Press coverage about Ferrellgas Partners (NYSE:FGP) has trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ferrellgas Partners earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media coverage about the oil and gas company an impact score of 45.479400696278 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
Several brokerages have recently issued reports on FGP. Zacks Investment Research cut shares of Ferrellgas Partners from a “buy” rating to a “hold” rating in a research note on Monday. Royal Bank Of Canada reaffirmed a “hold” rating and set a $6.00 price target on shares of Ferrellgas Partners in a research report on Monday, October 30th. Finally, BidaskClub raised shares of Ferrellgas Partners from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $8.18.
Shares of Ferrellgas Partners (FGP) traded up $0.01 during mid-day trading on Monday, reaching $4.58. 276,878 shares of the company’s stock were exchanged, compared to its average volume of 392,890. The company has a current ratio of 0.87, a quick ratio of 0.60 and a debt-to-equity ratio of -2.63. Ferrellgas Partners has a 52-week low of $4.22 and a 52-week high of $8.83.
Ferrellgas Partners (NYSE:FGP) last issued its earnings results 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 firm had revenue of $433.38 million for the quarter, compared to analyst estimates of $431.74 million. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($6.68) EPS. sell-side analysts forecast that Ferrellgas Partners will post 0.19 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 8th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.40 annualized dividend and a yield of 8.73%. Ferrellgas Partners’s dividend payout ratio (DPR) is -72.73%.
In other Ferrellgas Partners news, VP Trenton D. Hampton acquired 6,000 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The shares were purchased at an average price of $4.98 per share, for a total transaction of $29,880.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.48% of the stock is owned by corporate insiders.
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Ferrellgas Partners 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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