Ferrellgas Partners, L.P. (FGP) Reaches $4.47 After 8.00% Down Move; Ingersoll-rand PLC (IR) Sentiment Is 0.88

December 6, 2017 - By Adrian Erickson

The stock of Ferrellgas Partners, L.P. (NYSE:FGP) is a huge mover today! The stock decreased 3.04% or $0.14 during the last trading session, reaching $4.47. About 411,055 shares traded or 51.11% up from the average. Ferrellgas Partners, L.P. (NYSE:FGP) has declined 71.41% since December 6, 2016 and is downtrending. It has underperformed by 88.11% the S&P500.The move comes after 5 months negative chart setup for the $438.70M company. It was reported on Dec, 6 by Barchart.com. We have $4.11 PT which if reached, will make NYSE:FGP worth $35.10M less.

Ingersoll-Rand plc designs, manufactures, sells, and services industrial and commercial products. The company has market cap of $21.56 billion. It operates through Climate and Industrial divisions. It has a 21.59 P/E ratio. The Climate segment offers building management, bus and rail HVAC, control, container and cryogenic refrigeration, diesel-powered refrigeration, ductless, geothermal, package heating and cooling, rail and self-powered truck refrigeration, temporary heating and cooling, trailer refrigeration, unitary, and vehicle-powered truck refrigeration systems.

Investors sentiment decreased to 0.79 in Q2 2017. Its down 0.29, from 1.08 in 2017Q1. It fall, as 14 investors sold Ferrellgas Partners, L.P. shares while 24 reduced holdings. 6 funds opened positions while 24 raised stakes. 5.94 million shares or 12.28% more from 5.29 million shares in 2017Q1 were reported. Janney Montgomery Scott Ltd holds 0% or 10,680 shares in its portfolio. Cetera Advisor Netwr Ltd Liability reported 0.01% of its portfolio in Ferrellgas Partners, L.P. (NYSE:FGP). Sandy Spring Financial Bank stated it has 6,000 shares. Bb&T Secs Ltd owns 0.01% invested in Ferrellgas Partners, L.P. (NYSE:FGP) for 107,746 shares. Cwm Lc stated it has 0% of its portfolio in Ferrellgas Partners, L.P. (NYSE:FGP). Huntington Retail Bank invested 0% of its portfolio in Ferrellgas Partners, L.P. (NYSE:FGP). Stifel invested in 0% or 11,550 shares. Mariner Wealth Ltd Liability has 19,367 shares for 0% of their portfolio. Prescott Gru Mgmt Ltd Liability Company stated it has 0.76% in Ferrellgas Partners, L.P. (NYSE:FGP). Ameriprise Inc has 16,117 shares for 0% of their portfolio. Goldman Sachs Grp holds 71,691 shares or 0% of its portfolio. Centers Of America has invested 0.01% in Ferrellgas Partners, L.P. (NYSE:FGP). Northwestern Mutual Wealth Mngmt holds 0% of its portfolio in Ferrellgas Partners, L.P. (NYSE:FGP) for 133 shares. 1,109 were accumulated by Next Gru Inc. Morgan Stanley invested 0% in Ferrellgas Partners, L.P. (NYSE:FGP).

Analysts await Ferrellgas Partners, L.P. (NYSE:FGP) to report earnings on December, 8. They expect $-0.31 EPS, up 29.55% or $0.13 from last year’s $-0.44 per share. After $-0.57 actual EPS reported by Ferrellgas Partners, L.P. for the previous quarter, Wall Street now forecasts -45.61% EPS growth.

Among 10 analysts covering Ferrellgas Partners L.P. (NYSE:FGP), 1 have Buy rating, 3 Sell and 6 Hold. Therefore 10% are positive. Ferrellgas Partners L.P. had 31 analyst reports since August 11, 2015 according to SRatingsIntel. Citigroup maintained it with “Sell” rating and $11 target in Thursday, September 29 report. The rating was upgraded by Piper Jaffray to “Neutral” on Monday, December 5. Janney Capital initiated the stock with “Neutral” rating in Tuesday, March 22 report. The firm has “Sell” rating given on Monday, June 12 by UBS. The stock of Ferrellgas Partners, L.P. (NYSE:FGP) has “Sell” rating given on Thursday, September 29 by UBS. The firm has “Buy” rating by Citigroup given on Monday, December 5. The firm earned “Neutral” rating on Monday, August 22 by Piper Jaffray. The rating was downgraded by JP Morgan on Wednesday, September 28 to “Underweight”. The company was downgraded on Friday, June 10 by UBS. On Tuesday, August 11 the stock rating was upgraded by Zacks to “Strong Sell”.

Ferrellgas Partners, L.P. distributes and sells propane and related equipment and supplies primarily in the United States. The company has market cap of $438.70 million. It operates in two divisions: Propane Operations and Related Equipment Sales, and Midstream Operations. It currently has negative earnings. The firm transports propane to propane distribution locations, tanks on customersÂ’ premises, or to portable propane tanks delivered to retailers.

Analysts await Ingersoll-Rand Plc (NYSE:IR) to report earnings on February, 7. They expect $1.03 EPS, up 22.62% or $0.19 from last year’s $0.84 per share. IR’s profit will be $257.36 million for 20.94 P/E if the $1.03 EPS becomes a reality. After $1.44 actual EPS reported by Ingersoll-Rand Plc for the previous quarter, Wall Street now forecasts -28.47% negative EPS growth.

Ratings analysis reveals 0 of Ingersoll-Rand’s analysts are positive. Out of 3 Wall Street analysts rating Ingersoll-Rand, 0 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. IR was included in 3 notes of analysts from September 9, 2016. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, October 27. The firm has “Sector Weight” rating given on Friday, September 9 by KeyBanc Capital Markets. Buckingham Research downgraded the shares of IR in report on Wednesday, November 16 to “Neutral” rating.

The stock increased 2.00% or $1.695 during the last trading session, reaching $86.275. About 1.99 million shares traded or 12.24% up from the average. Ingersoll-Rand Plc (IR) has risen 39.42% since December 6, 2016 and is uptrending. It has outperformed by 22.72% the S&P500.

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By1 Adrian Erickson




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