Shares of Ferrellgas Partners, L.P. (NYSE:FGP) have received an average recommendation of “Sell” from the eleven research firms that are currently covering the company. Seven equities research analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $14.17.

FGP has been the topic of a number of recent research reports. Zacks Investment Research upgraded Ferrellgas Partners, L.P. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Piper Jaffray Cos. initiated coverage on Ferrellgas Partners, L.P. in a research note on Monday, August 22nd. They set a “neutral” rating on the stock. Simmons restated a “neutral” rating and set a $20.00 price objective on shares of Ferrellgas Partners, L.P. in a research note on Monday, August 22nd. Janney Montgomery Scott began coverage on Ferrellgas Partners, L.P. in a research note on Wednesday, August 24th. They set a “neutral” rating and a $20.00 price objective on the stock. Finally, Citigroup Inc. cut Ferrellgas Partners, L.P. from a “neutral” rating to a “sell” rating and cut their price target for the stock from $15.50 to $14.00 in a research note on Tuesday, September 13th.

Ferrellgas Partners, L.P. (NYSE:FGP) opened at 7.48 on Thursday. The company’s 50-day moving average price is $9.20 and its 200-day moving average price is $16.24. Ferrellgas Partners, L.P. has a 1-year low of $7.00 and a 1-year high of $21.00. The stock’s market cap is $726.70 million.

Ferrellgas Partners, L.P. (NYSE:FGP) last issued its quarterly earnings data on Wednesday, September 28th. The company reported ($6.68) 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 the consensus estimate of $461.99 million. Ferrellgas Partners, L.P.’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.64) EPS. Analysts predict that Ferrellgas Partners, L.P. will post $0.15 EPS for the current year.

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

A number of hedge funds have recently made changes to their positions in FGP. Cetera Advisors LLC boosted its stake in shares of Ferrellgas Partners, L.P. by 1.4% in the third quarter. Cetera Advisors LLC now owns 10,536 shares of the company’s stock valued at $124,000 after buying an additional 149 shares during the last quarter. UMB Bank N A MO raised its position in Ferrellgas Partners, L.P. by 3.9% in the third quarter. UMB Bank N A MO now owns 10,735 shares of the company’s stock valued at $125,000 after buying an additional 400 shares during the period. Stock Yards Bank & Trust Co. bought a new position in Ferrellgas Partners, L.P. during the third quarter valued at approximately $135,000. Sigma Planning Corp bought a new position in Ferrellgas Partners, L.P. during the third quarter valued at approximately $137,000. Finally, Nwam LLC bought a new position in Ferrellgas Partners, L.P. during the third quarter valued at approximately $142,000.

About Ferrellgas Partners, L.P.

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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