Ferrellgas Partners, L.P. (NYSE:FGP) has received a consensus rating of “Sell” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $5.00.
FGP has been the subject of several recent research reports. ValuEngine lowered shares of Ferrellgas Partners from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. Zacks Investment Research lowered shares of Ferrellgas Partners from a “hold” rating to a “strong sell” rating in a research report on Monday, December 11th. Royal Bank of Canada reissued a “hold” rating and issued a $5.00 price target on shares of Ferrellgas Partners in a research report on Tuesday, January 16th. Citigroup lowered shares of Ferrellgas Partners from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 9th. Finally, Raymond James Financial reissued a “sell” rating on shares of Ferrellgas Partners in a research report on Thursday, December 7th.
Ferrellgas Partners (FGP) opened at $4.05 on Tuesday. The company has a current ratio of 0.58, a quick ratio of 0.41 and a debt-to-equity ratio of -2.28. Ferrellgas Partners has a 52-week low of $3.80 and a 52-week high of $6.67.
Ferrellgas Partners (NYSE:FGP) last announced its quarterly earnings data 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 firm 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 company earned ($0.44) earnings per share. The business’s revenue was up 19.8% compared to the same quarter last year. analysts expect that Ferrellgas Partners will post 0.05 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of FGP. SeaCrest Wealth Management LLC acquired a new position in Ferrellgas Partners in the fourth quarter worth about $763,000. GSA Capital Partners LLP increased its holdings in shares of 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 worth $1,621,000 after buying an additional 146,127 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of 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 worth $452,000 after buying an additional 47,826 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Ferrellgas Partners during the fourth quarter worth approximately $113,000. Finally, PEAK6 Investments L.P. increased its holdings in shares of Ferrellgas Partners by 283.5% during the third quarter. PEAK6 Investments L.P. now owns 20,639 shares of the oil and gas company’s stock worth $106,000 after buying an additional 15,257 shares in the last quarter. 6.01% of the stock is owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION NOTICE: This article was originally posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this article on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this article can be accessed at https://www.thelincolnianonline.com/2018/03/14/ferrellgas-partners-l-p-fgp-given-average-recommendation-of-sell-by-brokerages.html.
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.
Receive News & Ratings for Ferrellgas Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferrellgas Partners and related companies with MarketBeat.com's FREE daily email newsletter.