ValuEngine upgraded shares of Ferrellgas Partners (NYSE:FGP) from a hold rating to a buy rating in a research report sent to investors on Monday, ValuEngine reports.

Separately, Zacks Investment Research upgraded Ferrellgas Partners from a hold rating to a strong-buy rating and set a $1.00 target price on the stock in a report on Monday, August 19th.

FGP opened at $0.98 on Monday. Ferrellgas Partners has a 52-week low of $0.53 and a 52-week high of $2.91. The firm has a market capitalization of $100.07 million, a PE ratio of -2.28 and a beta of 2.52. The business’s 50-day simple moving average is $0.79 and its 200 day simple moving average is $1.07.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Regal Investment Advisors LLC bought a new stake in Ferrellgas Partners during the first quarter worth about $32,000. Nicolet Advisory Services LLC bought a new stake in Ferrellgas Partners during the first quarter worth about $39,000. Morgan Stanley raised its holdings in Ferrellgas Partners by 35.4% during the second quarter. Morgan Stanley now owns 987,137 shares of the oil and gas company’s stock worth $943,000 after acquiring an additional 257,906 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Ferrellgas Partners by 8,924.2% during the second quarter. JPMorgan Chase & Co. now owns 64,252 shares of the oil and gas company’s stock worth $62,000 after acquiring an additional 63,540 shares in the last quarter. Finally, Creative Planning raised its holdings in Ferrellgas Partners by 104.3% during the second quarter. Creative Planning now owns 56,005 shares of the oil and gas company’s stock worth $53,000 after acquiring an additional 28,586 shares in the last quarter. Institutional investors and hedge funds own 4.49% of the company’s stock.

About Ferrellgas Partners

Ferrellgas Partners, L.P. distributes and sells propane and related equipment and supplies. The company transports propane to propane distribution locations, tanks on customers' premises, or to portable propane tanks delivered to retailers. It conducts its portable tank exchange operations under the Blue Rhino brand name through a network of independent and partnership-owned distribution outlets.

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