Ferrellgas Partners L.P. (FGP) : During the past 4 weeks, traders have been relatively bearish on Ferrellgas Partners L.P. (FGP), hence the stock is down -39.68% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -30.95% relative to the S&P 500. The 4-week change in the price of the stock is -40% and the stock has fallen -30.84% in the past 1 week.
The stock has recorded a 20-day Moving Average of 33.02% and the 50-Day Moving Average is 36.98%.The 200 Day SMA reached 32.06%
Ferrellgas Partners L.P. (NYSE:FGP): The stock opened in the green at $11.69 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $12.1 and a low of $11.27 for the day. The stock did not find buyers even at the lows and closed at $11.64 recording a loss of -1.10%. 2,158,074 shares exchanged hands during the trading day. The stock had closed at $11.64 in the previous days trading.
Ferrellgas Partners L.P. (FGP) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $15 and the lowest price target forecast is $11. The average forecast of all the analysts is $13 and the expected standard deviation is $1.67.
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 Companys two direct subsidiaries include Ferrellgas Partners Finance Corp. and the operating partnership. Its assets are its approximate 99% limited partnership interest in the operating partnership and its 100% equity interest in Ferrellgas Partners Finance Corp. Its general partner performs all management functions for the Company and holds a 1% general partner interest in Ferrellgas Partners and has an approximate 1% general partner interest in the operating partnership. It distributes propane and related equipment and supplies to customers in the United States. The Company operates in three segments: propane and related equipment sales, midstream operations – water solutions and midstream operations – crude oil logistics.