Ferrellgas Partners (OTCMKTS:FGPR) Shares Gap Down – Here’s Why

Ferrellgas Partners, L.P. (OTCMKTS:FGPR – Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $27.00, but opened at $26.00. Ferrellgas Partners shares last traded at $26.50, with a volume of 437 shares changing hands.

The stock has a market cap of $2.64 billion, a price-to-earnings ratio of -32.00 and a beta of 2.99. The firm’s 50-day moving average is $22.61 and its two-hundred day moving average is $19.26.

Ferrellgas Partners, L.P. (OTCMKTS:FGPR) is a master limited partnership that operates as the retail propane distribution arm of Ferrellgas, Inc, one of the largest retail propane providers in the United States. Headquartered in Liberty, Missouri, the partnership was formed in 1997 to acquire and manage propane assets and inventory in support of Ferrellgas’s nationwide network.

The company’s primary business activities include the procurement, transportation and distribution of propane to residential, commercial, industrial and agricultural customers.

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