Stock Buzzer: Will Ferrellgas Partners, L.P. Short Squeeze Soon?

Stock Buzzer: Will Ferrellgas Partners, L.P. Short Squeeze Soon?

The stock of Ferrellgas Partners, L.P. (NYSE:FGP) hit a new 52-week low and has $5.34 target or 8.00% below today’s $5.80 share price. The 7 months bearish chart indicates high risk for the $537.68 million company. The 1-year low was reported on Nov, 29 by Barchart.com. If the $5.34 price target is reached, the company will be worth $43.01 million 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 1.44M shares traded hands or 85.09% up from the average. Ferrellgas Partners, L.P. (NYSE:FGP) has declined 65.92% since April 26, 2016 and is downtrending. It has underperformed by 71.18% the S&P500.

Analysts await Ferrellgas Partners, L.P. (NYSE:FGP) to report earnings on December, 9 before the open. They expect $-0.42 earnings per share, down 27.27% or $0.09 from last year’s $-0.33 per share. After $-2.51 actual earnings per share 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. Ferrellgas Partners L.P. has been the topic of 21 analyst reports since August 11, 2015 according to StockzIntelligence Inc. As per Thursday, September 29, the company rating was maintained by UBS. The stock has “Underweight” rating given by Piper Jaffray on Wednesday, September 28. Citigroup maintained Ferrellgas Partners, L.P. (NYSE:FGP) rating on Thursday, September 29. Citigroup has “Sell” rating and $11 price target. RBC Capital Markets downgraded it to “Underperform” rating and $13 target price in Thursday, September 15 report. Barclays Capital maintained the stock with “Underweight” rating in Wednesday, September 30 report. As per Tuesday, August 11, the company rating was upgraded by Zacks. The rating was initiated by PiperJaffray on Monday, August 22 with “Neutral”. The firm earned “Neutral” rating on Monday, August 22 by Piperjaffray. The rating was initiated by Janney Capital on Wednesday, August 24 with “Neutral”. The firm has “Underweight” rating given on Wednesday, September 28 by PiperJaffray.

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 increased, 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.
Raymond James Associates holds 0% of its portfolio in Ferrellgas Partners, L.P. (NYSE:FGP) for 18,004 shares. Fort Point Cap Prtnrs Limited Liability, a California-based fund reported 29,350 shares. Moreover, Peak6 Investments Limited Partnership has 0% invested in Ferrellgas Partners, L.P. (NYSE:FGP) for 15,147 shares. Monetary Mngmt Gru Incorporated has invested 0.01% of its portfolio in Ferrellgas Partners, L.P. (NYSE:FGP). Fifth Third Bancorporation accumulated 0% or 471 shares. Citigroup owns 8,807 shares or 0% of their US portfolio. Moreover, Cambridge Rech Advsrs has 0.03% invested in Ferrellgas Partners, L.P. (NYSE:FGP) for 85,617 shares. Ladenburg Thalmann Fincl Svcs owns 41,106 shares or 0.01% of their US portfolio. Telemus Cap Limited Liability Corp has 23,000 shares for 0.05% of their US portfolio. Advisory Services Net Limited Liability Com holds 608 shares or 0% of its portfolio. First Manhattan Communications accumulated 0% or 4,000 shares. Guggenheim Capital Limited Liability Co owns 79,862 shares or 0% of their US portfolio. Reilly Fincl Limited Liability Company last reported 0% of its portfolio in the stock. Spirit Of America Management Corporation holds 38,594 shares or 0.1% of its portfolio. Whittier last reported 0% of its portfolio in the stock.

Insider Transactions: Since October 4, 2016, the stock had 2 insider buys, and 0 sales for $141,220 net activity. Shares for $43,360 were bought by Clifford Stephen M. Another trade for 10,300 shares valued at $97,860 was bought by Starling David L.

More important 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 Fool.com published article titled: “Will Ferrellgas Partners, LP Sink or Swim?”, Fool.com published: “Shares of Ferrellgas Partners LP Continued to Suffer in October From Its …” on November 09, 2016. More interesting news about Ferrellgas Partners, L.P. (NYSE:FGP) was released by: Globenewswire.com and their article: “Ferrellgas Partners, L.P. Declares First Quarter 2017 Cash Distribution” with publication date: November 22, 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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