Media stories about Ferrellgas Partners, L.P. (NYSE:FGP) have been trending positive on Friday, according to AlphaOne. The research group, a service of Accern, identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ferrellgas Partners, L.P. earned a media sentiment score of 0.31 on AlphaOne’s scale. AlphaOne also assigned press coverage about the oil and gas company an impact score of 91 out of 100, indicating that recent news coverage is extremely likely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Alpha One’s rankings:
- Analyst at UBS Reconfirms Ferrellgas Partners (NYSE:FGP)Stock Rating as a ‘Sell’ – KL Daily (kldaily.com)
- Ferrellgas Partners LP (NYSE:FGP) 2016 Q4 Sentiment Report (upbeacon.net)
- Ferrellgas Partners LP (NYSE:FGP) Institutional Investors 2016 Q4 Sentiment (leisuretravelaid.com)
- Ferrellgas Partners LP :FGP-US: Earnings Analysis: Q3, 2017 By the Numbers : June 16, 2017 (finance.yahoo.com)
- Check on CCI Indicator for Ferrellgas Partners LP (FGP) – Wall Street Review (thewallstreetreview.com)
Several research analysts recently weighed in on the company. Zacks Investment Research upgraded Ferrellgas Partners, L.P. from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. ValuEngine downgraded Ferrellgas Partners, L.P. from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. Royal Bank of Canada reissued a “hold” rating and issued a $6.00 price objective on shares of Ferrellgas Partners, L.P. in a report on Friday, March 24th. Finally, Bank of America Corporation set a $5.00 price objective on Ferrellgas Partners, L.P. and gave the company a “sell” rating in a report on Saturday, March 11th. Four analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $11.67.
Ferrellgas Partners, L.P. (NYSE:FGP) remained flat at $5.23 during midday trading on Friday. 246,184 shares of the company traded hands. Ferrellgas Partners, L.P. has a 1-year low of $4.96 and a 1-year high of $20.55. The company’s market capitalization is $508.10 million. The firm has a 50-day moving average price of $5.60 and a 200-day moving average price of $6.38.
Ferrellgas Partners, L.P. (NYSE:FGP) last released its earnings results on Friday, June 9th. The oil and gas company reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.03. The business had revenue of $538.10 million for the quarter, compared to analysts’ expectations of $576.92 million. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.19 earnings per share. Equities research analysts expect that Ferrellgas Partners, L.P. will post ($0.46) EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 14th. Stockholders of record on Wednesday, June 7th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, June 5th. This represents a $0.40 annualized dividend and a dividend yield of 7.65%. Ferrellgas Partners, L.P.’s dividend payout ratio is presently -6.01%.
In related news, Director Pamela A. Breuckmann acquired 18,000 shares of the stock in a transaction dated Thursday, March 23rd. The stock was bought at an average cost of $5.82 per share, with a total value of $104,760.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.48% of the stock is owned by insiders.
About Ferrellgas Partners, L.P.
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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