|Bid||3.66 x 1000|
|Ask||3.79 x 900|
|Day's Range||3.60 - 3.78|
|52 Week Range||2.87 - 5.75|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jun 7, 2018|
|Forward Dividend & Yield||0.40 (11.33%)|
|1y Target Est||3.33|
LIBERTY, Mo., May 18, 2018-- On Thursday, June 7, 2018, Ferrellgas Partners, L.P. will report earnings for its third quarter ended April 30, 2018. James E. Ferrell, Interim Chief Executive Officer and ...
Ferrellgas, L.P., the operating partnership of Ferrellgas Partners, L.P. (FGP) (“Ferrellgas”), announced today an agreement with a purchaser group led by Wells Fargo Bank, N.A., and including Fifth Third Bank, N.A. and PNC Bank, N. A., which extends the operating partnership’s accounts receivable securitization facility. In addition to extending the facility’s maturity date by three years, other key amendments include the upsizing of the facility from a maximum capacity of $225 million to $250 million at a discount rate of LIBOR plus 200 basis points. It also now includes provisions for the issuance of letters of credit with a $50 million sublimit. The facility continues to have provisions where maximum purchase levels are reduced during periods of the year when working capital requirements are lower to efficiently reduce unused capacity fees.
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.
Ferrellgas, L.P. (Ferrellgas), the operating partnership of Ferrellgas Partners, L.P. (FGP) (“Ferrellgas” or the “Company”) announced today an agreement with a lending group led by TPG Specialty Lending, Inc. (TSLX), the middle-market lending business of TPG Sixth Street Partners (TSSP), to provide Ferrellgas with a new senior secured credit facility. The five-year facility replaces the current $575 million senior secured revolving credit facility that was scheduled to mature in October 2018. The new facility includes a $300 million cash flow revolver supported by commitments from TPG Specialty Lending and PNC Bank, National Association (PNC), as well as a $275 million term loan.
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.
Navios Maritime Midstream Partners (NAP) is an MLP involved in the marine transportation of crude oil, refined products, and NGLs. Navios Maritime Midstream Partners was the top MLP gainer for the second consecutive in the week ending April 27. The partnership rallied 6.4% last week. The recent surge in Navios Maritime Midstream Partners’ stock price could be due to a rating upgrade by J.P. Morgan. However, the partnership has lost 52.5% since the beginning of 2018. The fall could be due to Navios Maritime Midstream Partners’ weak operating performance in the previous quarter. ...
Navios Maritime Midstream Partners (NAP), an MLP involved in the marine transportation of crude oil, refined products, and NGLs, was the top MLP gainer in the week ending April 20. Navios Maritime Partners rallied 29.2% due to J.P. Morgan upgrading it to a “buy.” Overall, the partnership has lost 55.4% since the beginning of 2018. The fall could mainly be attributed to the partnership’s weak operating performance in 4Q17. To learn more, read Comparing Crude Tanker Companies’ 4Q17 Performances.
If you are a shareholder in Ferrellgas Partners LP.’s (NYSE:FGP), or are thinking about investing in the company, knowing how it contributes to the risk and reward profile of yourRead More...
Alliance Holdings GP (AHGP), the GP (general partner) of Alliance Resource Partners (ARLP), was the top MLP loss in the week ending April 13, 2018. Alliance Resource Partners is an MLP involved in coal mining and production. Alliance Resource Partners continued to be among the top ten MLP losses for the second consecutive week. Alliance Holdings GP and Alliance Resource Partners fell 4.1% and 1.8% last week. Alliance Holdings GP and Alliance Resource Partners have lost 12.9% and 16.0% since the beginning of this year.
Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. In the past 10 years Ferrellgas Partners LP.Read More...
Sanchez Midstream Partners (SNMP) is a midstream MLP involved mainly in natural gathering, processing, and compression. Sanchez Midstream Partners was the top MLP gainer in the week ending April 6, 2018. Sanchez Midstream Partners rallied 16.4%. The company’s YTD (year-to-date) return turned positive due to last week’s gain. Sanchez Midstream Partners has risen 8.6% YTD. Despite the recent gains, Sanchez Midstream Partners has still fallen ~21% in the past year.
Ferrellgas Partners (FGP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
NEW YORK, April 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 ...
Effect of the recent Federal Energy Regulatory Commission revised policy statement limited to MLPs that own interstate pipelines.. LIBERTY, Mo., March 19, 2018-- Ferrellgas Partners, L.P. announced today ...
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...