Ferrellgas Partners, L.P. (FGP) Receives Average Rating of “Hold” from Analysts

Ferrellgas Partners, L.P. (NYSE:FGP) has received a consensus recommendation of “Hold” from the six research firms that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $3.50.

A number of brokerages recently commented on FGP. Zacks Investment Research downgraded shares of Ferrellgas Partners from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 4th. ValuEngine upgraded shares of Ferrellgas Partners from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th.

A number of institutional investors and hedge funds have recently made changes to their positions in FGP. Wells Fargo & Company MN lifted 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 acquiring an additional 31,175 shares during the last quarter. UBS Group AG lifted its position in Ferrellgas Partners by 100.9% in the first quarter. UBS Group AG now owns 908,284 shares of the oil and gas company’s stock valued at $2,834,000 after acquiring an additional 456,130 shares during the last quarter. Jane Street Group LLC purchased a new stake in Ferrellgas Partners in the first quarter valued at $225,000. LPL Financial LLC lifted 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 acquiring an additional 20,909 shares during the last quarter. Finally, Sei Investments Co. lifted 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 acquiring an additional 29,158 shares during the last quarter. 5.35% of the stock is owned by hedge funds and other institutional investors.



Shares of FGP stock opened at $1.53 on Friday. The firm has a market cap of $148.64 million, a P/E ratio of -3.56 and a beta of 0.64. Ferrellgas Partners has a 12 month low of $1.52 and a 12 month high of $5.07.

Ferrellgas Partners (NYSE:FGP) last issued its earnings results on Thursday, September 27th. The oil and gas company reported ($2.20) EPS 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 analysts’ expectations of $365.36 million. Analysts expect that Ferrellgas Partners will post -0.09 EPS for the current year.

Ferrellgas Partners Company Profile

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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