Earnings

Ferrellgas Partners, L.P. (NYSE:FGP) to Report Quarterly Earnings: What’s in the Cards?

Shares of Ferrellgas Partners, L.P. (NYSE:FGP) fell -0.75% to reach at $6.65 during previous trading session. The company has experienced volume of 3.30M shares while on average the company has a capacity of trading 1.23M share.

Ferrellgas Partners, L.P. (NYSE:FGP) on December 9, 2016 reported financial results for its first fiscal quarter ended October 31, 2016. The Company reported a net loss attributable to Ferrellgas Partners, L.P. of $43.1 million, compared to a net loss of $79.8 million for the same period in 2015.

Adjusted EBITDA was $29.0 million, compared to $48.9 million in the prior year period primarily due to the effect of the Jamex settlement reached in early September.

Operating income generated by the propane and related equipment sales segment was up over 20% to $16.5 million, compared to $13.7 million in the prior year period despite temperatures that were 6% warmer than those of the prior year period. The increase was primarily due to decreased operating expenses related to vehicle fuel costs.

At the end of the first fiscal quarter, the Company’s leverage ratio was 5.81x, which was lower than the 6.05x limit allowed under its secured credit facility and accounts receivable securitization facility, as amended in September 2016.

Ferrellgas Partners, L.P. (NYSE:FGP) holds the market capitalization of $724.51M along with 97.15M outstanding shares. During the last trade, stock’s minimum price has been reached out at $6.49 while the maximum trading price moved at $7.70. Currently the stock price is moving -66.24% off from the highest level of twelve months and +34.09% above from twelve months low. Ferrellgas Partners, L.P. (NYSE:FGP) marked 52-week highest price level of $19.70 on 05/27/16 and 52-week lowest price level of $4.96 on 12/01/16. For the stock, price target value has been calculated at $7.92 based on calls of 6 experts. Stock’s minimum price target estimates has been figured out at $5.00 while the maximum price target forecast is established at $11.00.

As of current trade, Ferrellgas Partners, L.P. (NYSE:FGP) has shown weekly upbeat performance of 19.61%. Its six months performance indicated a bearish movement while its yearly performance reflected a negative trend of -53.69%. Year-to-date (YTD) performance of the stock illustrate downbeat trend of -55.90%. Shares of Ferrellgas Partners, L.P. (NYSE:FGP) currently have an ABR of 4.00, derived from a total of 7 opinions. The company’s price sits -21.19% below from its 50-day moving average of $7.59 and -56.47% below from the stock’s 200-day moving average of $15.03. The company has Relative Strength Index (RSI 14) of 44.74 along with Average True Range (ATR 14) of 0.60. Its weekly and monthly volatility is 12.34%, 9.12% respectively. The company’s beta value is at 0.35.

Ferrellgas Partners, L.P. (NYSE:FGP)’s price to sales ratio for trailing twelve months is 0.29, whereas price to cash per share for the most recent quarter is 119.15. Ferrellgas Partners, L.P. (NYSE:FGP)’s quick ratio for most recent quarter is 0.50 along with current ratio for most recent quarter of 0.80. Ferrellgas Partners, L.P. (NYSE:FGP) has a Return on Assets of -29.50%. The company currently has a Return on Investment of -35.00%.

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