Ferrellgas Partners (OTCMKTS:FGPR) Hits New 52-Week Low – Here’s Why

Key Takeaways:

• Ferrellgas Partners’ share price reached a new 52-week low at $5.60.
• The stock last traded at $7.78 with a volume of 17,597 shares.
• The 50-day and 200-day moving averages are $8.04 and $9.72, indicating a downward trend.
• The company has a market cap of $771.39 million, a P/E ratio of -9.34, and a beta of 2.99.
• Ferrellgas Partners operates under the Blue Rhino brand, distributing propane and related equipment.

Ferrellgas Partners Experiences Record Low Stock Price

Ferrellgas Partners, L.P. (OTCMKTS:FGPR) witnessed its share price plummet to a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $5.60 before settling at $7.78, marking a significant moment for the propane distribution company. The volume of shares traded reached 17,597, reflecting heightened investor activity.

Trading Details Highlight Market Volatility

The stock had previously closed at $7.79, making the day’s movement noteworthy for investors tracking the company’s performance. Despite dipping to a year-long low, the stock managed a slight rebound by the day’s end. The fluctuation underscores ongoing volatility in both the market and the energy sector.

Downward Trend Evident in Moving Averages

An analysis of Ferrellgas Partners’ moving averages reveals a consistent downward trajectory. The 50-day moving average price stands at $8.04, while the 200-day moving average is higher at $9.72. These figures suggest that the stock has been gradually declining over the past several months, indicating potential concerns for long-term investors.

Financial Metrics Offer Insight

The company’s market capitalization is reported at $771.39 million. With a price-to-earnings (P/E) ratio of -9.34, there are indications of unprofitability, which may be a red flag for some investors. Additionally, a beta of 2.99 suggests that the stock is nearly three times more volatile than the overall market, highlighting the risk associated with the investment.

Company Overview: Propane Distribution Under Blue Rhino

Ferrellgas Partners is a leading distributor and seller of propane and related equipment and supplies. The company operates its portable tank exchange services under the well-recognized Blue Rhino brand name. Through a network of independent and partnership-owned distribution outlets, it supplies propane tanks to retailers and customers, playing a vital role in energy provision for both commercial and residential use.

Investor Considerations Amid Fluctuations

As Ferrellgas Partners navigates these market challenges, stakeholders and potential investors may closely monitor the company’s financial health and strategic direction. The recent stock performance emphasizes the importance of staying informed about market trends and company developments within the energy sector.