Ferrellgas Partners, L.P. (NYSE:FGP)’s share price hit a new 52-week low on Friday . The stock traded as low as $2.70 and last traded at $2.83, with a volume of 18135 shares changing hands. The stock had previously closed at $2.97.
Several equities analysts have weighed in on FGP shares. Zacks Investment Research raised Ferrellgas Partners from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. ValuEngine raised Ferrellgas Partners from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Ferrellgas Partners presently has an average rating of “Hold” and a consensus price target of $4.25.
The firm has a market cap of $295.34 million, a price-to-earnings ratio of -5.40 and a beta of 0.60. The company has a quick ratio of 0.81, a current ratio of 1.08 and a debt-to-equity ratio of -2.46.
Ferrellgas Partners (NYSE:FGP) last announced its quarterly earnings data on Thursday, June 7th. The oil and gas company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.06). The business had revenue of $515.81 million during the quarter, compared to analyst estimates of $621.28 million. equities analysts anticipate that Ferrellgas Partners, L.P. will post -0.23 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Friday, September 7th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 14.08%. The ex-dividend date is Thursday, September 6th. Ferrellgas Partners’s payout ratio is currently -72.73%.
Several institutional investors have recently bought and sold shares of the company. California Public Employees Retirement System boosted its holdings in shares of Ferrellgas Partners by 8.8% in the second quarter. California Public Employees Retirement System now owns 232,890 shares of the oil and gas company’s stock worth $783,000 after acquiring an additional 18,890 shares during the period. First Republic Investment Management Inc. bought a new position in shares of Ferrellgas Partners in the second quarter worth $118,000. Arrow Investment Advisors LLC bought a new position in shares of Ferrellgas Partners in the second quarter worth $516,000. Sei Investments Co. boosted its holdings in shares of Ferrellgas Partners by 5,831.6% in the second quarter. Sei Investments Co. now owns 29,658 shares of the oil and gas company’s stock worth $100,000 after acquiring an additional 29,158 shares during the period. Finally, LPL Financial LLC boosted its holdings in shares of Ferrellgas Partners by 29.5% in the first quarter. LPL Financial LLC now owns 91,749 shares of the oil and gas company’s stock worth $286,000 after acquiring an additional 20,909 shares during the period. 5.50% of the stock is owned by hedge funds and other institutional investors.
About Ferrellgas Partners (NYSE:FGP)
Ferrellgas Partners, L.P. distributes and sells propane and related equipment and supplies primarily in the United States. It operates in two segments, Propane Operations and Related Equipment Sales, and Midstream Operations. The company transports propane to propane distribution locations, tanks on customers' premises, or to portable propane tanks delivered to retailers.
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