Ferrellgas Partners, L.P. (NYSE:FGP) Director Stephen M. Clifford Buys 3,000 Shares

Ferrellgas Partners, L.P. (NYSE:FGP) Director Stephen M. Clifford acquired 3,000 shares of the company’s stock in a transaction that occurred on Friday, October 13th. The shares were bought at an average cost of $4.96 per share, for a total transaction of $14,880.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Ferrellgas Partners, L.P. (NYSE FGP) opened at 4.60 on Friday. Ferrellgas Partners, L.P. has a 52-week low of $4.22 and a 52-week high of $9.95. The company’s 50-day moving average price is $5.08 and its 200 day moving average price is $5.12. The company’s market capitalization is $446.90 million.

Ferrellgas Partners, L.P. (NYSE:FGP) last issued its quarterly earnings data on Thursday, September 28th. The oil and gas company reported ($0.57) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.09). The business had revenue of $433.38 million during the quarter, compared to analyst estimates of $431.74 million. During the same quarter in the previous year, the business posted ($6.68) EPS. Ferrellgas Partners, L.P.’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, equities analysts expect that Ferrellgas Partners, L.P. will post $0.20 EPS for the current fiscal year.

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A number of hedge funds have recently modified their holdings of FGP. KCG Holdings Inc. purchased a new stake in Ferrellgas Partners, L.P. during the first quarter valued at approximately $106,000. Alliancebernstein L.P. raised its position in Ferrellgas Partners, L.P. by 40.6% during the first quarter. Alliancebernstein L.P. now owns 18,208 shares of the oil and gas company’s stock valued at $109,000 after purchasing an additional 5,257 shares during the period. Russell Investments Group Ltd. purchased a new stake in Ferrellgas Partners, L.P. during the first quarter valued at approximately $166,000. Cambridge Investment Research Advisors Inc. raised its position 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 valued at $409,000 after purchasing an additional 2,162 shares during the period. Finally, Virtu KCG Holdings LLC raised its position 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 valued at $411,000 after purchasing an additional 72,211 shares during the period. Institutional investors and hedge funds own 6.96% of the company’s stock.

A number of analysts recently issued reports on the company. Royal Bank Of Canada reissued a “hold” rating and set a $6.00 price objective on shares of Ferrellgas Partners, L.P. in a report on Wednesday, September 27th. Zacks Investment Research raised Ferrellgas Partners, L.P. from a “hold” rating to a “buy” rating and set a $5.75 price target on the stock in a report on Monday, October 9th. BidaskClub raised Ferrellgas Partners, L.P. from a “strong sell” rating to a “sell” rating in a report on Thursday, August 10th. Finally, ValuEngine raised Ferrellgas Partners, L.P. from a “strong sell” rating to a “sell” rating in a report on Friday, July 7th. Three equities research 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 company currently has an average rating of “Hold” and a consensus price target of $8.18.

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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