|Bid||3.470 x 800|
|Ask||3.490 x 1000|
|Day's Range||3.457 - 3.507|
|52 Week Range||2.870 - 5.750|
|PE Ratio (TTM)||N/A|
|Earnings Date||Sep 26, 2018 - Oct 1, 2018|
|Forward Dividend & Yield||0.40 (12.05%)|
|1y Target Est||3.25|
NEW YORK, Aug. 02, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Jack ...
Ferrellgas Partners, L.P. (FGP) (“Ferrellgas” or the “Company”) today announced the successful divestitures of its Bridger Environmental, Bridger Transportation, and Bridger Terminals (collectively as Bridger) and Blue Rhino Global Sourcing lines of business. The transactions generated net proceeds of approximately $92 million which are to be re-invested into growth opportunities of the propane business, debt reduction or general working capital purposes.
Legacy Reserves (LGCY), an upstream MLP involved in crude oil, natural gas, and NGLs (natural gas liquids) production, was the weakest MLP in the week that ended on July 20. LGCY fell 15.4%.
The two propane distributors offer investors high yields of over 9%, but they need to come to grips with the risks climate change poses to their businesses.
Of the eight analysts surveyed by Reuters covering AmeriGas Partners (APU), only one rated the stock as a “buy.” Four analysts rated the stock as a “hold” and three analysts rated it as a “sell.” The median target price for AmeriGas Partners is $44, which implies an upside potential of ~5% from AmeriGas Partners’ current price of $42.02.
UGI (UGI) holds 25.6% of AmeriGas Partners’ (APU) outstanding shares. UGI is AmeriGas Partners’ general partner. OppenheimerFunds, Energy Income Partners, and City National Rochdale hold 4.1%, 3.4%, and 1.6%, respectively, of AmeriGas Partners’ outstanding shares. OppenheimerFunds, Energy Income Partners, and City National Rochdale added 52,655, 59,083, and 21,320 AmeriGas Partners shares to their positions, respectively, according to the latest filings.
Ferrellgas Partners’ (FGP) net debt-to-adjusted EBITDA ratio stood at ~9.9x at the end of fiscal 2017—much higher than desired. Ferrellgas Partners’ Bridger Logistics acquisition in 2015 added to its debt burden. At the same time, issues in Ferrellgas Partners’ midstream business restricted its EBITDA growth and increased its leverage.
AmeriGas Partners (APU) lowered its adjusted EBITDA guidance range for the fiscal year ending September 30 from $650 million–$690 million to $625 million–$645 million. The company’s adjusted EBITDA for fiscal 2017 was $551 million.
Currently, propane MLPs are trading at high yields. AmeriGas Partners (APU), Suburban Propane Partners (SPH), and Ferrellgas Partners (FGP) are trading at yields of 9.1%, 10.3%, and 11.9%, respectively. A fall in their stock prices pushed the yields higher.
Ferrellgas (FGP) expects the recently-acquired Diamond Propane to be accretive to earnings and enable business expansion in northern New York.
Propane distribution companies, apart from Ferrellgas Partners (FGP), have broadly followed the fall in midstream MLPs in 2018. Despite decent volumes and earnings growth, along with some balance sheet improvement, propane distribution companies’ stocks are in the red in 2018. In this series, we’ll analyze propane companies’ performance, financial metrics, and growth prospects.
Ferrellgas Partners, L.P. (FGP) today announced the acquisition of Diamond Propane, Inc., an independent propane retailer based in Potsdam, New York. The transaction is expected to be immediately accretive and allows the partnership to strategically grow its footprint in northern New York. “Diamond Propane is a well-run company that has built a strong reputation in the communities it serves by providing great customer service,” said Ferrellgas President and Interim Chief Executive Officer Jim Ferrell.
LONDON, UK / ACCESSWIRE / June 08, 2018 / If you want access to our free earnings report on Andeavor (NYSE: ANDV), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ANDV. The Company reported its first quarter fiscal 2018 operating and financial results on May 07, 2018. Active-Investors.com is currently working on the research report for Ferrellgas Partners, L.P. (NYSE: FGP), which also belongs to the Basic Materials sector as the Company Andeavor.
Improvement in profitability and outperformance against the industry can be important characteristics in a stock for some investors. Below, I will assess Ferrellgas Partners LP.’s (NYSE:FGP) track record on aRead More...
Net earnings attributable to Ferrellgas Partners, L.P. of $10.9 million, or $0.11 per common unit, an increase of 66.2 percent as compared to $6.5 million, or $0.07 per common unit in the prior year period. ...
OVERLAND PARK, Kan., May 24, 2018-- Ferrellgas Partners, L.P. today announced the declaration of its third quarter cash distribution of $0.10 per partnership common unit. The distribution is payable on ...
NEW YORK, May 23, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Brandywine ...
CrossAmerica Partners (CAPL), an MLP involved in wholesale distribution of motor fuel and a lessor of real estate for retail distribution of motor fuel, was the top MLP loser last week. CAPL lost 18.1% last week. CAPL’s stock plunged after its distribution cut announcement. The partnership declared a distribution of $0.53 per unit for 1Q18 compared to $0.63 per unit in the previous quarter, a 16.3% cut.
Sifting through businesses on the road to recovery can lead to big gains for investors. Unfortunately, turnaround stocks can also lead to huge investing mistakes.