Ferrellgas Partners L.P. (FGP) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $28.9 million worth of transactions were on upticks, whereas, the downticks accounted for $23.36 million worth of transactions. The net money flow was a positive $5.53 million and the uptick to downtick ratio was 1.24. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 11.81 in their favor. The net money flow into the stock was $5.04 million. The value of block trades done on downticks was only $0.47 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $5.51 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Ferrellgas Partners L.P. (FGP) was trading at $13, down $3.5 during day. The stock slid -21.21% over the previous days close. For the week, the stock recorded -22.76% over the previous weeks close.
Ferrellgas Partners LP has lost 23.84% in the last five trading days and dropped 34.1% in the last 4 weeks. Ferrellgas Partners LP has dropped 26.43% during the last 3-month period . Year-to-Date the stock performance stands at -15.16%.
Ferrellgas Partners L.P. (FGP) : 6 analysts are covering Ferrellgas Partners L.P. (FGP) and their average rating on the stock is 4.17, which is read as a Strong Sell. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 3 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Ferrellgas Partners L.P. (NYSE:FGP): stock was range-bound between the intraday low of $12.45 and the intraday high of $14.5 after having opened at $14.27 on Wednesdays session. The stock finally closed in the red at $14.27, a loss of -21.21%. The stock remained in the red for the whole trading day. The total traded volume was 6,400,495 shares. The stock failed to cross $14.5 in Wednesdays trading. The stocks closing price on Thursday was $16.5.
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.