Ferrellgas Partners, L.P. (FGP) Shares Gap Up to $19.72
Ferrellgas Partners, L.P. (NYSE:FGP)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $19.69, but opened at $19.72. Ferrellgas Partners, L.P. shares last traded at $20.00, with a volume of 113,318 shares trading hands.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Ferrellgas Partners, L.P. from a “hold” rating to a “strong sell” rating in a report on Monday, June 13th. Royal Bank Of Canada assumed coverage on shares of Ferrellgas Partners, L.P. in a report on Monday, May 2nd. They issued a “sector perform” rating and a $19.00 price target for the company. Finally, Bank of America Corp. lowered shares of Ferrellgas Partners, L.P. to a “sell” rating in a report on Friday, June 10th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $19.50.
The company’s market cap is $2.00 billion. The company’s 50 day moving average is $19.29 and its 200-day moving average is $18.30.
Ferrellgas Partners, L.P. (NYSE:FGP) last issued its quarterly earnings data on Wednesday, June 8th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by $0.29. During the same period last year, the firm posted $0.43 earnings per share. The company had revenue of $509.50 million for the quarter, compared to analyst estimates of $749.93 million. Ferrellgas Partners, L.P.’s revenue was down 4.3% compared to the same quarter last year. Equities analysts predict that Ferrellgas Partners, L.P. will post ($0.39) earnings per share for the current fiscal year.
Ferrellgas Partners, L.P. is engaged in the retail distribution of propane and related equipment sales, and midstream operations, which include crude oil logistics segment and water solutions segment. The Company’s two direct subsidiaries include Ferrellgas Partners Finance Corp. and the operating partnership.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.