Price Change to Note: Time to Buy Ferrellgas Partners, L.P. After Today’s Significant Decline?

Price Change to Note: Time to Buy Ferrellgas Partners, L.P. After Today's Significant Decline?

The stock of Ferrellgas Partners, L.P. (NYSE:FGP) is a huge mover today! The stock decreased 5.76% or $0.34 on November 30, hitting $5.56. About 2.11 million shares traded hands or 154.85% up from the average. Ferrellgas Partners, L.P. (NYSE:FGP) has declined 68.21% since April 27, 2016 and is downtrending. It has underperformed by 73.44% the S&P500.
The move comes after 5 months negative chart setup for the $509.92 million company. It was reported on Nov, 30 by Barchart.com. We have $5.23 PT which if reached, will make NYSE:FGP worth $30.60M 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. Ferrellgas Partners L.P. has been the topic of 21 analyst reports since August 11, 2015 according to StockzIntelligence Inc. On Monday, May 2 the stock rating was initiated by RBC Capital Markets with “Sector Perform”. The firm has “Sell” rating by UBS given on Friday, June 10. The stock has “Neutral” rating given by Piper Jaffray on Monday, August 22. The company was initiated on Monday, August 22 by Piperjaffray. The stock of Ferrellgas Partners, L.P. (NYSE:FGP) earned “Neutral” rating by Citigroup on Wednesday, November 2. The firm earned “Underweight” rating on Wednesday, September 28 by Piper Jaffray. The stock of Ferrellgas Partners, L.P. (NYSE:FGP) has “Sell” rating given on Tuesday, September 13 by Citigroup. On Thursday, September 29 the stock rating was maintained by Citigroup with “Sell”. Barclays Capital maintained the shares of FGP in a report on Wednesday, September 30 with “Underweight” rating. The company was initiated on Wednesday, August 24 by Janney Capital.

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.
Envestnet Asset Mgmt holds 12,686 shares or 0% of its portfolio. First Fincl Corp In last reported 540 shares in the company. Lakeview Capital Prns Ltd Liability Co last reported 61,868 shares in the company. Arrow Advsr Ltd Liability Company has 0.16% invested in the company for 38,699 shares. Van Eck Associates Corp, a New York-based fund reported 227,542 shares. Cetera Lc holds 0.01% of its portfolio in Ferrellgas Partners, L.P. (NYSE:FGP) for 10,387 shares. First Manhattan Co has invested 0% of its portfolio in Ferrellgas Partners, L.P. (NYSE:FGP). The Washington-based Huntington Steele Lc has invested 0.2% in Ferrellgas Partners, L.P. (NYSE:FGP). Ladenburg Thalmann Financial Serv Inc owns 41,106 shares or 0.01% of their US portfolio. Creative Planning accumulated 0% or 36,694 shares. Monetary Mngmt holds 1,600 shares or 0.01% of its portfolio. Exane Derivatives has 0% invested in the company for 39 shares. Barclays Public Limited Company holds 72,226 shares or 0% of its portfolio. Global X Ltd owns 335,752 shares or 0.31% of their US portfolio. The Montana-based Da Davidson And has invested 0% in Ferrellgas Partners, L.P. (NYSE:FGP).

Insider Transactions: Since October 4, 2016, the stock had 2 buys, and 0 sales for $141,220 net activity. $97,860 worth of Ferrellgas Partners, L.P. (NYSE:FGP) was bought by Starling David L. On Thursday, October 6 Clifford Stephen M bought $43,360 worth of the stock or 4,000 shares.

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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