Stock Worth Mentioning Today: Is Selling 52-Week Stock Like Ferrellgas Partners, L.P. a Winning Strategy?

Stock Worth Mentioning Today: Is Selling 52 Week Stock Like Ferrellgas Partners, L.P. a Winning Strategy?

The stock of Ferrellgas Partners, L.P. (NYSE:FGP) hit a new 52-week low and has $7.94 target or 8.00% below today’s $8.63 share price. The 7 months bearish chart indicates high risk for the $821.94M company. The 1-year low was reported on Oct, 31 by Barchart.com. If the $7.94 price target is reached, the company will be worth $65.76M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 1.01 million shares traded hands. Ferrellgas Partners, L.P. (NYSE:FGP) has declined 44.49% since March 29, 2016 and is downtrending. It has underperformed by 47.96% the S&P500.

Ferrellgas Partners, L.P. (NYSE:FGP) Ratings Coverage

Out of 9 analysts covering Ferrellgas Partners L.P. (NYSE:FGP), 0 rate it a “Buy”, 7 “Sell”, while 2 “Hold”. This means 0 are positive. Ferrellgas Partners L.P. has been the topic of 20 analyst reports since August 11, 2015 according to StockzIntelligence Inc. Piperjaffray initiated Ferrellgas Partners, L.P. (NYSE:FGP) on Monday, August 22 with “Neutral” rating. UBS maintained Ferrellgas Partners, L.P. (NYSE:FGP) on Thursday, September 29 with “Sell” rating. The firm earned “Underperform” rating on Thursday, September 15 by RBC Capital Markets. As per Wednesday, August 24, the company rating was initiated by Janney Capital. The company was downgraded on Tuesday, September 13 by Citigroup. The firm has “Strong Sell” rating by Zacks given on Tuesday, August 11. The stock of Ferrellgas Partners, L.P. (NYSE:FGP) has “Sell” rating given on Friday, June 10 by UBS. The stock of Ferrellgas Partners, L.P. (NYSE:FGP) earned “Underweight” rating by Piper Jaffray on Wednesday, September 28. On Monday, August 22 the stock rating was initiated by Piper Jaffray with “Neutral”. PiperJaffray downgraded Ferrellgas Partners, L.P. (NYSE:FGP) on Wednesday, September 28 to “Underweight” rating.

According to Zacks Investment Research, “FERRELLGAS PARTNERS, L.P. is engaged in the sale, distribution, marketing and trading of propane and other natural gas liquids.”

Insitutional Activity: The institutional sentiment decreased to 1.05 in Q2 2016. Its down 0.48, from 1.53 in 2016Q1. The ratio worsened, as 18 funds sold all Ferrellgas Partners, L.P. shares owned while 21 reduced positions. 9 funds bought stakes while 32 increased positions. They now own 7.56 million shares or 2.23% less from 7.74 million shares in 2016Q1.
Moreover, Fifth Third Comml Bank has 0% invested in Ferrellgas Partners, L.P. (NYSE:FGP) for 471 shares. Ent Services last reported 0.01% of its portfolio in the stock. North Star Inv Corporation last reported 3,000 shares in the company. The New York-based Van Eck Assocs Corporation has invested 0.02% in Ferrellgas Partners, L.P. (NYSE:FGP). Segment Wealth Llc last reported 15,525 shares in the company. Cetera Advisor Ntwk Lc has 30,208 shares for 0.03% of their US portfolio. Goldman Sachs Gp Inc has invested 0% of its portfolio in Ferrellgas Partners, L.P. (NYSE:FGP). Albert D Mason Incorporated last reported 49,750 shares in the company. Finance Advisory Service has 13,841 shares for 0.09% of their US portfolio. First In has 0.01% invested in the company for 540 shares. Bank Of Montreal Can reported 3,000 shares or 0% of all its holdings. Jag Capital Management Ltd Limited Liability Company has 0.05% invested in the company for 11,615 shares. Financial Architects holds 0.02% or 3,751 shares in its portfolio. Huntington Steele Ltd Co has 0.2% invested in the company for 29,158 shares. Raymond James & Assocs, a Florida-based fund reported 18,004 shares.

Insider Transactions: Since October 4, 2016, the stock had 2 insider purchases, and 0 sales for $141,220 net activity. Starling David L bought $97,860 worth of stock or 10,300 shares. 4,000 shares were bought by Clifford Stephen M, worth $43,360.

More notable recent Ferrellgas Partners, L.P. (NYSE:FGP) news were published by: Globenewswire.com which released: “INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Ferrellgas …” on October 31, 2016, also Prnewswire.com with their article: “Shareholder Class Action Filed Against Ferrellgas Partners, L.P. – FGP” published on October 08, 2016, Zacks.com published: “Ferrellgas Partners LP (FGP) Catches Eye: Stock Jumps 6.2%” on October 07, 2016. More interesting news about Ferrellgas Partners, L.P. (NYSE:FGP) were released by: Businesswire.com and their article: “Rosen Law Firm Reminds Ferrellgas Partners, L.P. Investors of Important …” published on October 26, 2016 as well as Prnewswire.com‘s news article titled: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation …” with publication date: October 05, 2016.

FGP Company Profile

Ferrellgas Partners, L.P., incorporated on April 19, 1994, is engaged in the retail distribution of propane and related equipment sales, and midstream operations, which include crude oil logistics. The Company’s divisions 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. The midstream operations-crude oil logistics segment is engaged in providing crude oil transportation and logistics services. The corporate and other segment includes midstream operations-water solutions. The Company’s two subsidiaries include Ferrellgas Partners Finance Corp. and the operating partnership. The Company’s general partner performs all management functions for the Company and holds general partner interest in Ferrellgas Partners and the operating partnership.

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