An issue of Ferrellgas Partners, L.P. (NYSE:FGP) debt fell 1.7% against its face value during trading on Monday. The debt issue has a 6.5% coupon and will mature on May 1, 2021. The debt is now trading at $96.75 and was trading at $97.25 last week. Price changes in a company’s debt in credit markets often predict parallel changes in its share price.

A number of research analysts have recently weighed in on FGP shares. Royal Bank Of Canada reiterated a “hold” rating and set a $6.00 price target on shares of Ferrellgas Partners, L.P. in a report on Wednesday, September 27th. UBS AG reissued a “sell” rating and set a $5.00 price target (down from $5.50) on shares of Ferrellgas Partners, L.P. in a research report on Monday, June 12th. BidaskClub raised Ferrellgas Partners, L.P. from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 10th. Zacks Investment Research downgraded Ferrellgas Partners, L.P. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, ValuEngine upgraded Ferrellgas Partners, L.P. from a “strong sell” rating to a “sell” rating in a research report on Friday, July 7th. Four analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $8.67.

Shares of Ferrellgas Partners, L.P. (FGP) traded down 0.60% during midday trading on Wednesday, hitting $5.01. 29,400 shares of the company’s stock were exchanged. Ferrellgas Partners, L.P. has a 52 week low of $4.22 and a 52 week high of $11.20. The firm’s market cap is $486.73 million. The company has a 50-day moving average of $5.01 and a 200-day moving average of $5.25.

Ferrellgas Partners, L.P. (NYSE:FGP) last announced its earnings results on Thursday, September 28th. The oil and gas company reported ($0.57) EPS for the quarter, missing the consensus estimate of ($0.48) by ($0.09). The business had revenue of $433.38 million for the quarter, compared to analysts’ expectations of $431.74 million. During the same quarter in the prior year, the business earned ($6.68) EPS. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. Equities research analysts expect that Ferrellgas Partners, L.P. will post $0.14 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Thursday, September 7th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 7.94%. The ex-dividend date was Wednesday, September 6th. Ferrellgas Partners, L.P.’s dividend payout ratio is -72.73%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada lifted its position in Ferrellgas Partners, L.P. by 7.8% in the 2nd quarter. Royal Bank of Canada now owns 131,811 shares of the oil and gas company’s stock valued at $604,000 after acquiring an additional 9,545 shares in the last quarter. Virtu KCG Holdings LLC boosted its stake in Ferrellgas Partners, L.P. 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 purchasing an additional 72,211 shares during the period. GSA Capital Partners LLP boosted its stake in Ferrellgas Partners, L.P. by 28.8% in the 2nd quarter. GSA Capital Partners LLP now owns 169,264 shares of the oil and gas company’s stock worth $775,000 after purchasing an additional 37,864 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Ferrellgas Partners, L.P. by 1.2% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 155,570 shares of the oil and gas company’s stock worth $713,000 after purchasing an additional 1,873 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in Ferrellgas Partners, L.P. by 2.5% during 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 purchasing an additional 2,162 shares in the last quarter. 6.91% of the stock is currently owned by institutional investors and hedge funds.

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Ferrellgas Partners, L.P. 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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