Ferrellgas Partners (OTCMKTS:FGPR) Shares Gap Down - Time to Sell?

Key Points

• Gapped down: Shares opened at $23.40 after closing at $24.48 and last traded at $23.40 on light volume (343 shares), roughly a 0.2% decline intraday.
• The stock sits above its 50‑day ($20.33) and 200‑day ($18.04) moving averages, has a market cap of $2.31 billion, a negative P/E (-27.94), and a high beta (2.99), signaling volatility and negative earnings.
• Business: Ferrellgas Partners is a master limited partnership that operates Ferrellgas's nationwide retail propane distribution network serving residential, commercial, industrial, and agricultural customers.

Shares of Ferrellgas Partners, L.P. (OTCMKTS:FGPR - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $24.48, but opened at $23.40. Ferrellgas Partners shares last traded at $23.40, with a volume of 343 shares traded.

Ferrellgas Partners Trading Down 0.2%

The stock has a fifty day simple moving average of $20.33 and a 200-day simple moving average of $18.04. The company has a market capitalization of $2.31 billion, a PE ratio of -27.94 and a beta of 2.99.

About Ferrellgas Partners

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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