Ferrellgas Partners, L.P. (NYSE:FGP) has been downgraded to Strong Sell in a report by Zacks Investment Research today.
- Updated: November 29, 2016
Boasting a price of $6.25, Ferrellgas Partners, L.P. (NYSE:FGP) traded -4.58% lower on the day. With the last stock price close down -60.59% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the same period. Ferrellgas Partners, L.P. has recorded a 50-day average of $8.76 and a two hundred day average of $15.86. Volume of trade was up over the average, with 1,835,134 shares of FGP changing hands over the typical 863,873
Zacks Investment Research has downgraded Ferrellgas Partners, L.P. (NYSE:FGP) to Strong Sell in a report released on Tuesday November 29, 2016.
On 12/11/2015, Barclays Capital released a statement on Ferrellgas Partners, L.P. (NYSE:FGP) dropped the target price from $18.00 to $15.00 that suggested a downside of -0.03%.
With a total market value of $0, Ferrellgas Partners, L.P. has 52 week low of $6.05 and a 52 week high of $21.00 .
In addition to Zacks Investment Research reporting its target price, a total of 6 firms have reported on the stock. The consensus target price is $16.25 with 0 firms rating the stock a strong buy, 0 brokerages rating the stock a buy, 5 brokerages rating the stock a hold, 2 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Ferrellgas Partners, L.P. (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. 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. The midstream operations-crude oil logistics segment is engaged in providing crude oil transportation and logistics services. The corporate and other segment includes midstream operations-water solutions. The Company's two subsidiaries include Ferrellgas Partners Finance Corp. and the operating partnership. Its general partner performs all management functions for the Company and holds general partner interest in Ferrellgas Partners and the operating partnership. It is a distributor of propane and related equipment and supplies to customers in the United States.
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