Ferrellgas Partners, L.P. (NYSE:FGP) has received an average recommendation of “Sell” from the eleven research firms that are presently covering the stock. Eight equities research analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $14.67.

A number of analysts have issued reports on the company. Simmons reissued a “neutral” rating and issued a $20.00 target price on shares of Ferrellgas Partners, L.P. in a research report on Monday, August 22nd. Piper Jaffray Cos. assumed coverage on Ferrellgas Partners, L.P. in a research report on Monday, August 22nd. They issued a “neutral” rating for the company. Janney Montgomery Scott assumed coverage on Ferrellgas Partners, L.P. in a research report on Wednesday, August 24th. They issued a “neutral” rating and a $20.00 price target for the company. Zacks Investment Research upgraded Ferrellgas Partners, L.P. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Finally, Citigroup Inc. cut Ferrellgas Partners, L.P. from a “neutral” rating to a “sell” rating and reduced their price target for the company from $15.50 to $14.00 in a research report on Tuesday, September 13th.

In other news, Director Stephen M. Clifford purchased 4,000 shares of the company’s stock in a transaction on Thursday, October 6th. The stock was purchased at an average price of $10.84 per share, with a total value of $43,360.00. Following the completion of the purchase, the director now directly owns 7,000 shares in the company, valued at approximately $75,880. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David L. Starling purchased 10,300 shares of the company’s stock in a transaction on Tuesday, October 4th. The shares were purchased at an average cost of $9.50 per share, with a total value of $97,850.00. Following the purchase, the director now owns 8,640 shares of the company’s stock, valued at $82,080. The disclosure for this purchase can be found here.

A number of large investors have recently modified their holdings of FGP. Stifel Financial Corp raised its stake in shares of Ferrellgas Partners, L.P. by 0.8% in the second quarter. Stifel Financial Corp now owns 12,603 shares of the company’s stock valued at $233,000 after buying an additional 95 shares during the period. Financial Advisory Service Inc. raised its stake in shares of Ferrellgas Partners, L.P. by 2.0% in the second quarter. Financial Advisory Service Inc. now owns 13,841 shares of the company’s stock valued at $256,000 after buying an additional 271 shares during the period. Alliancebernstein L.P. raised its stake in shares of Ferrellgas Partners, L.P. by 2.5% in the second quarter. Alliancebernstein L.P. now owns 11,419 shares of the company’s stock valued at $211,000 after buying an additional 279 shares during the period. UMB Bank N A MO raised its stake in shares of Ferrellgas Partners, L.P. by 3.0% in the second quarter. UMB Bank N A MO now owns 10,335 shares of the company’s stock valued at $191,000 after buying an additional 300 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Ferrellgas Partners, L.P. by 6.8% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 29,410 shares of the company’s stock valued at $512,000 after buying an additional 1,870 shares during the period.

Ferrellgas Partners, L.P. (NYSE:FGP) opened at 10.58 on Thursday. Ferrellgas Partners, L.P. has a 12-month low of $9.12 and a 12-month high of $21.00. The firm’s market cap is $1.03 billion. The company has a 50-day moving average price of $15.28 and a 200-day moving average price of $17.95.

Ferrellgas Partners, L.P. (NYSE:FGP) last released its earnings results on Wednesday, September 28th. The company reported ($6.68) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.42) by $6.26. The business earned $409.50 million during the quarter, compared to analyst estimates of $461.99 million. During the same period in the prior year, the company earned ($0.64) earnings per share. Ferrellgas Partners, L.P.’s revenue was up 7.1% on a year-over-year basis. On average, analysts predict that Ferrellgas Partners, L.P. will post $0.26 earnings per share for the current year.

Ferrellgas Partners, L.P. Company Profile

Ferrellgas Partners, L.P. is engaged in the retail distribution of propane and related equipment sales, and midstream operations, which include crude oil logistics segment and water solutions segment. The Company’s two direct subsidiaries include Ferrellgas Partners Finance Corp. and the operating partnership.

5 Day Chart for NYSE:FGP

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