Ferrellgas Partners, L.P. Commo (NYSE:FGP).
On September 28 the stock rating was downgraded from “Neutral” to “Underweight” by analysts at PiperJaffray. On September 15 the company was downgraded to “Sell” from “Sector Perform” and a price target of $14.00 was set in a report issued by RBC Capital.
Equity analyst RBC Capital lowered the price target and downgraded the stock on September 15 changing the price objective from $19.00 to $14.00 and altering the rating from “Sector Perform” to “Sell”. On September 13 the stock rating was downgraded from “Neutral” to “Sell” with a current price target of $14.00 in an announcement from Citigroup.
Citigroup downgraded the stock and lowered the price target on September 13 changing the price target from $15.50 to $14.00 and setting the rating at “Sell” which had previously been “Neutral”.
The company is trading down from yesterday’s close of $16.5. Ferrellgas Partners, L.P. Commo declared a dividend that was paid on Wednesday September 14th, 2016. The dividend payment was $0.513 per share for the quarter which comes to $2.05 on an annualized basis. The dividend yield was $12.18. The ex-dividend date was set for Friday the 2nd of September 2016.
Company chares are trading at $13.63 which is slightly below $18.94, the stock’s 50 day moving average and which is a tad under the 200 day moving average of $18.58. The 50 day moving average went down $-5.53 or -29.2214% whereas the 200 day moving average was down $-5.18 or -27.8512%.
In the last earnings report the EPS was $-0.64 and is projected to be $-0.49 for the current year with 98,002,000 shares currently outstanding. Next quarter’s EPS is estimated at $-0.34 with next year’s EPS anticipated to be $0.56.