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 -15.29% 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 -10.28% relative to the S&P 500. The 4-week change in the price of the stock is -17% and the stock has fallen -9.8% in the past 1 week.
The stock has recorded a 20-day Moving Average of 11.9% and the 50-Day Moving Average is 10.75%.The 200 Day SMA reached 1.23% Ferrellgas Partners LP has dropped 1.03% during the last 3-month period . Year-to-Date the stock performance stands at 10.55%.
Ferrellgas Partners L.P. (FGP) : The highest level Ferrellgas Partners L.P. (FGP) is projected to reach is $20 for the short term and the lowest estimate is at $12. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $16 and the possibility the share price can swing is $3.81.
The shares have received a consensus rating of Sell for the current week Ferrellgas Partners L.P. (NYSE:FGP): stock was range-bound between the intraday low of $16.75 and the intraday high of $17.38 after having opened at $17.25 on Fridays session. The stock finally closed in the red at $17.25, a loss of -2.64%. The stock remained in the red for the whole trading day. The total traded volume was 934,888 shares. The stock failed to cross $17.38 in Fridays trading. The stocks closing price on Thursday was $16.94.
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.