Analysis: Ferrellgas Partners (NYSE:FGP) Stock Target Raised Today
In an interesting research report revealed to clients and investors by Barclays Capital on 11 December, the firm, Ferrellgas Partners (NYSE:FGP), had their price target lowered to $15.00. Analusts presently have a solid Underweight rating on the stock.
From a total of 4 analysts covering Ferrellgas Partners L.P. (NYSE:FGP) stock, 0 rate it a ”Buy”, 3 a “Sell”, and 3 a ”Hold”. This means that 0% of the ratings are positive. The highest target price is $22 while the lowest target price is $15. The mean of all analyst targets is $19.5 with a 31.75% above today’s ($14.93) stock price. Ferrellgas Partners L.P. was the topic of 4 analyst reports since August 11, 2015 according to the firm StockzIntelligence Inc. Barclays Capital maintained shares on September 30 with “Underweight” rating.
Approximately 760,308 shares of stock traded hands or 96.57% up from the average. Ferrellgas Partners, L.P. (NYSE:FGP) has declined 34.94% since May 8, 2015 and is downtrending. It has underperformed by 31.92% the S&P500.
The overall sentiment of institutions has decreased to 0.93 in Q2 2015. Its down 0.45, from 1.38 in 2015Q2. The ratio turned negative, as 14 institutions have sold all the shares of Ferrellgas Partners, L.P. that they owned while 30 funds have taken shares off the table. 12 funds have purchased shares for the first time while 29 added to their positions. These institutions now hold 10.98 million shares or 7.63% less than the 11.88 million shares they owned in 2015Q2.
The Fund Texas Yale Capital Corp. currently is holding shares equating to 1% of its total portfolio in Ferrellgas Partners, L.P. representing a total of 547,735 shares. Another fund,Albert D Mason Inc, is holding a total of 75,537 shares equating to 0.92% of their holdings. Additionally, Novare Capital Management Llc has a 156,514 share stake in Ferrellgas Partners, L.P. which represents 0.85% of their total portfolio. The Fund, Global X Management Co Llc, based out of New York, has also built up a stake in the stock, which represents a total of 0.45% of their total portfolio. Finally Arrow Investment Advisors Llc, a fund which is based in the state of Maryland reported a total holdings of 58,652 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 17, 2015, shareholders of Ferrellgas Partners, L.P. have witnessed 1 insider buy, and a total of 0 insider sales equating to a net activity of approximately $98,000 . Kaye Daniel G bought 5,000 shares worth approximately $98,000. Mcgathey Boyd H bought 1,000 shares worth approximately $22,300. Heitmann Alan C bought 4,200 shares worth approximately $94,332. Wambold Stephen L bought 5,000 shares worth approximately $111,291.
Ferrellgas Partners, L.P. is engaged in the retail distribution of propane and related equipment sales, and midstream operations, which include crude oil logistics segment and water solutions segment. The company has a market cap of $1.53 billion. The Company’s two direct subsidiaries include Ferrellgas Partners Finance Corp. and the operating partnership. It currently has negative earnings. The Company’s assets are its approximate 99% limited partnership interest in the operating partnership and its 100% equity interest in Ferrellgas Partners Finance Corp.
According to Zacks Investment Research, “FERRELLGAS PARTNERS, L.P. is engaged in the sale, distribution, marketing and trading of propane and other natural gas liquids.” Get a free copy of the Zacks research report on Ferrellgas Partners, L.P. (FGP).