Ferrellgas Partners (OTCMKTS:FGPR) Sets New 1-Year High – Should You Buy?

Shares of Ferrellgas Partners, L.P. (OTCMKTS:FGPR) hit a new 52-week high on Thursday . The stock traded as high as $27.20 and last traded at $27.19, with a volume of 3385 shares changing hands. The stock had previously closed at $26.80.

Ferrellgas Partners Stock Performance

The firm has a 50-day moving average of $22.46 and a 200-day moving average of $19.21. The firm has a market capitalization of $2.64 billion, a P/E ratio of -31.99 and a beta of 2.99.

About Ferrellgas Partners

Ferrellgas Partners, L.P. (OTCMKTS:FGPR) is a master limited partnership that operates as the retail propane distribution arm of Ferrellgas, Inc, one of the largest retail propane providers in the United States. Headquartered in Liberty, Missouri, the partnership was formed in 1997 to acquire and manage propane assets and inventory in support of Ferrellgas’s nationwide network.

The company’s primary business activities include the procurement, transportation and distribution of propane to residential, commercial, industrial and agricultural customers.