Shares of Ferrellgas Partners, L.P. (NYSE:FGP) dropped 0.8% during mid-day trading on Tuesday . The company traded as low as $20.16 and last traded at $20.26, with a volume of 98,552 shares changing hands. The stock had previously closed at $20.43.

A number of equities analysts recently weighed in on FGP shares. Zacks Investment Research raised Ferrellgas Partners, L.P. from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 9th. Bank of America Corp. cut Ferrellgas Partners, L.P. to a “sell” rating in a report on Friday, June 10th. Janney Montgomery Scott started coverage on Ferrellgas Partners, L.P. in a report on Wednesday. They set a “neutral” rating and a $20.00 price objective on the stock. Royal Bank Of Canada initiated coverage on Ferrellgas Partners, L.P. in a research note on Monday, May 2nd. They issued a “sector perform” rating and a $19.00 price target on the stock. Finally, Piper Jaffray Cos. initiated coverage on Ferrellgas Partners, L.P. in a research note on Monday. They issued a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and an average target price of $19.67.

The firm’s market cap is $2.00 billion. The stock’s 50-day moving average is $19.43 and its 200-day moving average is $18.43.

Ferrellgas Partners, L.P. (NYSE:FGP) last announced its quarterly earnings results on Wednesday, June 8th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by $0.29. During the same period in the previous year, the firm posted $0.43 earnings per share. The company earned $509.50 million during the quarter, compared to the consensus estimate of $749.93 million. The company’s revenue was down 4.3% compared to the same quarter last year. Equities analysts anticipate that Ferrellgas Partners, L.P. will post ($0.42) EPS 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.

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