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Ferrellgas Partners LP Message Board

  • mmck1961 mmck1961 Mar 15, 2013 2:57 PM Flag

    S&P Buy Rating

    S&P MAINTAINS BUY RECOMMENDATION ON LP UNITS OF FERRELLGAS PARTNERS
    7 days 20 hours 37 minutes ago - SNPMarketScope
    We maintain our earnings per unit estimate of $0.60 for FY 13 (Jul.) and introduce our FY 14 forecast of $0.70. Our 12-month target price rises to $21 on a lower peer yield. FGP yields nearly 10%. For the Jan-Q, FGP reported seasonal earnings of $0.73 per limited partner unit, vs. $0.47, in line with our $0.75 estimate. Revenue declined 21% in the quarter due to sharply lower wholesale propane prices but margins widened. We expect earnings at FGP to benefit from cooler weather and lower propane prices, which should boost volume and lead to higher margins in coming quarters.

 
FGP
23.81-0.04(-0.17%)Apr 15 4:01 PMEDT

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