Ferrellgas Partners (FGP) Bonds Trading 2.8% Higher

An issue of Ferrellgas Partners, L.P. (NYSE:FGP) bonds rose 2.8% against their face value during trading on Wednesday. The debt issue has a 6.75% coupon and is set to mature on June 15, 2023. The debt is now trading at $95.25. Price changes in a company’s bonds in credit markets sometimes predict parallel changes in its share price.

A number of analysts have recently weighed in on the company. Royal Bank of Canada reaffirmed a “hold” rating and set a $6.00 price objective on shares of Ferrellgas Partners in a research report on Monday, October 30th. Raymond James Financial reaffirmed a “sell” rating on shares of Ferrellgas Partners in a research report on Thursday, December 7th. Zacks Investment Research lowered Ferrellgas Partners from a “buy” rating to a “hold” rating in a research report on Monday, December 4th. Finally, ValuEngine lowered Ferrellgas Partners from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. Five equities research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The company presently has an average rating of “Sell” and a consensus price target of $5.44.

Shares of Ferrellgas Partners, L.P. (NYSE FGP) opened at $4.57 on Friday. Ferrellgas Partners, L.P. has a 12-month low of $3.80 and a 12-month high of $8.83. The company has a debt-to-equity ratio of -2.28, a quick ratio of 0.41 and a current ratio of 0.58. The firm has a market capitalization of $447.87, a price-to-earnings ratio of -7.62 and a beta of 0.59.

Ferrellgas Partners (NYSE:FGP) last posted its earnings results on Thursday, December 7th. The oil and gas company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.22). The company had revenue of $454.70 million during the quarter, compared to analysts’ expectations of $431.30 million. Ferrellgas Partners’s revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.44) earnings per share. research analysts forecast that Ferrellgas Partners, L.P. will post 0.05 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 8th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 8.75%. The ex-dividend date of this dividend was Thursday, December 7th. Ferrellgas Partners’s dividend payout ratio (DPR) is presently -66.67%.

In other Ferrellgas Partners news, VP Trenton D. Hampton bought 6,000 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The shares were purchased at an average price of $4.98 per share, with a total value of $29,880.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.48% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Virtu KCG Holdings LLC increased its holdings in Ferrellgas Partners by 410.3% in 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 buying an additional 72,211 shares during the last quarter. GSA Capital Partners LLP boosted its stake in Ferrellgas Partners by 86.3% in the third quarter. GSA Capital Partners LLP now owns 315,391 shares of the oil and gas company’s stock valued at $1,621,000 after acquiring an additional 146,127 shares in the last quarter. Royal Bank of Canada boosted its stake in Ferrellgas Partners by 7.8% in the second quarter. Royal Bank of Canada now owns 131,811 shares of the oil and gas company’s stock valued at $604,000 after acquiring an additional 9,545 shares in the last quarter. PEAK6 Investments L.P. boosted its stake in Ferrellgas Partners by 283.5% in 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 acquiring an additional 15,257 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in Ferrellgas Partners by 2.5% in 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 acquiring an additional 2,162 shares in the last quarter. 6.34% of the stock is currently owned by hedge funds and other institutional investors.

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Ferrellgas Partners Company Profile

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.

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