Ferrellgas Partners (OTCMKTS:FGPR) Sets New 12-Month High – Time to Buy?

Ferrellgas Partners, L.P. (OTCMKTS:FGPR)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $27.1130 and last traded at $26.46, with a volume of 7864 shares. The stock had previously closed at $27.00.

Ferrellgas Partners Stock Performance

The business’s fifty day moving average price is $22.00 and its two-hundred day moving average price is $18.93. The stock has a market capitalization of $2.54 billion, a P/E ratio of -30.71 and a beta of 2.99.

Ferrellgas Partners Company Profile

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.