Ferrellgas Partners LP (NYSE:FGP) Institutional Investors Quarterly Sentiment

November 15, 2017 - By Clifton Ray

 Ferrellgas Partners LP (NYSE:FGP) Institutional Investors Quarterly Sentiment

Sentiment for Ferrellgas Partners LP (NYSE:FGP)

Ferrellgas Partners LP (NYSE:FGP) institutional sentiment decreased to 0.79 in Q2 2017. Its down -0.29, from 1.08 in 2017Q1. The ratio dropped, as 30 funds started new or increased equity positions, while 38 sold and trimmed stock positions in Ferrellgas Partners LP. The funds in our partner’s database now have: 5.94 million shares, up from 5.29 million shares in 2017Q1. Also, the number of funds holding Ferrellgas Partners LP in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 14 Reduced: 24 Increased: 24 New Position: 6.

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 has market cap of $452.73 million. The Company’s divisions include propane and related equipment sales, midstream operations-crude oil logistics, and corporate and other. It currently has negative earnings. The propane and related equipment sales segment consists of the distribution of propane and related equipment and supplies.

About 29,150 shares traded. Ferrellgas Partners, L.P. (NYSE:FGP) has declined 71.41% since November 15, 2016 and is downtrending. It has underperformed by 88.11% the S&P500.

Investors wait Ferrellgas Partners, L.P. (NYSE:FGP) to report on December, 8. its quarterly earnings Wall Street analysts expect $-0.31 earnings per share, up $0.13 or 29.55 % from last year’s $-0.44 same quarter earnings. Ferrellgas Partners, L.P.’s Wall Street analysts see -45.61 % EPS growth, taking into account the $-0.57 EPS reproted in the previous quarter,

Prescott Group Capital Management L.L.C. holds 0.76% of its portfolio in Ferrellgas Partners, L.P. for 792,334 shares. Novare Capital Management Llc owns 112,000 shares or 0.12% of their US portfolio. Moreover, Albert D Mason Inc has 0.1% invested in the company for 26,325 shares. The Illinois-based Private Bank & Trust Co has invested 0.1% in the stock. Rmb Capital Management Llc, a Illinois-based fund reported 637,775 shares.#img1#

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

Ratings analysis reveals 10% of Ferrellgas Partners L.P.’s analysts are positive. Out of 10 Wall Street analysts rating Ferrellgas Partners L.P., 1 give it “Buy”, 3 “Sell” rating, while 6 recommend “Hold”. The lowest target is $6.0 while the high is $21. The stock’s average target of $10.75 is 130.69% above today’s ($4.66) share price. FGP was included in 31 notes of analysts from August 11, 2015. RBC Capital Markets downgraded the stock to “Underperform” rating in Thursday, September 15 report. The stock has “Underweight” rating by JP Morgan on Wednesday, September 28. The rating was downgraded by PiperJaffray on Wednesday, September 28 to “Underweight”. As per Monday, December 5, the company rating was upgraded by Citigroup. The stock of Ferrellgas Partners, L.P. (NYSE:FGP) earned “Sell” rating by UBS on Thursday, September 29. Citigroup downgraded the shares of FGP in report on Tuesday, September 13 to “Sell” rating. The firm has “Neutral” rating given on Monday, December 5 by PiperJaffray. The firm has “Sell” rating given on Monday, June 12 by UBS. The stock has “Sector Perform” rating by RBC Capital Markets on Thursday, December 8. The stock of Ferrellgas Partners, L.P. (NYSE:FGP) earned “Sell” rating by UBS on Monday, December 12.

More notable recent Ferrellgas Partners, L.P. (NYSE:FGP) news were published by: Globenewswire.com which released: “Ferrellgas Partners, LP Announces Fourth Quarter Earnings Release Date” on September 12, 2017, also Globenewswire.com with their article: “Ferrellgas Partners, LP Declares Fourth Quarter 2017 Cash Distribution” published on August 22, 2017, Fool.com published: “Here’s Why the Best Is Yet to Come for Ferrellgas Partners, LP” on April 21, 2017. More interesting news about Ferrellgas Partners, L.P. (NYSE:FGP) were released by: Globenewswire.com and their article: “Ferrellgas Partners, LP Reports Results for Fiscal 2017” published on September 28, 2017 as well as Fool.com‘s news article titled: “How Ferrellgas Partners, LP Makes Most of Its Money” with publication date: May 12, 2017.

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