Ferrellgas Partners (NYSE:FGP) price target dropped to $11.00, released a research note earlier today by Citigroup
- Updated: September 29, 2016
Citigroup dropped the price target of Ferrellgas Partners (NYSE:FGP) to $11.00 reporting a possible downside of -0.09%.
Boasting a price of $12.10, Ferrellgas Partners (NYSE:FGP) traded -6.77% lower on the day. With the last stock price close down -34.63% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $18.75 and a 200-day moving average of $18.54. 1,295,656 shares of Ferrellgas Partners exchanged hands, up from an avg. volume of 344,911
With a market capitalization of $0, Ferrellgas Partners has with a one year low of $12.03 and a one year high of $21.22 .
A total of 6 analysts have released a report on FGP. 0 brokerages rating the stock a strong buy, 0 firms rating the stock a buy, 5 equity analysts rating the company a hold, 2 firms rating the stock a underperform, and finally zero analysts rating the stock a sell with a average stock price 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.
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