Media stories about Ferrellgas Partners (NYSE:FGP) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ferrellgas Partners earned a news impact score of 0.07 on Accern’s scale. Accern also assigned media headlines about the oil and gas company an impact score of 45.6603045782895 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of equities research analysts have issued reports on FGP shares. Zacks Investment Research raised shares of Ferrellgas Partners 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. Royal Bank of Canada reaffirmed a “hold” rating and set a $6.00 target price on shares of Ferrellgas Partners in a research note on Monday, October 30th. Raymond James Financial reissued a “sell” rating on shares of Ferrellgas Partners in a research report on Thursday, December 7th. ValuEngine cut shares of Ferrellgas Partners from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. Finally, Citigroup cut shares of Ferrellgas Partners from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 9th. Five equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company has an average rating of “Sell” and an average target price of $5.19.
Shares of Ferrellgas Partners (NYSE FGP) traded up $0.02 during midday trading on Friday, reaching $4.08. 342,445 shares of the company traded hands, compared to its average volume of 443,865. The company has a market capitalization of $396.38, a price-to-earnings ratio of -6.80 and a beta of 0.42. Ferrellgas Partners has a 12 month low of $3.80 and a 12 month high of $7.68. The company has a debt-to-equity ratio of -2.28, a current ratio of 0.58 and a quick ratio of 0.41.
Ferrellgas Partners (NYSE:FGP) last posted its quarterly earnings results on Thursday, December 7th. The oil and gas company reported ($0.49) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.27) by ($0.22). The business had revenue of $454.70 million for the quarter, compared to analyst estimates of $431.30 million. During the same period in the prior year, the firm posted ($0.44) EPS. Ferrellgas Partners’s revenue for the quarter was up 19.8% on a year-over-year basis. analysts predict that Ferrellgas Partners will post 0.05 EPS for the current fiscal year.
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About Ferrellgas Partners
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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