An issue of Ferrellgas Partners, L.P. (NYSE:FGP) bonds rose 1.5% against their face value during trading on Thursday. The high-yield issue of debt has a 6.75% coupon and will mature on January 15, 2022. The bonds in the issue are now trading at $88.50 and were trading at $86.00 one week ago. Price moves in a company’s bonds in credit markets often predict parallel moves in its share price.

Several equities analysts recently commented on the stock. ValuEngine upgraded shares of Ferrellgas Partners from a “hold” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research cut shares of Ferrellgas Partners from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 4th. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. Ferrellgas Partners currently has an average rating of “Hold” and a consensus target price of $3.50.

NYSE:FGP traded up $0.01 during trading hours on Friday, hitting $2.01. 845,444 shares of the company traded hands, compared to its average volume of 286,835. The stock has a market cap of $214.71 million, a P/E ratio of -4.67 and a beta of 0.65. Ferrellgas Partners, L.P. has a twelve month low of $1.63 and a twelve month high of $5.07. The company has a debt-to-equity ratio of -2.01, a current ratio of 1.30 and a quick ratio of 1.00.

Ferrellgas Partners (NYSE:FGP) last released its earnings results on Thursday, September 27th. The oil and gas company reported ($2.20) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.41) by ($1.79). The company had revenue of $347.52 million for the quarter, compared to analysts’ expectations of $365.36 million. As a group, equities research analysts anticipate that Ferrellgas Partners, L.P. will post 0.07 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Friday, September 7th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 19.90%. The ex-dividend date of this dividend was Thursday, September 6th. Ferrellgas Partners’s payout ratio is currently -93.02%.

A number of institutional investors have recently made changes to their positions in the business. UBS Group AG increased its holdings in Ferrellgas Partners by 100.9% in the 1st quarter. UBS Group AG now owns 908,284 shares of the oil and gas company’s stock valued at $2,834,000 after buying an additional 456,130 shares during the period. GSA Capital Partners LLP increased its holdings in Ferrellgas Partners by 559.2% in the 1st quarter. GSA Capital Partners LLP now owns 247,802 shares of the oil and gas company’s stock valued at $773,000 after buying an additional 210,212 shares during the period. California Public Employees Retirement System increased its holdings in Ferrellgas Partners by 8.8% in the 2nd quarter. California Public Employees Retirement System now owns 232,890 shares of the oil and gas company’s stock valued at $783,000 after buying an additional 18,890 shares during the period. Arrow Investment Advisors LLC bought a new stake in Ferrellgas Partners in the 2nd quarter valued at $516,000. Finally, LPL Financial LLC increased its holdings in Ferrellgas Partners by 29.5% in the 1st quarter. LPL Financial LLC now owns 91,749 shares of the oil and gas company’s stock valued at $286,000 after buying an additional 20,909 shares during the period. 5.50% of the stock is currently owned by hedge funds and other institutional investors.

Ferrellgas Partners Company Profile (NYSE:FGP)

Ferrellgas Partners, L.P. distributes and sells propane and related equipment and supplies. The company transports propane to propane distribution locations, tanks on customers' premises, or to portable propane tanks delivered to retailers. It conducts its portable tank exchange operations under the Blue Rhino brand name through a network of independent and partnership-owned distribution outlets.

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