Shares of Ferrellgas Partners, L.P. (NYSE:FGP) reached a new 52-week low on Tuesday . The company traded as low as $1.47 and last traded at $1.48, with a volume of 4436 shares. The stock had previously closed at $1.52.

A number of research firms have recently weighed in on FGP. ValuEngine upgraded shares of Ferrellgas Partners from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. Zacks Investment Research lowered shares of Ferrellgas Partners from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 4th. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and an average price target of $3.50.

The company has a market capitalization of $151.56 million, a price-to-earnings ratio of -3.47 and a beta of 0.95.

Ferrellgas Partners (NYSE:FGP) last released its quarterly earnings data on Thursday, September 27th. The oil and gas company reported ($2.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.41) by ($1.79). The firm had revenue of $347.52 million for the quarter, compared to analysts’ expectations of $365.36 million. Analysts expect that Ferrellgas Partners, L.P. will post -0.09 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in FGP. Arrow Investment Advisors LLC acquired a new stake in shares of Ferrellgas Partners in the second quarter worth $516,000. Sowell Financial Services LLC acquired a new stake in Ferrellgas Partners during the third quarter valued at $208,000. First Republic Investment Management Inc. grew its position in Ferrellgas Partners by 157.1% during the third quarter. First Republic Investment Management Inc. now owns 90,000 shares of the oil and gas company’s stock valued at $199,000 after buying an additional 55,000 shares during the period. Prescott Group Capital Management L.L.C. grew its position in Ferrellgas Partners by 21.8% during the third quarter. Prescott Group Capital Management L.L.C. now owns 300,665 shares of the oil and gas company’s stock valued at $664,000 after buying an additional 53,794 shares during the period. Finally, Wells Fargo & Company MN grew its position in Ferrellgas Partners by 192.0% during 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 buying an additional 31,175 shares during the period. Hedge funds and other institutional investors own 4.68% 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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