Ferrellgas Partners LP (NYSE:FGP) 2018 Q1 Sentiment Report

June 14, 2018 - By Christine McCrea

Ferrellgas Partners, L.P. (NYSE:FGP) Logo

Sentiment for Ferrellgas Partners LP (NYSE:FGP)

Ferrellgas Partners LP (NYSE:FGP) institutional sentiment increased to 1.04 in Q1 2018. Its up 0.30, from 0.74 in 2017Q4. The ratio has increased, as 25 hedge funds increased and opened new positions, while 24 cut down and sold positions in Ferrellgas Partners LP. The hedge funds in our partner’s database now possess: 5.14 million shares, up from 4.62 million shares in 2017Q4. Also, the number of hedge funds holding Ferrellgas Partners LP in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 9 Reduced: 15 Increased: 20 New Position: 5.

Ferrellgas Partners, L.P. distributes and sells propane and related equipment and supplies primarily in the United States. The company has market cap of $328.78 million. It operates in two divisions: Propane Operations and Related Equipment Sales, and Midstream Operations. It currently has negative earnings. The firm transports propane to propane distribution locations, tanks on customersÂ’ premises, or to portable propane tanks delivered to retailers.

The stock decreased 0.59% or $0.02 during the last trading session, reaching $3.35. About 289,622 shares traded or 18.81% up from the average. Ferrellgas Partners, L.P. (NYSE:FGP) has declined 32.14% since June 14, 2017 and is downtrending. It has underperformed by 44.71% the S&P500.

Prescott Group Capital Management L.L.C. holds 0.17% of its portfolio in Ferrellgas Partners, L.P. for 246,871 shares. Rmb Capital Management Llc owns 1.02 million shares or 0.08% of their US portfolio. Moreover, Cibc Bank Usa has 0.07% invested in the company for 165,965 shares. The Massachusetts-based Albert D Mason Inc has invested 0.04% in the stock. Gsa Capital Partners Llp, a United Kingdom-based fund reported 247,802 shares.

Since January 1, 0001, it had 4 insider buys, and 0 sales for $57,688 activity.

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

Ratings analysis reveals 0 of Ferrellgas Partners’s analysts are positive. Out of 3 Wall Street analysts rating Ferrellgas Partners, 0 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $2 while the high is $5.0. The stock’s average target of $3.83 is 14.33% above today’s ($3.35) share price. FGP was included in 3 notes of analysts from January 9, 2018. The stock of Ferrellgas Partners, L.P. (NYSE:FGP) has “Hold” rating given on Tuesday, January 9 by Citigroup. The stock of Ferrellgas Partners, L.P. (NYSE:FGP) has “Hold” rating given on Tuesday, January 16 by RBC Capital Markets. The stock of Ferrellgas Partners, L.P. (NYSE:FGP) has “Sell” rating given on Thursday, March 29 by UBS.

More notable recent Ferrellgas Partners, L.P. (NYSE:FGP) news were published by: Nasdaq.com which released: “Mid-Morning Market Update: Markets Edge Higher; Korn/Ferry Beats Q4 Views” on June 13, 2018, also Nasdaq.com with their article: “Mid-Afternoon Market Update: Enzo Biochem Falls After Q3 Results; Galmed Pharmaceuticals Shares Surge” published on June 12, 2018, Globenewswire.com published: “Ferrellgas Partners, LP Reports Third Quarter Results” on June 07, 2018. More interesting news about Ferrellgas Partners, L.P. (NYSE:FGP) were released by: Globenewswire.com and their article: “Ferrellgas Partners, LP Announces Third Quarter Earnings Release Date” published on May 18, 2018 as well as Seekingalpha.com‘s news article titled: “Ferrellgas Partners LP (FGP) CEO Jim Ferrell on Q3 2018 Results – Earnings Call Transcript” with publication date: June 07, 2018.

Ferrellgas Partners, L.P. (NYSE:FGP) Institutional Positions Chart

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