Ferrellgas Partners, L.P. (NYSE:FGP) CFO Doran N. Schwartz purchased 4,000 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The stock was bought at an average cost of $3.45 per share, with a total value of $13,800.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of Ferrellgas Partners, L.P. (NYSE:FGP) traded up $0.07 during trading on Wednesday, hitting $3.62. The company had a trading volume of 114,623 shares, compared to its average volume of 305,355. Ferrellgas Partners, L.P. has a 52 week low of $3.30 and a 52 week high of $6.36. The company has a current ratio of 0.73, a quick ratio of 0.56 and a debt-to-equity ratio of -2.24. The company has a market cap of $349.75, a price-to-earnings ratio of -3.51 and a beta of 0.44.
Ferrellgas Partners (NYSE:FGP) last announced its earnings results on Thursday, March 8th. The oil and gas company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.12). The company had revenue of $755.16 million during the quarter, compared to the consensus estimate of $703.96 million. Ferrellgas Partners’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.39 EPS. analysts predict that Ferrellgas Partners, L.P. will post -0.68 earnings per share for the current fiscal year.
Several equities research analysts recently commented on FGP shares. ValuEngine lowered Ferrellgas Partners from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. Zacks Investment Research lowered Ferrellgas Partners from a “hold” rating to a “strong sell” rating in a research report on Monday, December 11th. Royal Bank of Canada restated a “hold” rating and set a $5.00 target price on shares of Ferrellgas Partners in a research report on Tuesday, January 16th. Citigroup lowered Ferrellgas Partners from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 9th. Finally, Raymond James Financial restated a “sell” rating on shares of Ferrellgas Partners in a research report on Thursday, December 7th. Three analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Ferrellgas Partners has an average rating of “Hold” and an average price target of $5.25.
Large investors have recently made changes to their positions in the business. SeaCrest Wealth Management LLC bought a new position in Ferrellgas Partners in the fourth quarter worth approximately $763,000. GSA Capital Partners LLP boosted its holdings in Ferrellgas Partners by 86.3% in the third quarter. GSA Capital Partners LLP now owns 315,391 shares of the oil and gas company’s stock worth $1,621,000 after acquiring an additional 146,127 shares in the last quarter. PEAK6 Investments L.P. boosted its holdings in Ferrellgas Partners by 283.5% in the third quarter. PEAK6 Investments L.P. now owns 20,639 shares of the oil and gas company’s stock worth $106,000 after acquiring an additional 15,257 shares in the last quarter. Deutsche Bank AG boosted its holdings in Ferrellgas Partners by 82.5% in the fourth quarter. Deutsche Bank AG now owns 105,801 shares of the oil and gas company’s stock worth $452,000 after acquiring an additional 47,826 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in Ferrellgas Partners in the fourth quarter worth approximately $113,000. Institutional investors and hedge funds own 5.66% of the company’s stock.
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About Ferrellgas Partners
Ferrellgas Partners, L.P. is engaged in the retail distribution of propane and related equipment sales, and midstream operations, which include crude oil logistics. The Company’s segments include propane and related equipment sales, midstream operations-crude oil logistics, and corporate and other. The propane and related equipment sales segment consists of the distribution of propane and related equipment and supplies.
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