An issue of Ferrellgas Partners, L.P. (NYSE:FGP) bonds rose 1.3% against their face value during trading on Thursday. The high-yield issue of debt has a 8.625% coupon and will mature on June 15, 2020. The bonds in the issue are now trading at $90.50. Price moves in a company’s bonds in credit markets sometimes anticipate parallel moves in its stock price.

Several research firms recently commented on FGP. BidaskClub upgraded shares of Ferrellgas Partners, L.P. from a “strong sell” rating to a “sell” rating in a report on Thursday, August 10th. Zacks Investment Research cut shares of Ferrellgas Partners, L.P. from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Royal Bank Of Canada restated a “hold” rating and set a $6.00 price target on shares of Ferrellgas Partners, L.P. in a report on Wednesday, September 27th. Finally, ValuEngine upgraded shares of Ferrellgas Partners, L.P. from a “strong sell” rating to a “sell” rating in a report on Friday, July 7th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Ferrellgas Partners, L.P. has a consensus rating of “Hold” and an average target price of $8.18.

Ferrellgas Partners, L.P. (NYSE FGP) traded down 0.82% during mid-day trading on Thursday, hitting $4.82. 242,983 shares of the company traded hands. The company’s market capitalization is $468.27 million. The company’s 50-day moving average price is $5.11 and its 200 day moving average price is $5.16. Ferrellgas Partners, L.P. has a one year low of $4.22 and a one year high of $10.68.

Ferrellgas Partners, L.P. (NYSE:FGP) last issued its quarterly earnings data on Thursday, September 28th. The oil and gas company reported ($0.57) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.48) by ($0.09). The company had revenue of $433.38 million during the quarter, compared to analyst estimates of $431.74 million. During the same period in the previous year, the company earned ($6.68) EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, analysts anticipate that Ferrellgas Partners, L.P. will post $0.15 earnings per share for the current fiscal year.

In other news, VP Trenton D. Hampton purchased 6,000 shares of Ferrellgas Partners, L.P. stock in a transaction on Monday, October 16th. The stock was purchased at an average price of $4.98 per share, with a total value of $29,880.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.48% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in FGP. KCG Holdings Inc. acquired a new position in Ferrellgas Partners, L.P. during the 1st quarter worth approximately $106,000. Alliancebernstein L.P. boosted its position in Ferrellgas Partners, L.P. by 40.6% during the 1st quarter. Alliancebernstein L.P. now owns 18,208 shares of the oil and gas company’s stock worth $109,000 after acquiring an additional 5,257 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Ferrellgas Partners, L.P. during the 1st quarter worth approximately $166,000. Cambridge Investment Research Advisors Inc. boosted its position in Ferrellgas Partners, L.P. by 2.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 89,372 shares of the oil and gas company’s stock worth $409,000 after acquiring an additional 2,162 shares during the last quarter. Finally, Virtu KCG Holdings LLC boosted its position in Ferrellgas Partners, L.P. by 410.3% during the 2nd quarter. Virtu KCG Holdings LLC now owns 89,811 shares of the oil and gas company’s stock worth $411,000 after acquiring an additional 72,211 shares during the last quarter. 6.91% of the stock is owned by hedge funds and other institutional investors.

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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.

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