Ferrellgas Partners, L.P. (FGP) Given Consensus Rating of “Hold” by Brokerages

Shares of Ferrellgas Partners, L.P. (NYSE:FGP) have received a consensus rating of “Hold” from the nine analysts that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $8.18.

Several equities research analysts have commented on the stock. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $6.00 target price on shares of Ferrellgas Partners, L.P. in a research note on Monday, October 30th. Zacks Investment Research raised shares of Ferrellgas Partners, L.P. from a “hold” rating to a “buy” rating and set a $5.75 target price for the company in a research note on Monday, October 9th. Finally, BidaskClub raised shares of Ferrellgas Partners, L.P. from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th.

Shares of Ferrellgas Partners, L.P. (NYSE FGP) opened at $4.82 on Friday. Ferrellgas Partners, L.P. has a 12 month low of $4.22 and a 12 month high of $8.83. 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, L.P. (NYSE:FGP) last issued its earnings results on Thursday, September 28th. The oil and gas company reported ($0.57) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.48) by ($0.09). The business had revenue of $433.38 million for the quarter, compared to analysts’ expectations of $431.74 million. During the same period in the previous year, the firm earned ($6.68) earnings per share. The business’s quarterly revenue was up 5.8% on a year-over-year basis. equities analysts expect that Ferrellgas Partners, L.P. will post 0.19 EPS for the current fiscal year.

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In related news, VP Trenton D. Hampton acquired 6,000 shares of the stock in a transaction dated Monday, October 16th. The stock was bought at an average price of $4.98 per share, with a total value of $29,880.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.48% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada boosted its holdings in Ferrellgas Partners, L.P. by 7.8% during the second quarter. Royal Bank of Canada now owns 131,811 shares of the oil and gas company’s stock worth $604,000 after purchasing an additional 9,545 shares during the last quarter. Virtu KCG Holdings LLC boosted its holdings in Ferrellgas Partners, L.P. by 410.3% during the second quarter. Virtu KCG Holdings LLC now owns 89,811 shares of the oil and gas company’s stock worth $411,000 after purchasing an additional 72,211 shares during the last quarter. GSA Capital Partners LLP boosted its holdings in Ferrellgas Partners, L.P. by 28.8% during the second quarter. GSA Capital Partners LLP now owns 169,264 shares of the oil and gas company’s stock worth $775,000 after purchasing an additional 37,864 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Ferrellgas Partners, L.P. by 1.2% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 155,570 shares of the oil and gas company’s stock worth $713,000 after purchasing an additional 1,873 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in Ferrellgas Partners, L.P. by 2.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 89,372 shares of the oil and gas company’s stock worth $409,000 after purchasing an additional 2,162 shares during the last quarter. Institutional investors and hedge funds own 6.95% of the company’s stock.

Ferrellgas Partners, L.P. 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.

Analyst Recommendations for Ferrellgas Partners, L.P. (NYSE:FGP)

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