An issue of Ferrellgas Partners, L.P. (NYSE:FGP) debt fell 1% as a percentage of its face value during trading on Wednesday. The high-yield issue of debt has a 6.75% coupon and will mature on January 15, 2022. The debt is now trading at $94.50 and was trading at $97.50 one week ago. Price changes in a company’s debt in credit markets often anticipate parallel changes in its stock price.

Several equities analysts recently issued reports on FGP shares. BidaskClub upgraded Ferrellgas Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Royal Bank Of Canada restated a “hold” rating and issued a $6.00 price target on shares of Ferrellgas Partners, L.P. in a research report on Wednesday, September 27th. UBS AG restated a “sell” rating and issued a $5.00 price target (down previously from $5.50) on shares of Ferrellgas Partners, L.P. in a research report on Monday, June 12th. Zacks Investment Research cut Ferrellgas Partners, L.P. from a “hold” rating to a “sell” rating in a research report 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 research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Ferrellgas Partners, L.P. presently has an average rating of “Hold” and an average price target of $8.67.

Shares of Ferrellgas Partners, L.P. (FGP) traded down 0.20% during trading on Wednesday, reaching $5.03. The company had a trading volume of 175,441 shares. Ferrellgas Partners, L.P. has a 52-week low of $4.22 and a 52-week high of $11.20. The stock has a 50 day moving average of $5.02 and a 200 day moving average of $5.24. The stock’s market capitalization is $488.67 million.

Ferrellgas Partners, L.P. (NYSE:FGP) last announced its quarterly 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 the consensus estimate of $431.74 million. During the same quarter in the prior year, the firm earned ($6.68) EPS. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. Equities research analysts forecast that Ferrellgas Partners, L.P. will post $0.14 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Thursday, September 7th were paid a $0.10 dividend. The ex-dividend date was Wednesday, September 6th. This represents a $0.40 annualized dividend and a dividend yield of 7.95%. Ferrellgas Partners, L.P.’s payout ratio is currently -72.73%.

Large investors have recently made changes to their positions in the business. Morgan Stanley increased its stake in shares of Ferrellgas Partners, L.P. by 13.2% in the first quarter. Morgan Stanley now owns 346,912 shares of the oil and gas company’s stock valued at $2,082,000 after purchasing an additional 40,533 shares during the period. Bank of America Corp DE increased its stake in shares of Ferrellgas Partners, L.P. by 38.6% in the first quarter. Bank of America Corp DE now owns 170,559 shares of the oil and gas company’s stock valued at $1,024,000 after purchasing an additional 47,533 shares during the period. UBS Group AG increased its stake in shares of Ferrellgas Partners, L.P. by 50.7% in the first quarter. UBS Group AG now owns 719,179 shares of the oil and gas company’s stock valued at $4,315,000 after purchasing an additional 241,975 shares during the period. Wells Fargo & Company MN increased its stake in shares of Ferrellgas Partners, L.P. by 52.9% in the first quarter. Wells Fargo & Company MN now owns 211,506 shares of the oil and gas company’s stock valued at $1,268,000 after purchasing an additional 73,177 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of Ferrellgas Partners, L.P. by 16.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 87,210 shares of the oil and gas company’s stock valued at $523,000 after purchasing an additional 12,117 shares during the period. Institutional investors own 6.91% of the company’s stock.

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About Ferrellgas Partners, L.P.

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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