Ferrellgas Partners Hits New 52-Week High at $24.74 (FGP)
Shares of Ferrellgas Partners (NYSE:FGP) hit a new 52-week high during mid-day trading on Monday, AnalystRatings.Net reports. The stock traded as high as $24.74 and last traded at $24.69, with a volume of 370,351 shares trading hands. The stock had previously closed at $23.83.
A number of analysts have recently weighed in on FGP shares. Analysts at Zacks reiterated a “neutral” rating on shares of Ferrellgas Partners in a research note to investors on Tuesday, December 10th. They now have a $24.00 price target on the stock.
Ferrellgas Partners has a one year low of $18.10 and a one year high of $24.70. The stock has a 50-day moving average of $23.29 and a 200-day moving average of $22.85. The company has a market cap of $1.949 billion and a P/E ratio of 38.62.
Ferrellgas Partners (NYSE:FGP) last released its earnings data on Friday, December 6th. The company reported ($0.31) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.20) by $0.11. The company had revenue of $415.03 million for the quarter, compared to the consensus estimate of $390.41 million. During the same quarter last year, the company posted ($0.22) earnings per share. Ferrellgas Partners’s revenue was up 14.4% compared to the same quarter last year. On average, analysts predict that Ferrellgas Partners will post $0.94 earnings per share for the current fiscal year.
Ferrellgas Partners, L.P. (NYSE:FGP) is a distributor of propane and related equipment and supplies to customers primarily in the United States and conduct its business as a single reportable operating segment.
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