The stock of Ferrellgas Partners, L.P. (NYSE:FGP) is a huge mover today! The stock decreased 9.28% or $0.68 on November 23, hitting $6.65. About 1.96 million shares traded hands or 199.52% up from the average. Ferrellgas Partners, L.P. (NYSE:FGP) has declined 63.52% since April 22, 2016 and is downtrending. It has underperformed by 68.93% the S&P500.
The move comes after 7 months negative chart setup for the $633.11M company. It was reported on Nov, 24 by Barchart.com. We have $6.25 PT which if reached, will make NYSE:FGP worth $37.99 million less.
Analysts await Ferrellgas Partners, L.P. (NYSE:FGP) to report earnings on December, 9 before the open. They expect $-0.42 EPS, down 27.27% or $0.09 from last year’s $-0.33 per share. After $-2.51 actual EPS reported by Ferrellgas Partners, L.P. for the previous quarter, Wall Street now forecasts -83.27% EPS growth.
Ferrellgas Partners, L.P. (NYSE:FGP) Ratings Coverage
Out of 9 analysts covering Ferrellgas Partners L.P. (NYSE:FGP), 0 rate it a “Buy”, 6 “Sell”, while 3 “Hold”. This means 0 are positive. $21 is the highest target while $10 is the lowest. The $13.40 average target is 101.50% above today’s ($6.65) stock price. Ferrellgas Partners L.P. has been the topic of 21 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The firm earned “Sector Perform” rating on Monday, May 2 by RBC Capital Markets. Janney Capital initiated it with “Neutral” rating and $20 target price in Wednesday, August 24 report. The rating was upgraded by Zacks to “Strong Sell” on Tuesday, August 11. The firm has “Underweight” rating by Barclays Capital given on Wednesday, September 30. The firm has “Underweight” rating by Piper Jaffray given on Wednesday, September 28. On Monday, August 22 the stock rating was initiated by Piper Jaffray with “Neutral”. The rating was initiated by Piperjaffray on Monday, August 22 with “Neutral”. The company was maintained on Thursday, September 29 by UBS. The stock of Ferrellgas Partners, L.P. (NYSE:FGP) has “Underweight” rating given on Wednesday, September 28 by PiperJaffray. The stock of Ferrellgas Partners, L.P. (NYSE:FGP) has “Sell” rating given on Friday, June 10 by UBS.
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 increased to 2.24 in Q2 2016. Its up 1.19, from 1.05 in 2016Q1. The ratio improved, 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.
Commerce Bancshares holds 0% or 14,671 shares in its portfolio. Telemus Cap Limited Liability last reported 0.05% of its portfolio in the stock. Barclays Public Limited Com has 72,226 shares for 0% of their US portfolio. Wells Fargo Mn last reported 0% of its portfolio in the stock. Peak6 Invests Ltd Partnership has 15,147 shares for 0% of their US portfolio. Morgan Stanley has invested 0% of its portfolio in Ferrellgas Partners, L.P. (NYSE:FGP). Huntington Bank reported 990 shares or 0% of all its holdings. Segment Wealth Mngmt Ltd Com accumulated 0.12% or 15,525 shares. Lpl Financial Lc last reported 0.01% of its portfolio in the stock. Pnc Finance Svcs Grp Inc has 0% invested in the company for 37,047 shares. Finance Services holds 0.01% of its portfolio in Ferrellgas Partners, L.P. (NYSE:FGP) for 700 shares. Da Davidson And reported 3,442 shares or 0% of all its holdings. Moreover, Keybank Association Oh has 0% invested in Ferrellgas Partners, L.P. (NYSE:FGP) for 29,000 shares. Royal Bank Of Canada reported 238,531 shares or 0% of all its holdings. Financial Architects last reported 0.02% of its portfolio in the stock.
Insider Transactions: Since October 4, 2016, the stock had 2 insider buys, and 0 insider sales for $141,220 net activity. Clifford Stephen M bought 4,000 shares worth $43,360. $97,860 worth of Ferrellgas Partners, L.P. (NYSE:FGP) shares were bought by Starling David L.
More notable recent Ferrellgas Partners, L.P. (NYSE:FGP) news were published by: Fool.com which released: “3 Great Reasons to Buy Ferrellgas Partners, LP” on November 21, 2016, also Globenewswire.com with their article: “Ferrellgas Partners, L.P. Declares First Quarter 2017 Cash Distribution” published on November 22, 2016, Fool.com published: “Will Ferrellgas Partners, LP Sink or Swim?” on November 04, 2016. More interesting news about Ferrellgas Partners, L.P. (NYSE:FGP) were released by: Fool.com and their article: “Shares of Ferrellgas Partners LP Continued to Suffer in October From Its …” published on November 09, 2016 as well as Prnewswire.com‘s news article titled: “Expanded Class Period And Deadline Reminder For Ferrellgas Partners. L.P …” with publication date: November 17, 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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