Ferrellgas Partners, L.P. (NYSE:FGP) has been given a consensus rating of “Hold” by the nine ratings firms that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $8.18.
Several equities research analysts have recently commented on the company. Royal Bank Of Canada reaffirmed a “hold” rating and set a $6.00 target price on shares of Ferrellgas Partners, L.P. in a report on Wednesday, September 27th. Zacks Investment Research downgraded Ferrellgas Partners, L.P. from a “buy” rating to a “hold” rating in a research note on Friday, October 6th. BidaskClub raised Ferrellgas Partners, L.P. from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 10th. Finally, ValuEngine raised Ferrellgas Partners, L.P. from a “strong sell” rating to a “sell” rating in a research note on Friday, July 7th.
In other news, VP Trenton D. Hampton bought 6,000 shares of the company’s stock in a transaction on Monday, October 16th. The shares were bought at an average cost of $4.98 per share, with a total value of $29,880.00. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.48% of the company’s stock.
Hedge funds have recently modified their holdings of the business. KCG Holdings Inc. acquired a new position in Ferrellgas Partners, L.P. in the 1st quarter worth about $106,000. Alliancebernstein L.P. increased its position in Ferrellgas Partners, L.P. by 40.6% in the 1st quarter. Alliancebernstein L.P. now owns 18,208 shares of the oil and gas company’s stock worth $109,000 after purchasing an additional 5,257 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Ferrellgas Partners, L.P. in the 1st quarter worth about $166,000. Cambridge Investment Research Advisors Inc. increased its position in Ferrellgas Partners, L.P. by 2.5% in the 2nd 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. Finally, Virtu KCG Holdings LLC increased its position in Ferrellgas Partners, L.P. by 410.3% in the 2nd 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. 6.91% of the stock is currently owned by institutional investors.
Shares of Ferrellgas Partners, L.P. (NYSE:FGP) opened at 4.84 on Wednesday. The stock’s market cap is $470.22 million. The company’s 50-day moving average price is $5.13 and its 200-day moving average price is $5.19. Ferrellgas Partners, L.P. has a 52-week low of $4.22 and a 52-week high of $10.74.
Ferrellgas Partners, L.P. (NYSE:FGP) last announced its earnings results on Thursday, September 28th. The oil and gas company reported ($0.57) EPS for the quarter, missing the consensus estimate of ($0.48) by ($0.09). The firm had revenue of $433.38 million during the quarter, compared to analyst estimates of $431.74 million. During the same period last year, the company posted ($6.68) earnings per share. The firm’s revenue was up 5.8% compared to the same quarter last year. Analysts expect that Ferrellgas Partners, L.P. will post $0.15 earnings per share for the current year.
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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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