Ferrellgas Partners (OTCMKTS:FGPR) Hits New 52-Week High – Still a Buy?

Ferrellgas Partners, L.P. (OTCMKTS:FGPR) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $27.00 and last traded at $26.9999, with a volume of 8722 shares changing hands. The stock had previously closed at $25.22.

Ferrellgas Partners Price Performance

The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of -31.73 and a beta of 2.99. The business has a fifty day moving average price of $21.08 and a 200 day moving average price of $18.44.

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.