Shares of Ferrellgas Partners, L.P. (NYSE:FGP) have been assigned an average rating of “Hold” from the ten brokerages that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $11.67.

FGP has been the subject of several research reports. Zacks Investment Research raised shares of Ferrellgas Partners, L.P. from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. ValuEngine cut shares of Ferrellgas Partners, L.P. from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $6.00 price target on shares of Ferrellgas Partners, L.P. in a research note on Friday, March 24th. Finally, Bank of America Corporation set a $5.00 price target on shares of Ferrellgas Partners, L.P. and gave the stock a “sell” rating in a research note on Saturday, March 11th.

Shares of Ferrellgas Partners, L.P. (NYSE FGP) opened at 5.28 on Tuesday. The firm’s market capitalization is $512.96 million. Ferrellgas Partners, L.P. has a 1-year low of $4.96 and a 1-year high of $20.55. The firm has a 50-day moving average of $5.67 and a 200-day moving average of $6.41.

Ferrellgas Partners, L.P. (NYSE:FGP) last issued its quarterly 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 firm had revenue of $538.10 million for the quarter, compared to the consensus estimate of $576.92 million. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.19 earnings per share. On average, equities research analysts anticipate that Ferrellgas Partners, L.P. will post ($0.46) EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 14th. Investors of record on Wednesday, June 7th will be paid a $0.10 dividend. The ex-dividend date is Monday, June 5th. This represents a $0.40 annualized dividend and a dividend yield of 7.58%. Ferrellgas Partners, L.P.’s dividend payout ratio is presently -6.01%.

In other news, Director Pamela A. Breuckmann bought 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 23rd. The stock was acquired at an average cost of $5.82 per share, with a total value of $104,760.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.48% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in FGP. Arrowpoint Asset Management LLC purchased a new position in Ferrellgas Partners, L.P. during the fourth quarter valued at $3,059,000. Van ECK Associates Corp boosted its position in Ferrellgas Partners, L.P. by 208.2% in the first quarter. Van ECK Associates Corp now owns 643,150 shares of the oil and gas company’s stock valued at $3,859,000 after buying an additional 434,476 shares in the last quarter. Prescott Group Capital Management L.L.C. boosted its position in Ferrellgas Partners, L.P. by 272.4% in the first quarter. Prescott Group Capital Management L.L.C. now owns 350,823 shares of the oil and gas company’s stock valued at $2,105,000 after buying an additional 256,617 shares in the last quarter. UBS Group AG boosted its position in Ferrellgas Partners, L.P. by 50.7% in the first quarter. UBS Group AG now owns 719,179 shares of the oil and gas company’s stock valued at $4,315,000 after buying an additional 241,975 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in Ferrellgas Partners, L.P. during the fourth quarter valued at $988,000. 6.69% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “Ferrellgas Partners, L.P. (FGP) Receives Average Recommendation of “Hold” from Analysts” was first posted by American Banking News and is owned by of American Banking News. If you are reading this story on another publication, it was copied illegally and reposted in violation of international trademark & copyright law. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/06/13/ferrellgas-partners-l-p-fgp-receives-average-recommendation-of-hold-from-analysts.html.

About Ferrellgas Partners, L.P.

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.

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.