Ferrellgas Partners (OTCMKTS:FGPR) Shares Gap Down - Here's What Happened

Key Points

• Ferrellgas Partners shares opened at $13.89 after closing at $14.46, indicating a noticeable gap down in stock price.
• The stock has a market capitalization of $1.37 billion and a P/E ratio of -16.61, suggesting negative earnings.
• Ferrellgas operates primarily in the propane distribution sector, including its Blue Rhino brand for portable tank exchanges.

Ferrellgas Partners, L.P. (OTCMKTS:FGPR - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $14.46, but opened at $13.89. Ferrellgas Partners shares last traded at $13.75, with a volume of 561 shares changing hands.

Ferrellgas Partners Price Performance

The firm has a 50 day moving average of $11.67 and a two-hundred day moving average of $10.73. The stock has a market cap of $1.41 billion, a PE ratio of -17.06 and a beta of 2.99.

About Ferrellgas Partners

Ferrellgas Partners, L.P. distributes and sells propane and related equipment and supplies. The company transports propane to propane distribution locations, tanks on customers' premises, or to portable propane tanks delivered to retailers. It conducts its portable tank exchange operations under the Blue Rhino brand name through a network of independent and partnership-owned distribution outlets.