Ferrellgas Partners (OTCMKTS:FGPR) Shares Down 5.6% - Here's Why

Key Points

• Shares down 5.6% — Ferrellgas (OTCMKTS:FGPR) fell as low as $22.50 and last traded at $23.11 on Tuesday, with volume of about 5,202 shares, roughly 17% below its average daily volume.
• Valuation and volatility — The company has a market cap of $2.26 billion, a negative P/E of -27.36 and a beta of 2.99, and the stock is trading above its 50‑day ($20.23) and 200‑day ($17.98) moving averages.
• Business profile — Ferrellgas Partners is a master limited partnership that operates as the retail propane distribution arm of Ferrellgas, supplying residential, commercial, industrial and agricultural customers nationwide.

Ferrellgas Partners, L.P. (OTCMKTS:FGPR - Get Free Report) shares were down 5.6% on Tuesday . The stock traded as low as $22.50 and last traded at $23.1101. Approximately 5,202 shares were traded during trading, a decline of 17% from the average daily volume of 6,263 shares. The stock had previously closed at $24.48.

Ferrellgas Partners Trading Down 5.0%

The firm has a market capitalization of $2.26 billion, a P/E ratio of -27.36 and a beta of 2.99. The company's fifty day moving average is $20.23 and its 200-day moving average is $17.98.

Ferrellgas Partners Company Profile

Ferrellgas Partners, L.P. OTCMKTS: FGPR is a master limited partnership that operates as the retail propane distribution arm of Ferrellgas, Inc, one of the largest retail propane providers in the United States. Headquartered in Liberty, Missouri, the partnership was formed in 1997 to acquire and manage propane assets and inventory in support of Ferrellgas's nationwide network.

The company's primary business activities include the procurement, transportation and distribution of propane to residential, commercial, industrial and agricultural customers.

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