Ferrellgas Partners, L.P. (NYSE:FGP) announced its quarterly earnings data on Thursday. GSA Capital Partners LLP owned about 0.15% of Ferrellgas Partners, L.P.as of its most recent filing with the SEC.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FGP. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Ferrellgas Partners, L.P.by 9.0% in the fourth quarter. During the same period previous year, the company posted $0.58 earnings per share. UMB Bank N A MO now owns 10,735 shares of the company's stock worth $125,000 after buying an additional 400 shares during the period. LLC now owns 385,812 shares of the company's stock worth $4,491,000 after buying an additional 50,060 shares during the last quarter.
On March 9, 2017, Ferrellgas Partners, L.P. issued a press release regarding its financial results for the second fiscal quarter ended January 31, 2017. Financial Advisory Service Inc. now owns 14,111 shares of the company's stock worth $164,000 after buying an additional 270 shares during the period. The current share price indicate that stock is -69.80% away from its one year high and is moving 19.97% ahead of its 52-week low. Oppenheimer & Co. Inc. now owns 12,878 shares of the company's stock worth $150,000 after buying an additional 518 shares during the period. Company's distance from 20 day simple moving average is -8.03% and distance from 50-Day simple moving average is -17.56%. The stock's market capitalization is $637.32 million.
Ferrellgas Partners, L.P. had a negative net margin of 32.28% and a negative return on equity of 1.68%. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2017/03/10/ferrellgas-partners-l-p-fgp-announces-earnings-results.html. The company reported ($0.44) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.50) by $0.06. Ferrellgas Partners, L.P. The firm had revenue of $379.50 million for the quarter. During the same quarter in the previous year, the business earned $0.58 earnings per share.
The furnishing of particular information in this Current Report, including Exhibit 99.1 furnished herewith, to Item 7.01 of Form 8-K is not meant to, and does not, constitute a determination or admission by Ferrellgas Partners, L.P., Ferrellgas Partners Finance Corp., Ferrellgas, L.P. or Ferrellgas Finance Corp.as to the materiality or completeness of any such information that is required to be disclosed exclusively by Regulation FD of the Exchange Act. Investors of record on Thursday, December 8th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 4.72%. Ferrellgas Partners, L.P.'s dividend payout ratio is -6.30%.
A number of research analysts have issued reports on FGP shares. Simmons raised shares of Ferrellgas Partners, L.P. from an "underweight" rating to a "neutral" rating and cut their price objective for the company from $7.00 to $6.50 in a research report on Tuesday, December 6th.
Depending on the earnings numbers reported, Ferrellgas Partners, L.P. (NYSE:FGP) stock may see increased volatility following the report. Piper Jaffray Companies cut Ferrellgas Partners, L.P. from a "neutral" rating to an "underweight" rating in a report on Wednesday, September 28th. Zacks Investment Research lowered shares of Ferrellgas Partners, L.P. from a "hold" rating to a "sell" rating in a report on Thursday, February 2nd. The Company's two subsidiaries include Ferrellgas Partners Finance Corp. and the operating partnership. Ferrellgas Partners, L.P. has an average rating of "Hold" and a consensus price target of $11.87. The midstream operations-crude oil logistics segment is engaged in providing crude oil transportation and logistics services.