Ferrellgas Partners (FGP) Trading Down 9.9%

Ferrellgas Partners, L.P. (NYSE:FGP) fell 9.9% during trading on Monday . The stock traded as low as $1.12 and last traded at $1.18. 705,989 shares were traded during mid-day trading, an increase of 81% from the average session volume of 391,003 shares. The stock had previously closed at $1.31.

Several research firms have commented on FGP. ValuEngine upgraded shares of Ferrellgas Partners from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. Zacks Investment Research lowered shares of Ferrellgas Partners from a “hold” rating to a “sell” rating in a research note on Friday, January 18th.

The company has a market capitalization of $116.97 million, a PE ratio of -2.80 and a beta of 3.12.

Ferrellgas Partners (NYSE:FGP) last issued its quarterly earnings results on Friday, March 8th. The oil and gas company reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.13). The firm had revenue of $573.38 million for the quarter, compared to the consensus estimate of $605.26 million. On average, research analysts predict that Ferrellgas Partners, L.P. will post -0.41 earnings per share for the current year.

Several hedge funds have recently modified their holdings of FGP. First Republic Investment Management Inc. increased its stake in shares of Ferrellgas Partners by 157.1% during the 3rd quarter. First Republic Investment Management Inc. now owns 90,000 shares of the oil and gas company’s stock worth $199,000 after purchasing an additional 55,000 shares during the last quarter. Prescott Group Capital Management L.L.C. increased its stake in shares of Ferrellgas Partners by 6.1% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 318,860 shares of the oil and gas company’s stock worth $171,000 after purchasing an additional 18,195 shares during the last quarter. WealthPLAN Partners LLC increased its stake in shares of Ferrellgas Partners by 69.7% during the 4th quarter. WealthPLAN Partners LLC now owns 24,330 shares of the oil and gas company’s stock worth $34,000 after purchasing an additional 9,991 shares during the last quarter. Virtu Financial LLC increased its stake in shares of Ferrellgas Partners by 610.5% during the 1st quarter. Virtu Financial LLC now owns 98,055 shares of the oil and gas company’s stock worth $129,000 after purchasing an additional 84,255 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC purchased a new stake in shares of Ferrellgas Partners during the 1st quarter worth approximately $36,000. Institutional investors own 6.84% of the company’s stock.

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Ferrellgas Partners Company Profile (NYSE:FGP)

Ferrellgas Partners, L.P. distributes and sells propane and related equipment and supplies. The company transports propane to propane distribution locations, tanks on customers' premises, or to portable propane tanks delivered to retailers. It conducts its portable tank exchange operations under the Blue Rhino brand name through a network of independent and partnership-owned distribution outlets.

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