ValuEngine upgraded shares of Ferrellgas Partners (NYSE:FGP) from a hold rating to a buy rating in a research report released on Tuesday.

Separately, Zacks Investment Research raised shares of Ferrellgas Partners from a sell rating to a hold rating in a research report on Tuesday, August 7th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $3.50.

Shares of FGP stock traded up $0.01 during trading hours on Tuesday, hitting $2.01. 845,444 shares of the company were exchanged, compared to its average volume of 286,835. The company has a quick ratio of 1.00, a current ratio of 1.30 and a debt-to-equity ratio of -2.01. Ferrellgas Partners has a 52 week low of $1.63 and a 52 week high of $5.07. The company has a market capitalization of $214.71 million, a price-to-earnings ratio of -4.67 and a beta of 0.65.

Ferrellgas Partners (NYSE:FGP) last released its earnings results on Thursday, September 27th. The oil and gas company reported ($2.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.41) by ($1.79). The company had revenue of $347.52 million for the quarter, compared to analyst estimates of $365.36 million. On average, equities analysts expect that Ferrellgas Partners will post 0.07 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Friday, September 7th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 19.90%. The ex-dividend date was Thursday, September 6th. Ferrellgas Partners’s dividend payout ratio (DPR) is currently -93.02%.

A number of institutional investors have recently added to or reduced their stakes in the stock. California Public Employees Retirement System grew its position in Ferrellgas Partners by 8.8% in the second quarter. California Public Employees Retirement System now owns 232,890 shares of the oil and gas company’s stock valued at $783,000 after purchasing an additional 18,890 shares in the last quarter. LPL Financial LLC grew its position in Ferrellgas Partners by 29.5% in the first quarter. LPL Financial LLC now owns 91,749 shares of the oil and gas company’s stock valued at $286,000 after purchasing an additional 20,909 shares in the last quarter. Sei Investments Co. grew its position in Ferrellgas Partners by 5,831.6% in the second quarter. Sei Investments Co. now owns 29,658 shares of the oil and gas company’s stock valued at $100,000 after purchasing an additional 29,158 shares in the last quarter. Wells Fargo & Company MN grew its position in Ferrellgas Partners by 192.0% in the first quarter. Wells Fargo & Company MN now owns 47,415 shares of the oil and gas company’s stock valued at $149,000 after purchasing an additional 31,175 shares in the last quarter. Finally, First Republic Investment Management Inc. bought a new position in Ferrellgas Partners in the second quarter valued at $118,000. 5.50% of the stock is owned by institutional investors and hedge funds.

About Ferrellgas Partners

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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