Ferrellgas Partners (FGP) Receiving Somewhat Positive News Coverage, Analysis Shows

News coverage about Ferrellgas Partners (NYSE:FGP) has trended somewhat positive recently, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ferrellgas Partners earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave press coverage about the oil and gas company an impact score of 45.8593053234778 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

FGP stock traded down $0.09 during midday trading on Wednesday, reaching $3.32. 165,040 shares of the company’s stock traded hands, compared to its average volume of 258,743. The company has a debt-to-equity ratio of -2.46, a current ratio of 1.08 and a quick ratio of 0.81. Ferrellgas Partners has a 52 week low of $2.87 and a 52 week high of $5.75. The stock has a market capitalization of $325.46 million, a price-to-earnings ratio of -6.04 and a beta of 0.57.

Ferrellgas Partners (NYSE:FGP) last issued its earnings results on Thursday, June 7th. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.06). The business had revenue of $515.81 million for the quarter, compared to analyst estimates of $621.28 million. equities research analysts anticipate that Ferrellgas Partners will post -0.23 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 14th. Shareholders of record on Thursday, June 7th were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, June 6th. This represents a $0.40 dividend on an annualized basis and a yield of 12.05%. Ferrellgas Partners’s payout ratio is -72.73%.

A number of research firms recently commented on FGP. ValuEngine raised shares of Ferrellgas Partners from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 2nd. Zacks Investment Research raised shares of Ferrellgas Partners from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 8th. Finally, UBS Group lowered their price target on shares of Ferrellgas Partners from $4.00 to $2.00 and set a “sell” rating on the stock in a report on Thursday, March 29th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $4.25.

About Ferrellgas Partners

Ferrellgas Partners, L.P. distributes and sells propane and related equipment and supplies primarily in the United States. It operates in two segments, Propane Operations and Related Equipment Sales, and Midstream Operations. The company transports propane to propane distribution locations, tanks on customers' premises, or to portable propane tanks delivered to retailers.

Insider Buying and Selling by Quarter for Ferrellgas Partners (NYSE:FGP)

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