Ferrellgas Partners (OTCMKTS:FGPR) Shares Up 1.7% - Here's Why

Key Points

• Ferrellgas Partners shares increased by 1.7% to trade at $15.00, with a 14% decline in trading volume from the previous session.
• The company has a market capitalization of $1.46 billion and a P/E ratio of -17.65, indicating potential valuation concerns.
• Ferrellgas Partners is involved in the distribution and sale of propane and operates its Blue Rhino brand for portable propane tank exchanges.

Ferrellgas Partners, L.P. (OTCMKTS:FGPR - Get Free Report) rose 1.7% during trading on Thursday . The company traded as high as $15.00 and last traded at $15.00. Approximately 4,479 shares traded hands during mid-day trading, a decline of 14% from the average daily volume of 5,237 shares. The stock had previously closed at $14.75.

Ferrellgas Partners Trading Down 1.4%

The firm has a 50-day moving average of $13.14 and a 200 day moving average of $11.18. The company has a market cap of $1.44 billion, a P/E ratio of -17.40 and a beta of 2.99.

Ferrellgas Partners Company Profile

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.