Press coverage about Ferrellgas Partners (NYSE:FGP) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ferrellgas Partners earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news stories about the oil and gas company an impact score of 44.8905353298623 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
Shares of Ferrellgas Partners (NYSE:FGP) opened at $4.13 on Wednesday. Ferrellgas Partners has a 52-week low of $3.80 and a 52-week high of $6.67. The company has a debt-to-equity ratio of -2.28, a quick ratio of 0.41 and a current ratio of 0.58. The company has a market capitalization of $399.30, a PE ratio of -6.88 and a beta of 0.42.
Ferrellgas Partners (NYSE:FGP) last issued its quarterly earnings results on Thursday, December 7th. The oil and gas company reported ($0.49) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.27) by ($0.22). The business had revenue of $454.70 million during the quarter, compared to the consensus estimate of $431.30 million. During the same period in the prior year, the company posted ($0.44) earnings per share. The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. equities analysts forecast that Ferrellgas Partners will post 0.05 earnings per share for the current year.
Several research analysts have commented on the company. Citigroup downgraded Ferrellgas Partners from a “buy” rating to a “neutral” rating in a report on Tuesday, January 9th. ValuEngine downgraded Ferrellgas Partners from a “sell” rating to a “strong sell” rating in a report on Sunday, December 31st. Zacks Investment Research downgraded Ferrellgas Partners from a “buy” rating to a “hold” rating in a report on Monday, December 4th. Royal Bank of Canada reiterated a “hold” rating and issued a $6.00 price target on shares of Ferrellgas Partners in a report on Monday, October 30th. Finally, Raymond James Financial reiterated a “sell” rating on shares of Ferrellgas Partners in a report on Thursday, December 7th. Five research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock has an average rating of “Sell” and a consensus price target of $5.19.
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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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