Ferrellgas Partners, L.P. (NYSE:FGP)’s share price rose 13.6% during mid-day trading on Thursday . The company traded as high as $2.04 and last traded at $2.00. Approximately 1,304,826 shares were traded during mid-day trading, an increase of 359% from the average daily volume of 284,000 shares. The stock had previously closed at $1.76.

FGP has been the topic of a number of research reports. Zacks Investment Research upgraded Ferrellgas Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. ValuEngine upgraded Ferrellgas Partners from a “hold” rating to a “buy” rating in a research note on Tuesday. Three investment 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. The company has a consensus rating of “Hold” and an average target price of $3.50.

The company has a market capitalization of $214.71 million, a PE ratio of -4.67 and a beta of 0.65. The company has a quick ratio of 1.00, a current ratio of 1.30 and a debt-to-equity ratio of -2.01.

Ferrellgas Partners (NYSE:FGP) last released its quarterly earnings results on Thursday, September 27th. The oil and gas company reported ($2.20) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.41) by ($1.79). The firm had revenue of $347.52 million during the quarter, compared to analysts’ expectations of $365.36 million. As a group, analysts forecast 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 issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $0.40 dividend on an annualized basis and a yield of 19.90%. Ferrellgas Partners’s dividend payout ratio is currently -93.02%.

Institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN raised its holdings in Ferrellgas Partners by 192.0% in the 1st quarter. Wells Fargo & Company MN now owns 47,415 shares of the oil and gas company’s stock worth $149,000 after purchasing an additional 31,175 shares during the period. First Republic Investment Management Inc. bought a new position in Ferrellgas Partners in the 2nd quarter worth $118,000. Arrow Investment Advisors LLC bought a new position in Ferrellgas Partners in the 2nd quarter worth $516,000. UBS Group AG raised 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 worth $2,834,000 after purchasing an additional 456,130 shares during the period. Finally, GSA Capital Partners LLP raised 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 worth $773,000 after purchasing an additional 210,212 shares during the period. 5.50% of the stock is currently owned by 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.

See Also: Intrinsic Value

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