|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||3.05 - 3.17|
|52 Week Range||2.92 - 6.36|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.40 (13.11%)|
|1y Target Est||N/A|
It seems to be a wise decision for investors to drop Ferrellgas Partners (FGP) stock considering its negative estimate revision, price depreciation as well as unfavorable Zacks rank.
Ferrellgas Partners (FGP) stock has fallen 38% over the last year. In comparison, Suburban Propane Partners (SPH) has fallen 4%, Star Group (SGU) has risen 3%, and AmeriGas Partners (APU) has fallen 9% in the same period. Ferrellgas Partners has fallen 15% year-to-date.
On March 8, 2018, Ferrellgas Partners (FGP) reported its fiscal 2Q18 results. The margins, however, were slightly lower due to aggressive competition to win customers. Ferrellgas Partners’ distributable cash flow for fiscal 2Q18 rose to $79.2 million from $68.9 million in the year-ago quarter.
Increase in profitability and industry-beating performance can be essential considerations in a stock for some investors. In this article, I will take a look at Ferrellgas Partners LP.’s (NYSE:FGP) trackRead More...
Ferrellgas Partners' (FGP) decision to sell Bridger Logistics is going to improve its financial condition and the ongoing cold winter is likely to boost demand for propane.
Ferrellgas Partners LP sold its subsidiary Bridger Energy LLC to an undisclosed buyer just two-and-a-half years after buying it. Company founder James Ferrell, who has been serving as interim president and CEO since September 2016 , said the sale was driven by a desire to reduce the Liberty-based oil and gas company's debt and give it a "more than adequate" level of liquidity. "The sale significantly reduces our interest expense, improves our credit metrics and lessens the company's reliance on its credit facility as we move forward with growth efforts," Ferrell said in a release.
The hype around blockchains is only one reason these utility stocks are flying under investors' radars -- but perhaps this is the time they should get back on.
Both of these propane partnerships cut their distributions, but one is in a better position to prosper in the future.
General Electric Co. (GE), GlaxoSmithKline PLC (GSK), Ferrellgas Partners LP (FGP) and Crescent Point Energy Corp. (CPG) have declined to their respective three-year lows.