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Ferrellgas Partners (OTCMKTS:FGPR) Shares Gap Up - Here's Why

Ferrellgas Partners logo with Energy background

Key Points

  • Ferrellgas Partners shares surged from a previous closing price of $15.22 to an opening price of $18.21 on Tuesday, indicating a significant jump in market activity.
  • The company has a market capitalization of $1.94 billion and carries a PE ratio of -23.44, reflecting its current financial performance amid market volatility.
  • Ferrellgas Partners is primarily engaged in the distribution and sale of propane and related equipment, operating a portable tank exchange service under the Blue Rhino brand.
  • MarketBeat previews top five stocks to own in November.

Ferrellgas Partners, L.P. (OTCMKTS:FGPR - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $15.22, but opened at $18.21. Ferrellgas Partners shares last traded at $18.21, with a volume of 206 shares trading hands.

Ferrellgas Partners Stock Performance

The company has a market capitalization of $1.94 billion, a PE ratio of -23.44 and a beta of 2.99. The stock has a 50 day moving average price of $14.80 and a two-hundred day moving average price of $11.88.

About Ferrellgas Partners

(Get Free Report)

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.

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