Economy

Ferrellgas Partners LP (NYSE:FGP) Stock Price Down as Sentiment Worsens

Cetera Advsr reported 0% stake. About 2.60 million shares traded. It is down 12.90% since September 29, 2016 and is uptrending. It has outperformed by 7.46% the S&P500.

Ratings analysis reveals 10% of Ferrellgas Partners L.P.'s analysts are positive. Zacks Investment Research cut shares of Ferrellgas Partners, L.P. from a hold rating to a sell rating in a report on Wednesday, August 9th. UBS AG reiterated a "sell" rating and issued a $5.00 target price (down previously from $5.50) on shares of Ferrellgas Partners, L.P.in a research report on Monday, June 12th. The company was initiated on Monday, August 22 by Piperjaffray. Janney Capital initiated Ferrellgas Partners, L.P. (NYSE:FGP) rating on Wednesday, August 24. Janney Capital has "Neutral" rating and $20 target. Ferrellgas Partners, L.P. has a 1-year low of $4.22 and a 1-year high of $17.05. Five analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The firm has "Sell" rating given on Thursday, September 29 by UBS. The stock of Ferrellgas Partners, L.P. (NYSE:FGP) earned "Hold" rating by RBC Capital Markets on Monday, September 25. On Wednesday, September 28 the stock rating was downgraded by Piper Jaffray to "Underweight". BidaskClub upgraded Ferrellgas Partners, L.P. from a "sell" rating to a "hold" rating in a research report on Saturday, August 26th. Brookstone Capital Management downsized its position by shedding 1,204 shares a decrease of 5.0%. It opened the session with a $5.11 price tag, later ranging from $4.95 to $5.25, the range at which the stock has traded at throughout the day.

Ferrellgas Partners, L.P. (NYSE:FGP) last posted its quarterly earnings results on Thursday, September 28th. It has underperformed by 88.11% the S&P500.

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 $499.36 million. The Company's divisions 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.

Plug Power Inc. (NASDAQ:PLUG) closed down -0.03 points or -1.13% at $2.62 with 4.14 mln shares exchanging hands. 6 funds opened positions while 24 raised stakes.

Ferrellgas Partners, L.P. (NYSE:FGP)'s stock had its "hold" rating reiterated by equities researchers at Royal Bank Of Canada in a research report issued on Wednesday. Also, the Hold rating count is 1 as of 09/28/17. Moreover, Bank & Trust Of Montreal Can has 0% invested in Ferrellgas Partners, L.P. (NYSE:FGP).

As of the end of the quarter Exane Derivatives had bought 16 shares growing its holdings by 16.5%. The original version of this article can be viewed at https://stocknewstimes.com/2017/09/29/ferrellgas-partners-l-p-fgp-stock-rating-reaffirmed-by-royal-bank-of-canada.html. Ferrellgas Partners LP (FGP) has a 14-day RSI of 54.05, the 7-day is at 50.61, and the 3-day is resting at 43.36. 3,073 were reported by Manufacturers Life Insur The. Cetera Advisor Limited accumulated 41,465 shares or 0.01% of the stock. Kornitzer Cap Management Ks accumulated 0% or 11,200 shares. Ameriprise Financial has invested 0% in Ferrellgas Partners, L.P. (NYSE:FGP).

Investors sentiment decreased to 0.88 in Q2 2017. It is negative, as 4 investors sold SUMR shares while 4 reduced holdings.

These funds have shifted positions in (FGP). 790.40 million shares or 0.23% less from 792.22 million shares in 2017Q1 were reported. Bridges Mgmt owns 171,977 shares for 2.8% of their portfolio. Coastline Co holds 0.24% or 10,975 shares in its portfolio. The oil and gas company reported ($0.57) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.09). Vanguard Grp Inc Inc, Pennsylvania-based fund reported 299,008 shares. V Wealth Management, llc grew its investment by buying 2,023 shares an increase of 13.2% in the quarter. New York-based Ems Limited Partnership has invested 6.45% in Mastercard Inc (NYSE:MA). Rmb Capital Management Llc, a Illinois-based fund reported 637,775 shares.#img1#. Koch Industries invested 0.24% of its portfolio in Mastercard Inc (NYSE:MA). It has a 35.07 P/E ratio.



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