Ferrellgas Partners, L.P. Commo (NYSE:FGP).
On September 28 the company was set at “Underweight” by PiperJaffray which was a cut from the previous “Neutral” rating. On September 15 the stock rating was downgraded to “Sell” from “Sector Perform” and a price target of $14.00 was set in a report from RBC Capital.
RBC Capital downgraded the stock and lowered the price target on September 15 changing the price objective from $19.00 to $14.00 and cutting the rating from “Sector Perform” to “Sell”. On September 13 the company was downgraded from “Neutral” to “Sell” with a current price target of $14.00 by analysts at Citigroup.
Equity analyst Citigroup both downgraded the stock and lowered the price target on September 13 cutting the price target from $15.50 to $14.00 and moving the rating from “Neutral” to “Sell”.
The company is now down by -19.45 percent from yesterday’s close. Additionally the company announced a dividend that was paid on Wednesday the 14th of September 2016. The dividend payment was $0.513 per share for the quarter which is $2.05 annualized. This dividend represents a yeild of $12.18 which is the dividend as a percentage of the current share price. The ex-dividend date was Friday the 2nd of September 2016.
It is currently trading at $13.29 a bit lower than $18.94, the 50 day moving average and a tad below the 200 day moving average of $18.58. The 50 day moving average went down $-4.64 or -24.5003% and the 200 day average moved down $-4.28.
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 presently outstanding. Analysts expect next quarter’s EPS will be $-0.34 with next year’s EPS projected to be $0.56.