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FERRELLGAS PARTNERS
NYSE
FGP
Ferrellgas Partners FGP delivered third-quarter fiscal 2019 adjusted earnings of 21 cents per unit, which beat the Zacks Consensus Estimate of 14 cents by 50%. The partnership generated earnings of 11 cents in the prior-year quarter. Total Revenues In the quarter, Ferrellgas Partners’ total revenues amounted to $480 million, down 7% from $516 million in the...
FGP has been taking a beating recently after earnings and is in the middle of a turnaround. Chart has recently formed a cup and handle pattern with the handle bouncing back up to support at $2 in the same day with Ichimoku support as well. With the unwinding of midstream operations drawing to a close to focus on core company business and recent push of high...
If this stock gaps to $15 which is below a very good bounce resistance of $16. I would short to target #1 of 13.42 and then target #2 of 11.22 which is a fairly strong resistance back in 2008/2009
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