Ferrellgas Partners, L.P. experienced a significant increase in trading activity on Monday, with approximately 1,537 shares exchanged. This marks a remarkable rise of 121% from the previous session’s volume of 697 shares. The stock was last recorded at $18.09, down slightly from its previous close of $18.30.
Stock Performance Overview
The recent trading spike highlights a shift in investor interest for the company. Ferrellgas Partners has a market capitalization of $1.78 billion, a price-to-earnings (PE) ratio of -21.53, and a beta of 2.99, indicating higher volatility compared to the market. The firm’s 50-day moving average stands at $18.24, while the two-hundred day moving average is significantly lower at $15.34. These indicators suggest that the stock has shown resilience in a challenging market environment.
About Ferrellgas Partners
Founded in 1997, Ferrellgas Partners operates as the retail propane distribution segment of Ferrellgas, Inc., one of the largest providers of propane in the United States. The company is headquartered in Liberty, Missouri, and was established to acquire and manage propane assets and inventory to support Ferrellgas’s extensive nationwide network.
Ferrellgas Partners is involved in the procurement, transportation, and distribution of propane to a diverse range of customers, including residential, commercial, industrial, and agricultural sectors. The firm plays a crucial role in ensuring that propane is accessible to various markets across the country, contributing to its reputation as a leading player in the propane industry.
The surge in trading volume may reflect growing investor confidence in the company’s future performance, as it continues to adapt to market demands and changes in consumer behavior. Investors and analysts alike will be monitoring Ferrellgas’s performance closely in the coming weeks to gauge the sustainability of this upward trend.
