Ferrellgas Partners (FGP) Rating Reiterated by Royal Bank of Canada

Royal Bank of Canada reissued their hold rating on shares of Ferrellgas Partners (NYSE:FGP) in a report published on Tuesday morning. Royal Bank of Canada currently has a $5.00 target price on the oil and gas company’s stock.

Several other equities research analysts also recently commented on the company. Citigroup downgraded Ferrellgas Partners from a buy rating to a neutral rating in a report on Tuesday, January 9th. ValuEngine downgraded Ferrellgas Partners from a sell rating to a strong sell rating in a report on Sunday, December 31st. Zacks Investment Research downgraded Ferrellgas Partners from a hold rating to a strong sell rating in a report on Monday, December 11th. Finally, Raymond James Financial reiterated a sell rating on shares of Ferrellgas Partners in a report on Thursday, December 7th. Five equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock has a consensus rating of Sell and a consensus target price of $5.19.

Shares of Ferrellgas Partners (FGP) traded down $0.04 during trading hours on Tuesday, hitting $4.04. The stock had a trading volume of 259,579 shares, compared to its average volume of 473,509. Ferrellgas Partners has a 1 year low of $3.80 and a 1 year high of $8.67. The company has a quick ratio of 0.41, a current ratio of 0.58 and a debt-to-equity ratio of -2.28.

Ferrellgas Partners (NYSE:FGP) last released its quarterly earnings data on Thursday, December 7th. The oil and gas company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.22). The company had revenue of $454.70 million during the quarter, compared to the consensus estimate of $431.30 million. During the same period last year, the firm earned ($0.44) EPS. The business’s quarterly revenue was up 19.8% compared to the same quarter last year. sell-side analysts predict that Ferrellgas Partners will post 0.05 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP increased its holdings in Ferrellgas Partners by 86.3% in the 3rd quarter. GSA Capital Partners LLP now owns 315,391 shares of the oil and gas company’s stock worth $1,621,000 after buying an additional 146,127 shares in the last quarter. Virtu KCG Holdings LLC grew its stake in shares of Ferrellgas Partners by 410.3% during the 2nd quarter. Virtu KCG Holdings LLC now owns 89,811 shares of the oil and gas company’s stock valued at $411,000 after purchasing an additional 72,211 shares during the period. Royal Bank of Canada grew its stake in shares of Ferrellgas Partners by 7.8% during the 2nd quarter. Royal Bank of Canada now owns 131,811 shares of the oil and gas company’s stock valued at $604,000 after purchasing an additional 9,545 shares during the period. Finally, PEAK6 Investments L.P. grew its stake in shares of Ferrellgas Partners by 283.5% during the 3rd quarter. PEAK6 Investments L.P. now owns 20,639 shares of the oil and gas company’s stock valued at $106,000 after purchasing an additional 15,257 shares during the period. Institutional investors own 6.34% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Ferrellgas Partners (FGP) Rating Reiterated by Royal Bank of Canada” was posted by BBNS and is owned by of BBNS. If you are reading this news story on another domain, it was stolen and republished in violation of U.S. & international trademark & copyright law. The original version of this news story can be read at https://baseballnewssource.com/markets/ferrellgas-partners-fgp-rating-reiterated-by-royal-bank-of-canada/1848560.html.

About Ferrellgas Partners

Ferrellgas Partners, L.P. is engaged in the retail distribution of propane and related equipment sales, and midstream operations, which include crude oil logistics. The Company’s segments include propane and related equipment sales, midstream operations-crude oil logistics, and corporate and other. The propane and related equipment sales segment consists of the distribution of propane and related equipment and supplies.

Receive News & Ratings for Ferrellgas Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferrellgas Partners and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Cubs Sign Free Agent Yu Darvish
Cubs Sign Free Agent Yu Darvish
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped
Giants Will Retire No. 25 of Barry Bonds in August
Giants Will Retire No. 25 of Barry Bonds in August


Leave a Reply

 
© 2006-2018 BBNS.