Ferrellgas Partners (OTCMKTS:FGPR) Hits New 1-Year High – Time to Buy?

Ferrellgas Partners, L.P. (OTCMKTS:FGPRGet Free Report) shares reached a new 52-week high on Friday . The company traded as high as $27.00 and last traded at $26.9999, with a volume of 8722 shares. The stock had previously closed at $25.22.

Ferrellgas Partners Stock Performance

The company has a market cap of $2.62 billion, a price-to-earnings ratio of -31.73 and a beta of 2.99. The business’s 50 day moving average price is $21.08 and its 200-day moving average price is $18.44.

About Ferrellgas Partners

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Ferrellgas Partners, L.P. (OTCMKTS:FGPR) is a master limited partnership that operates as the retail propane distribution arm of Ferrellgas, Inc, one of the largest retail propane providers in the United States. Headquartered in Liberty, Missouri, the partnership was formed in 1997 to acquire and manage propane assets and inventory in support of Ferrellgas’s nationwide network.

The company’s primary business activities include the procurement, transportation and distribution of propane to residential, commercial, industrial and agricultural customers.

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