Ferrellgas Partners, L.P. (NYSE:FGP) has been given a consensus rating of “Hold” by the eleven brokerages that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $10.56.

Several brokerages have weighed in on FGP. Zacks Investment Research downgraded Ferrellgas Partners, L.P. from a “hold” rating to a “sell” rating in a research note on Wednesday. UBS AG reiterated a “sell” rating and issued a $5.00 target price (down from $5.50) on shares of Ferrellgas Partners, L.P. in a research note on Monday, June 12th. Finally, ValuEngine downgraded Ferrellgas Partners, L.P. from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd.

A number of hedge funds have recently bought and sold shares of FGP. KCG Holdings Inc. purchased a new stake in Ferrellgas Partners, L.P. during the first quarter worth approximately $106,000. Alliancebernstein L.P. increased its stake in Ferrellgas Partners, L.P. by 40.6% in the first quarter. Alliancebernstein L.P. now owns 18,208 shares of the oil and gas company’s stock worth $109,000 after buying an additional 5,257 shares during the last quarter. Brookstone Capital Management increased its stake in Ferrellgas Partners, L.P. by 7.2% in the first quarter. Brookstone Capital Management now owns 23,885 shares of the oil and gas company’s stock worth $143,000 after buying an additional 1,600 shares during the last quarter. Nwam LLC increased its stake in Ferrellgas Partners, L.P. by 149.4% in the first quarter. Nwam LLC now owns 25,627 shares of the oil and gas company’s stock worth $154,000 after buying an additional 15,350 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in Ferrellgas Partners, L.P. during the first quarter worth approximately $166,000. Institutional investors own 7.03% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Ferrellgas Partners, L.P. (NYSE:FGP) Receives $11.67 Consensus Price Target from Brokerages” was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/08/10/ferrellgas-partners-l-p-nysefgp-given-consensus-recommendation-of-hold-by-brokerages-updated-updated-updated.html.

Shares of Ferrellgas Partners, L.P. (FGP) opened at 4.80 on Monday. The company’s 50-day moving average is $4.58 and its 200-day moving average is $5.73. Ferrellgas Partners, L.P. has a 12-month low of $4.22 and a 12-month high of $20.55. The company’s market capitalization is $466.33 million.

Ferrellgas Partners, L.P. (NYSE:FGP) last announced its earnings results on Friday, June 9th. The oil and gas company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.10 by $0.03. The business had revenue of $538.10 million during the quarter, compared to the consensus estimate of $576.92 million. During the same quarter in the prior year, the business earned $0.19 EPS. The company’s revenue was up 5.6% on a year-over-year basis. Analysts predict that Ferrellgas Partners, L.P. will post ($0.47) EPS 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. 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.

Analyst Recommendations for Ferrellgas Partners, L.P. (NYSE:FGP)

Receive News & Stock Ratings for Ferrellgas Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferrellgas Partners L.P. and related stocks with our FREE daily email newsletter.