Shares of Ferrellgas Partners, L.P. (NYSE:FGP) have been given an average recommendation of “Hold” by the six research firms that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $5.33.

Several analysts recently weighed in on FGP shares. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $6.00 price objective on shares of Ferrellgas Partners in a research note on Monday, October 30th. Zacks Investment Research lowered Ferrellgas Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, BidaskClub raised Ferrellgas Partners from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 10th.

In other Ferrellgas Partners news, VP Trenton D. Hampton acquired 6,000 shares of Ferrellgas Partners stock in a transaction that occurred on Monday, October 16th. The shares were acquired at an average cost of $4.98 per share, with a total value of $29,880.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.48% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. KCG Holdings Inc. acquired a new stake in shares of Ferrellgas Partners during the first quarter valued at about $106,000. PEAK6 Investments L.P. boosted its stake in shares of Ferrellgas Partners by 283.5% during the third quarter. PEAK6 Investments L.P. now owns 20,639 shares of the oil and gas company’s stock valued at $106,000 after purchasing an additional 15,257 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Ferrellgas Partners by 40.6% during the first quarter. Alliancebernstein L.P. now owns 18,208 shares of the oil and gas company’s stock valued at $109,000 after purchasing an additional 5,257 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Ferrellgas Partners by 2.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 89,372 shares of the oil and gas company’s stock valued at $409,000 after purchasing an additional 2,162 shares in the last quarter. Finally, Virtu KCG Holdings LLC boosted its stake in shares of Ferrellgas Partners by 410.3% during the second quarter. Virtu KCG Holdings LLC now owns 89,811 shares of the oil and gas company’s stock valued at $411,000 after purchasing an additional 72,211 shares in the last quarter. 6.43% of the stock is currently owned by hedge funds and other institutional investors.

Ferrellgas Partners (NYSE:FGP) opened at $4.46 on Thursday. The company has a debt-to-equity ratio of -2.63, a quick ratio of 0.60 and a current ratio of 0.87. Ferrellgas Partners has a 12-month low of $4.22 and a 12-month high of $8.83.

Ferrellgas Partners (NYSE:FGP) last issued its quarterly earnings results on Thursday, September 28th. The oil and gas company reported ($0.57) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.48) by ($0.09). The company had revenue of $433.38 million during the quarter, compared to the consensus estimate of $431.74 million. During the same quarter in the prior year, the firm earned ($6.68) EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. research analysts predict that Ferrellgas Partners will post 0.19 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 8th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 8.97%. The ex-dividend date is Thursday, December 7th. Ferrellgas Partners’s dividend payout ratio (DPR) is presently -72.73%.

COPYRIGHT VIOLATION NOTICE: “Ferrellgas Partners, L.P. (FGP) Given Average Rating of “Hold” by Analysts” was originally posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/12/07/ferrellgas-partners-l-p-fgp-given-average-rating-of-hold-by-analysts.html.

About Ferrellgas Partners

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.