Ferrellgas Partners (OTCMKTS:FGPR) Shares Gap Up – What’s Next?

Ferrellgas Partners, L.P. (OTCMKTS:FGPR)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $25.80, but opened at $27.00. Ferrellgas Partners shares last traded at $27.20, with a volume of 2,001 shares.

Ferrellgas Partners Stock Up 4.2%

The company has a market cap of $2.64 billion, a price-to-earnings ratio of -32.00 and a beta of 2.99. The stock’s 50-day simple moving average is $22.00 and its 200 day simple moving average is $18.99.

About Ferrellgas Partners

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.