Shares of Ferrellgas Partners, L.P. (NYSE:FGP) have been given an average recommendation of “Hold” by the six research firms that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $5.33.
Several analysts recently weighed in on FGP shares. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $6.00 price objective on shares of Ferrellgas Partners in a research note on Monday, October 30th. Zacks Investment Research lowered Ferrellgas Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, BidaskClub raised Ferrellgas Partners from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 10th.
In other Ferrellgas Partners news, VP Trenton D. Hampton acquired 6,000 shares of Ferrellgas Partners stock in a transaction that occurred on Monday, October 16th. The shares were acquired at an average cost of $4.98 per share, with a total value of $29,880.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.48% of the company’s stock.
Ferrellgas Partners (NYSE:FGP) opened at $4.46 on Thursday. The company has a debt-to-equity ratio of -2.63, a quick ratio of 0.60 and a current ratio of 0.87. Ferrellgas Partners has a 12-month low of $4.22 and a 12-month high of $8.83.
Ferrellgas Partners (NYSE:FGP) last issued its quarterly earnings results on Thursday, September 28th. The oil and gas company reported ($0.57) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.48) by ($0.09). The company had revenue of $433.38 million during the quarter, compared to the consensus estimate of $431.74 million. During the same quarter in the prior year, the firm earned ($6.68) EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. research analysts predict that Ferrellgas Partners will post 0.19 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 8th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 8.97%. The ex-dividend date is Thursday, December 7th. Ferrellgas Partners’s dividend payout ratio (DPR) is presently -72.73%.
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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.
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