high-risk profile that is unsuitable for the vast majority of investors.

Technical Outlook: The recent minor rebound does not offset the catastrophic long-term downtrend. Trading near 52-week lows in an extremely volatile and leveraged instrument signals a high probability of continued severe losses rather than a sustainable recovery.

Fundamental & Valuation Concerns: The complete absence of fundamental financial data and any applicable valuation metrics prevents an assessment of the underlying company's health or fair value, rendering it a purely speculative gamble.

Risk Assessment: The extreme Beta of 5.56 and a maximum drawdown of over -85% highlight an instrument that can wipe out capital with stunning speed. Its structure as a leveraged commodity ETF introduces complexities and decay risks beyond typical stock investing.

Recommendation: STRONG SELL. BOIL is not a stock to buy but a highly specialized, dangerous trading instrument. Its extreme volatility, lack of fundamental support, and catastrophic performance history make it appropriate only for professional traders with a high-risk tolerance who understand the mechanics of leveraged commodity ETFs. Most investors should avoid it entirely. *This is not investment advice, for reference only.*

RockFlow Model Forecast: Three Scenarios for 2026

Based on the provided analysis, the 12-month outlook for BOIL is extremely bearish with exceptionally high risk.

Key Catalysts: There are no identifiable positive catalysts for a sustained recovery. Any potential for gain relies purely on short-term, unpredictable spikes in natural gas prices, which BOIL's leveraged structure is designed to magnify in both directions.

Potential Risks: The primary risks are existential, including the high probability of continued severe capital erosion due to volatility decay, extreme price volatility (Beta of 5.56), and the instrument's catastrophic historical performance, with a maximum drawdown exceeding -85%.

Target Price Range: Due to the absence of fundamental valuation metrics and its nature as a decay-prone leveraged ETF, no rational 12-month price target can be established. The overwhelming recommendation is a STRONG SELL, as the instrument is unsuitable for nearly all investors and carries a substantial risk of total capital loss.

Wall Street Consensus

Most Wall Street analysts are optimistic about ProShares Ultra Bloomberg Natural Gas's 12-month outlook, with consensus target around $17.28, indicating expected upside potential.

Overall, BOIL has investment potential but also faces challenges. Here are key factors to weigh before investing.

BOIL has experienced catastrophic declines over the past year, characterized by extreme volatility and significant underperformance versus the broader market. The stock's performance reflects the highly speculative and leveraged nature of this instrument in the natural gas sector.

In the short term, BOIL shows a modest 1-month rebound of 5.54%, though this is overshadowed by a devastating 51.17% collapse over three months. Crucially, its relative strength figure of -51.73% confirms it has dramatically underperformed the market benchmark during this period.

The current price trades near the absolute bottom of its 52-week range, just 14% above the $15.20 low and 84% below the $109.77 high. While this deep decline suggests an oversold condition, the extreme beta of 5.56 and maximum drawdown of -85.06% underscore the exceptionally high risk profile inherent to this security.

Based on the information provided, a fundamental analysis cannot be conducted for BOIL. The company's most recent quarterly report and essential financial ratios are unavailable, which are critical for any meaningful assessment.

Without access to key financial statements, it is impossible to evaluate the company's financial health, including its debt structure or cash flow situation.

Similarly, a lack of operational data prevents any analysis of profitability, return on equity, or asset utilization efficiency. Investors should seek verified financial disclosures before considering this security.

Based on the limited data provided, BOIL's valuation cannot be meaningfully assessed using traditional valuation multiples. All key metrics, including TTM and forward PE ratios, are not applicable, suggesting the underlying fundamentals may not support a standard valuation framework. This situation typically indicates that the company is either not profitable or its earnings are exceptionally volatile.

A peer comparison cannot be conducted due to the absence of applicable valuation multiples for BOIL and the unavailability of industry average data. Without this context, it is impossible to determine BOIL's relative standing within its sector or to make any comparative valuation judgment. The lack of comparative benchmarks further complicates the task of forming a conclusive valuation opinion on the stock.

BOIL exhibits extreme volatility risk, evidenced by a Beta of 5.56, indicating it is over five times more volatile than the broader market. This substantial risk is further highlighted by a devastating one-year maximum drawdown of -85.06%, demonstrating the potential for severe and rapid capital erosion.

While the absence of notable short interest suggests a lack of concentrated bearish sentiment, this does not mitigate the instrument's profound dangers. The extreme volatility, combined with the inherent complexities and leverage typical of such commodities-based ETFs, contributes to significant liquidity and tracking risks, making it unsuitable for most investors.