- published: 20 Dec 2010
- views: 358
Ferrellgas Partners, L.P. (NYSE-Listed FGP) visits the NYSE. In honor of the occasion, President and CEO Steve Wambold rings The Closing BellSM. About Ferrellgas Partners Headquartered in Overland Park, Kansas, Ferrellgas has become the premier propane provider in the United States, including the largest provider of propane by branded propane tank exchange through its Blue Rhino brand. It serves approximately 1 million Customers in all 50 states, the District of Columbia, and Puerto Rico. Ferrellgas Partners, L.P. trades on the New York Stock Exchange under the symbol FGP. Ferrellgas Employees indirectly own more than 20 million units of the partnership through an Employee Stock Ownership Plan. (Source: Ferrellgas Partners)
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Ferrellgas Partners (NYSE:FGP) announced that it has commenced a cash tender offer to purchase any and all of the outstanding 6.75% Senior Notes due 2014 issued by the company and Ferrellgas Finance Corp. The tender offer is scheduled to expire at 11:59 PM ET. Ferrellgas Partners is currently above its 50-day moving average (MA) of $25.75 and above its 200-day of $23.81. In the last five trading sessions, the 50-day MA has climbed 0.21% while the 200-day MA has risen 0.4%.
SmarTrend identified an Uptrend for Ferrellgas Partners (NYSE:FGP) on February 17, 2010 at $22.45. In approximately 3 weeks, Ferrellgas Partners has returned 1.8% as of today's recent price of $22.86. Ferrellgas Partners is currently above its 50-day moving average of $22.11 and above its 200-day moving average of $19.90. Look for these moving averages to climb to confirm the company's upward momentum. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Ferrellgas Partners shares.
Citigroup Inc. adjusted its 2011 and 2012 EPS estimates for Ferrellgas Partners LP (NYSE:FGP) on Monday, with a Hold rating and a $25.00 price target maintained. Citigroup lowered its 2011 EPS estimate for the firm from $1.07 to $0.83, and cut its 2012 EPS estimate from $1.09 to $0.92. Ferrellgas Partners had sales growth of 0.1% during the last fiscal year. The company has reported $2.1 billion in sales over the past 12 months and is expected to report $2.2 billion in sales in the next fiscal year.
Citigroup Inc. (NYSE:C) rated Ferrellgas Partners, LP (NYSE:FGP) at Hold, according to a research note Thursday. Citigroup's John K. Tysseland wrote in a research note, "We are changing our risk rating for FGP to High Risk (2H) from Speculative (2S) now that the partnership has improved its distribution coverage during the last two fiscal years. However, FGP has the highest leveraged balance sheet and has yet to increase the distribution." The company has reported $2.1 billion in sales over the past 12 months and is expected to report $2.2 billion in sales in the next fiscal year.
http://www.ferrellgas.com Ferrellgas is a propane gas company that has been serving approximately 1 million Customers across the United States for over 70 years. Ferrellgas has propane solutions for home, business, and agricultural needs.
Fourth Quarter Revenue for Ferrellgas Partners for its three months ended July 31st increased by 27% to $449.6 million. The industry, Petroleum Product Distribution, in which Ferrellgas Partners is a member generated a Revenue increase of 42.9% over the same period of time. Currently, the Petroleum Product Distribution industry is ranked at 8 out of 228 industries based on the Revenue growth rates for all industries over the latest 12 months.
A video of how a large company is pushing a family around after losing everything in a house fire.
http://www.superpages.com/bp/Overland-Park-KS/Ferrellgas-Partners-LP-L0119573806.htm?C=Ferrellgas+&L;=Overland+Park%2C+KS&lbp;=1
For more information: http://allfla.sh/EL Disk-based storage remains the bane of many data center environments, creating performance challenges that make it difficult to consolidate databases and workloads and leads to complex tiered islands of storage with massive hidden costs. In This Customer-Driven Webcast You’ll Get Answers from Bill Evans, VP IT at Ferrellgas, on Questions such as: • Are you interested in integrating workloads on the path to consolidating databases? • Are you dealing with aging storage technology, and escalating support and maintenance costs? • Are you saddled with a complex tiered storage solution that requires constant maintenance? • Is your data protection solution cumbersome? • Would you like to reduce your storage costs dramatically? For more information: ht...
The Atchison Youth Leadership Conference, co-sponsored by the Atchison Area Chamber of Commerce and Benedictine College, put four top business leaders in front of about 200 high school and college students, faculty, staff and local business leaders April 11, 2011. Bud Cray, former CEO at MGP Ingredients, Inc.; Jim Ferrell, CEO at Ferrellgas; Mike Haverty, CEO at Kansas City Southern Railway; and Tim Newkirk, current CEO at MGP Ingredients, Inc. provided insight into their youth in Atchison and their thoughts on what it takes to be a leader.