An issue of Ferrellgas Partners, L.P. (NYSE:FGP) debt fell 1.8% against its face value during trading on Friday. The high-yield debt issue has a 6.75% coupon and will mature on January 15, 2022. The bonds in the issue are now trading at $91.75 and were trading at $92.50 one week ago. Price moves in a company’s debt in credit markets sometimes anticipate parallel moves in its share price.

A number of research firms have recently issued reports on FGP. Zacks Investment Research downgraded shares of Ferrellgas Partners from a “hold” rating to a “strong sell” rating in a research report on Monday, December 11th. Raymond James Financial restated a “sell” rating on shares of Ferrellgas Partners in a research report on Thursday, December 7th. Royal Bank of Canada restated a “hold” rating and issued a $6.00 price target on shares of Ferrellgas Partners in a research report on Monday, October 30th. Finally, BidaskClub upgraded shares of Ferrellgas Partners from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Five analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The stock presently has an average rating of “Sell” and an average target price of $5.44.

Ferrellgas Partners, L.P. (NYSE FGP) opened at $4.10 on Friday. The company has a debt-to-equity ratio of -2.28, a quick ratio of 0.41 and a current ratio of 0.58. Ferrellgas Partners, L.P. has a 52-week low of $4.10 and a 52-week high of $8.83.

Ferrellgas Partners (NYSE:FGP) last released its quarterly earnings data on Thursday, December 7th. The oil and gas company reported ($0.49) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.27) by ($0.22). The company had revenue of $454.70 million for the quarter, compared to analyst estimates of $431.30 million. During the same quarter in the previous year, the business posted ($0.44) earnings per share. The firm’s revenue for the quarter was up 19.8% on a year-over-year basis. research analysts forecast that Ferrellgas Partners, L.P. will post 0.05 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 8th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 9.76%. Ferrellgas Partners’s dividend payout ratio (DPR) is presently -66.67%.

In other news, VP Trenton D. Hampton acquired 6,000 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The shares were acquired at an average price of $4.98 per share, with a total value of $29,880.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.48% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. increased its holdings in shares of Ferrellgas Partners by 40.6% in the 1st quarter. Alliancebernstein L.P. now owns 18,208 shares of the oil and gas company’s stock worth $109,000 after acquiring an additional 5,257 shares during the period. PEAK6 Investments L.P. increased its holdings in shares of Ferrellgas Partners by 283.5% in the 3rd quarter. PEAK6 Investments L.P. now owns 20,639 shares of the oil and gas company’s stock worth $106,000 after acquiring an additional 15,257 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Ferrellgas Partners by 2.5% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 89,372 shares of the oil and gas company’s stock worth $409,000 after acquiring an additional 2,162 shares during the period. Virtu KCG Holdings LLC increased its holdings in shares of Ferrellgas Partners by 410.3% in the 2nd quarter. Virtu KCG Holdings LLC now owns 89,811 shares of the oil and gas company’s stock worth $411,000 after acquiring an additional 72,211 shares during the period. Finally, Royal Bank of Canada increased its holdings in shares of Ferrellgas Partners by 7.8% in the 2nd quarter. Royal Bank of Canada now owns 131,811 shares of the oil and gas company’s stock worth $604,000 after acquiring an additional 9,545 shares during the period. 6.43% of the stock is currently owned by institutional investors and hedge funds.

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Ferrellgas Partners Company Profile

Ferrellgas Partners, L.P. is engaged in the retail distribution of propane and related equipment sales, and midstream operations, which include crude oil logistics. The Company’s segments 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.

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