Ferrellgas Partners, L.P. (NYSE:FGP) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Saturday.
Other equities analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Ferrellgas Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Tuesday, May 9th. ValuEngine upgraded shares of Ferrellgas Partners, L.P. from a “strong sell” rating to a “sell” rating in a research report on Friday, July 7th. Finally, UBS AG restated a “sell” rating and set a $5.00 price target (down from $5.50) on shares of Ferrellgas Partners, L.P. in a research report on Monday, June 12th. Six research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $8.67.
Ferrellgas Partners, L.P. (NYSE:FGP) opened at 4.72 on Friday. The company’s market capitalization is $458.56 million. Ferrellgas Partners, L.P. has a 52 week low of $4.22 and a 52 week high of $20.49. The stock’s 50 day moving average price is $4.54 and its 200-day moving average price is $5.48.
Ferrellgas Partners, L.P. (NYSE:FGP) last posted its quarterly earnings results on Friday, June 9th. The oil and gas company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by $0.03. The company had revenue of $538.10 million for the quarter, compared to analysts’ expectations of $576.92 million. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.19 EPS. On average, equities research analysts predict that Ferrellgas Partners, L.P. will post ($0.47) earnings per share for the current fiscal year.
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A number of institutional investors have recently modified their holdings of the company. Royal Bank of Canada increased its position in shares of Ferrellgas Partners, L.P. by 7.8% in the second quarter. Royal Bank of Canada now owns 131,811 shares of the oil and gas company’s stock worth $604,000 after buying an additional 9,545 shares during the period. Virtu KCG Holdings LLC increased its position in shares of Ferrellgas Partners, L.P. by 410.3% in the second quarter. Virtu KCG Holdings LLC now owns 89,811 shares of the oil and gas company’s stock worth $411,000 after buying an additional 72,211 shares during the period. GSA Capital Partners LLP increased its position in shares of Ferrellgas Partners, L.P. by 28.8% in the second quarter. GSA Capital Partners LLP now owns 169,264 shares of the oil and gas company’s stock worth $775,000 after buying an additional 37,864 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Ferrellgas Partners, L.P. by 1.2% in 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 buying an additional 1,873 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Ferrellgas Partners, L.P. by 2.5% in 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 buying an additional 2,162 shares during the period. 6.91% of the stock is currently owned by institutional investors.
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.
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