Ferrellgas Partners, L.P. (NYSE:FGP) Director Stephen M. Clifford bought 3,000 shares of Ferrellgas Partners stock in a transaction on Wednesday, March 14th. The shares were acquired at an average cost of $3.56 per share, for a total transaction of $10,680.00. Following the completion of the acquisition, the director now directly owns 13,000 shares in the company, valued at $46,280. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
FGP opened at $3.23 on Friday. The company has a debt-to-equity ratio of -2.24, a quick ratio of 0.56 and a current ratio of 0.73. Ferrellgas Partners, L.P. has a 1-year low of $2.87 and a 1-year high of $6.14. The firm has a market cap of $315.74, a price-to-earnings ratio of -5.87 and a beta of 0.58.
Ferrellgas Partners (NYSE:FGP) last released its quarterly earnings data on Thursday, March 8th. The oil and gas company reported $0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.12). The business had revenue of $755.16 million for the quarter, compared to analysts’ expectations of $703.96 million. During the same quarter last year, the firm posted $0.39 EPS. The company’s revenue was up 30.4% on a year-over-year basis. equities research analysts anticipate that Ferrellgas Partners, L.P. will post -0.17 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, March 9th were paid a $0.10 dividend. The ex-dividend date was Thursday, March 8th. This represents a $0.40 annualized dividend and a dividend yield of 12.38%. Ferrellgas Partners’s payout ratio is -72.73%.
A number of brokerages have recently issued reports on FGP. UBS dropped their price target on shares of Ferrellgas Partners from $4.00 to $2.00 and set a “sell” rating on the stock in a research report on Thursday, March 29th. Zacks Investment Research upgraded shares of Ferrellgas Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, March 7th. ValuEngine downgraded shares of Ferrellgas Partners from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 1st. Royal Bank of Canada reiterated a “hold” rating and set a $5.00 target price on shares of Ferrellgas Partners in a research report on Tuesday, January 16th. Finally, Citigroup downgraded shares of Ferrellgas Partners from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 9th. Three investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Ferrellgas Partners currently has an average rating of “Hold” and a consensus target price of $4.25.
Several hedge funds and other institutional investors have recently bought and sold shares of FGP. PEAK6 Investments L.P. grew its stake in shares of Ferrellgas Partners by 283.5% in the 3rd quarter. PEAK6 Investments L.P. now owns 20,639 shares of the oil and gas company’s stock worth $106,000 after acquiring an additional 15,257 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Ferrellgas Partners in the 4th quarter worth $113,000. Deutsche Bank AG grew its position in Ferrellgas Partners by 82.5% during the fourth quarter. Deutsche Bank AG now owns 105,801 shares of the oil and gas company’s stock valued at $452,000 after buying an additional 47,826 shares during the period. SeaCrest Wealth Management LLC bought a new position in Ferrellgas Partners during the fourth quarter valued at about $763,000. Finally, GSA Capital Partners LLP grew its position in Ferrellgas Partners by 86.3% during the third quarter. GSA Capital Partners LLP now owns 315,391 shares of the oil and gas company’s stock valued at $1,621,000 after buying an additional 146,127 shares during the period. Hedge funds and other institutional investors own 5.58% of the company’s stock.
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Ferrellgas Partners Company Profile
Ferrellgas Partners, L.P. distributes and sells propane and related equipment and supplies primarily in the United States. It operates in two segments: Propane Operations and Related Equipment Sales, and Midstream Operations. The company transports propane to propane distribution locations, tanks on customers' premises, or to portable propane tanks delivered to retailers.
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