A statement released earlier today by RBC Capital Markets about Ferrellgas Partners (NYSE:FGP) lowers the target price to $11.00
- Updated: October 1, 2016
Boasting a price of $13.00, Ferrellgas Partners (NYSE:FGP) traded -1.10% lower on the day. With the last stock price down -36.97% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. FGP has recorded a 50-day average of $18.30 and a two hundred day average of $18.47. Volume of trade was up over the average, with 2,158,074 shares of FGP changing hands over the typical 410,972
In a report released on 09/29/2016 RBC Capital Markets lowered the target price of Ferrellgas Partners (NYSE:FGP) from $13.00 to $11.00 stating a potential downside of -0.15%.
With a total market value of $0, Ferrellgas Partners has with a one year low of $11.27 and a one year high of $21.22 .
A total of 6 firms have reported on the stock. 0 firms rating the stock a strong buy, 0 analysts rating the company a buy, five analysts rating the company a hold, two analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $16.25.
Brief Synopsis On Ferrellgas Partners (NYSE:FGP)
Ferrellgas Partners, L.P. 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. Its assets are its approximate 99% limited partnership interest in the operating partnership and its 100% equity interest in Ferrellgas Partners Finance Corp. Its 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 customers in the United States. The Company operates in three segments: propane and related equipment sales, midstream operations – water solutions and midstream operations – crude oil logistics.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.