Shares of Ferrellgas Partners, L.P. (NYSE:FGP) have earned a consensus recommendation of “Sell” from the seven research firms that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $5.33.
Several equities analysts have weighed in on FGP shares. Zacks Investment Research raised Ferrellgas Partners from a “hold” rating to a “buy” rating and set a $5.75 price objective for the company in a report on Monday, October 9th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $6.00 price objective on shares of Ferrellgas Partners in a report on Monday, October 30th. BidaskClub raised Ferrellgas Partners from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Finally, Raymond James Financial reaffirmed a “sell” rating on shares of Ferrellgas Partners in a report on Thursday.
In other Ferrellgas Partners news, VP Trenton D. Hampton purchased 6,000 shares of the firm’s stock in a transaction dated Monday, October 16th. The shares were bought at an average price of $4.98 per share, for a total transaction of $29,880.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.48% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of FGP. GSA Capital Partners LLP increased its stake in shares of Ferrellgas Partners by 86.3% in the 3rd quarter. GSA Capital Partners LLP now owns 315,391 shares of the oil and gas company’s stock valued at $1,621,000 after purchasing an additional 146,127 shares during the last quarter. Virtu KCG Holdings LLC increased its stake in shares of Ferrellgas Partners by 410.3% in the 2nd quarter. Virtu KCG Holdings LLC now owns 89,811 shares of the oil and gas company’s stock valued at $411,000 after purchasing an additional 72,211 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Ferrellgas Partners by 38.6% in the 1st quarter. Bank of America Corp DE now owns 170,559 shares of the oil and gas company’s stock valued at $1,024,000 after purchasing an additional 47,533 shares during the last quarter. Morgan Stanley increased its stake in shares of Ferrellgas Partners by 13.2% in the 1st quarter. Morgan Stanley now owns 346,912 shares of the oil and gas company’s stock valued at $2,082,000 after purchasing an additional 40,533 shares during the last quarter. Finally, KCG Holdings Inc. bought a new position in shares of Ferrellgas Partners in the 1st quarter valued at $106,000. Institutional investors own 6.43% of the company’s stock.
Shares of Ferrellgas Partners (NYSE:FGP) traded down $0.10 during midday trading on Thursday, reaching $4.36. The company’s stock had a trading volume of 357,822 shares, compared to its average volume of 248,719. The company has a quick ratio of 0.60, a current ratio of 0.87 and a debt-to-equity ratio of -2.63. Ferrellgas Partners has a 52-week low of $4.10 and a 52-week high of $8.83.
Ferrellgas Partners (NYSE:FGP) last announced its quarterly earnings data on Thursday, December 7th. The oil and gas company reported ($0.49) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.27) by ($0.22). The business had revenue of $454.70 million during the quarter, compared to analysts’ expectations of $431.30 million. Ferrellgas Partners’s quarterly revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.44) earnings per share. equities research analysts forecast that Ferrellgas Partners will post 0.19 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 8th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.40 annualized dividend and a dividend yield of 9.17%. Ferrellgas Partners’s payout ratio is -66.67%.
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Ferrellgas Partners Company Profile
Ferrellgas Partners, L.P. is engaged in the retail distribution of propane and related equipment sales, and midstream operations, which include crude oil logistics. The Company’s segments include propane and related equipment sales, midstream operations-crude oil logistics, and corporate and other. The propane and related equipment sales segment consists of the distribution of propane and related equipment and supplies.
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