Stock Worth Mentioning: Is Ferrellgas Partners, L.P. a Sell? The Stock Reaches 52 Week Low Today

Stock Worth Mentioning: Is Ferrellgas Partners, L.P. a Sell? The Stock Reaches 52 Week Low Today

The stock of Ferrellgas Partners, L.P. (NYSE:FGP) hit a new 52-week low and has $9.91 target or 7.00% below today’s $10.66 share price. The 8 months bearish chart indicates high risk for the $1.02B company. The 1-year low was reported on Oct, 3 by Barchart.com. If the $9.91 price target is reached, the company will be worth $71.40 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 8.42% or $0.98 on October 3, hitting $10.66. About 1.97 million shares traded hands or 181.42% up from the average. Ferrellgas Partners, L.P. (NYSE:FGP) has declined 37.22% since February 29, 2016 and is downtrending. It has underperformed by 49.43% the S&P500.

Analysts await Ferrellgas Partners, L.P. (NYSE:FGP) to report earnings on October, 4. They expect $-0.51 earnings per share, down 6.25% or $0.03 from last year’s $-0.48 per share. After $0.19 actual earnings per share reported by Ferrellgas Partners, L.P. for the previous quarter, Wall Street now forecasts -368.42% negative EPS growth.

Ferrellgas Partners, L.P. (NYSE:FGP) Ratings Coverage

Out of 9 analysts covering Ferrellgas Partners L.P. (NYSE:FGP), 0 rate it a “Buy”, 7 “Sell”, while 2 “Hold”. This means 0 are positive. Ferrellgas Partners L.P. has been the topic of 20 analyst reports since August 11, 2015 according to StockzIntelligence Inc. Janney Capital initiated the stock with “Neutral” rating in Wednesday, August 24 report. The stock of Ferrellgas Partners, L.P. (NYSE:FGP) has “Neutral” rating given on Tuesday, March 22 by Janney Capital. PiperJaffray downgraded Ferrellgas Partners, L.P. (NYSE:FGP) on Wednesday, September 28 to “Underweight” rating. The stock of Ferrellgas Partners, L.P. (NYSE:FGP) has “Sell” rating given on Friday, June 10 by UBS. The stock of Ferrellgas Partners, L.P. (NYSE:FGP) has “Underperform” rating given on Thursday, September 15 by RBC Capital Markets. On Wednesday, September 28 the stock rating was downgraded by JP Morgan to “Underweight”. The firm has “Underperform” rating given on Thursday, September 29 by RBC Capital Markets. The rating was initiated by Piperjaffray on Monday, August 22 with “Neutral”. PiperJaffray initiated Ferrellgas Partners, L.P. (NYSE:FGP) on Monday, August 22 with “Neutral” rating. The rating was initiated by Piper Jaffray with “Neutral” on Monday, August 22.

According to Zacks Investment Research, “FERRELLGAS PARTNERS, L.P. is engaged in the sale, distribution, marketing and trading of propane and other natural gas liquids.”

Insitutional Activity: The institutional sentiment decreased to 1.05 in Q2 2016. Its down 0.48, from 1.53 in 2016Q1. The ratio fall, as 18 funds sold all Ferrellgas Partners, L.P. shares owned while 21 reduced positions. 9 funds bought stakes while 32 increased positions. They now own 7.56 million shares or 2.23% less from 7.74 million shares in 2016Q1.
Us Savings Bank De has 11,572 shares for 0% of their US portfolio. Raymond James Assoc accumulated 0% or 18,004 shares. Livingston Group Incorporated Asset Management (Operating As Southport Management) holds 500 shares or 0.01% of its portfolio. Umb National Bank N A Mo has 0.01% invested in the company for 10,335 shares. Estabrook Cap Mgmt last reported 167 shares in the company. Wealthtrust accumulated 0.01% or 514 shares. Patten Gp Incorporated owns 200 shares or 0% of their US portfolio. Arrow Advsrs Ltd Limited Liability Company accumulated 38,699 shares or 0.16% of the stock. Mufg Americas has 0% invested in the company for 3,000 shares. Ladenburg Thalmann Fincl Svcs last reported 41,106 shares in the company. Pnc Svcs Grp holds 37,047 shares or 0% of its portfolio. Exane Derivatives owns 39 shares or 0% of their US portfolio. Commerce Comml Bank, a Missouri-based fund reported 14,671 shares. Albert D Mason holds 49,750 shares or 0.53% of its portfolio. Finemark Natl Bank Trust holds 500 shares or 0% of its portfolio.

More notable recent Ferrellgas Partners, L.P. (NYSE:FGP) news were published by: Seekingalpha.com which released: “Ferrellgas Partners: Another Lesson On Dividend Safety” on October 01, 2016, also Finance.Yahoo.com with their article: “Kirby McInerney LLP Announces Investigation on Behalf of Ferrellgas Partners …” published on September 30, 2016, Nasdaq.com published: “Ferrellgas Partners, L.P. Reports Fiscal 2016 Earnings” on September 28, 2016. More interesting news about Ferrellgas Partners, L.P. (NYSE:FGP) were released by: Finance.Yahoo.com and their article: “INVESTOR ALERT: Goldberg Law PC Announces an Investigation of Ferrellgas …” published on September 30, 2016 as well as Businesswire.com‘s news article titled: “INVESTOR ALERT: Investigation of Ferrellgas Partners LP Announced by Law …” with publication date: September 30, 2016.

FGP Company Profile

Ferrellgas Partners, L.P., incorporated on April 19, 1994, is engaged in the retail distribution of propane and related equipment sales, and midstream operations, which include crude oil logistics segment and water solutions segment. The Company’s two direct subsidiaries include Ferrellgas Partners Finance Corp. and the operating partnership. The Company’s assets are its approximate 99% limited partnership interest in the operating partnership and its 100% equity interest in Ferrellgas Partners Finance Corp. The Company’s general partner performs all management functions for the Company and holds a 1% general partner interest in Ferrellgas Partners and has an approximate 1% general partner interest in the operating partnership. It distributes propane and related equipment and supplies to clients in the United States. The Firm operates in three divisions: propane and related equipment sales, midstream activities – water solutions and midstream activities – crude oil logistics.

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