Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Ferrellgas Partners, L.P.    FGP

FERRELLGAS PARTNERS, L.P.

(FGP)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Ferrellgas Partners L P : Receives Continued Listing Standards Notice From NYSE

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/11/2019 | 05:00pm EDT

LIBERTY, Mo., Jan. 11, 2019 (GLOBE NEWSWIRE) -- Ferrellgas Partners, L.P. (NYSE:FGP) (“Ferrellgas” or the “Company”) announced today that on January 10, 2019, the Company was notified by the New York Stock Exchange, Inc. (NYSE) that it is no longer in compliance with the NYSE’s continued listing standards because the average closing price of the Company’s common units over a consecutive 30-day trading period was less than $1.00 per unit. The NYSE’s notification has no impact on the Company’s business operations.

In accordance with applicable NYSE procedures, the Company will respond to the NYSE within ten business days to confirm its intent to cure this deficiency within the prescribed timeframe set out in the NYSE’s Listed Company Manual. The Company has a period of six months following the receipt of notice to regain compliance. During this time the Company’s common units will continue to be listed and trade on the NYSE. The NYSE’s notification does not affect the Company’s Securities and Exchange Commission reporting requirements.

The Company can regain compliance at any time during the six month period if its common units have a closing price of at least $1.00 on the last trading day of any calendar month during the period and also has an average closing price of at least $1.00 over the 30 trading day period ending on the last trading day of that month. As of yesterday, January 10, 2019, the Company’s unit price closed at $1.25.  If the current pricing trend were to continue, the Company would be able cure this deficiency in an accelerated timeframe.

About Ferrellgas
Ferrellgas Partners, L.P., through its operating partnership, Ferrellgas, L.P., and subsidiaries, serves propane customers in all 50 states, the District of Columbia, and Puerto Rico. Ferrellgas employees indirectly own 22.8 million common units of the partnership, through an employee stock ownership plan. Ferrellgas Partners, L.P. filed a Form 10-K with the Securities and Exchange Commission on September 27, 2018. Investors can request a hard copy of this filing free of charge and obtain more information about the partnership online at www.ferrellgas.com.

Forward Looking Statements
Statements in this release concerning expectations for the future are forward-looking statements. A variety of known and unknown risks, uncertainties and other factors could cause results, performance, and expectations to differ materially from anticipated results, performance, and expectations. These risks, uncertainties, and other factors include those discussed in the Form 10-K of Ferrellgas Partners, L.P., Ferrellgas Partners Finance Corp., Ferrellgas, L.P., and Ferrellgas Finance Corp. for the fiscal year ended July 31, 2018, and in other documents filed from time to time by these entities with the Securities and Exchange Commission.

Contacts
Bill Ruisinger, Interim Chief Financial Officer – billruisinger@ferrellgas.com, 816-792-7914

Source: Ferrellgas Partners, L.P.

2019 GlobeNewswire, Inc., source Press Releases

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on FERRELLGAS PARTNERS, L.P.
06/10FERRELLGAS PARTNERS L P : Quarterly report which provides a continuing view of a..
PU
06/10FERRELLGAS PARTNERS L P : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL COND..
AQ
06/10FERRELLGAS PARTNERS L P : Report of unscheduled material events or corporate eve..
PU
06/10FERRELLGAS PARTNERS L P : Results of Operations and Financial Condition, Regulat..
AQ
06/10Ferrellgas Partners, L.P. Reports Fiscal Third Quarter 2019 Results
GL
06/07FERRELLGAS PARTNERS L P : Regulation FD Disclosure (form 8-K/A)
AQ
06/05FERRELLGAS PARTNERS, L.P. : quaterly earnings release
05/17FERRELLGAS PARTNERS L P : Announces Third Quarter Earnings Release Date
AQ
05/17FERRELLGAS PARTNERS L P : Report of unscheduled material events or corporate eve..
PU
05/17FERRELLGAS PARTNERS L P : Regulation FD Disclosure (form 8-K)
AQ
More news
Financials ($)
Sales 2019 1 772 M
EBIT 2019 138 M
Net income 2019 -46,1 M
Debt 2019 1 985 M
Yield 2019 -
P/E ratio 2019 -
P/E ratio 2020
EV / Sales 2019 1,18x
EV / Sales 2020 1,10x
Capitalization 107 M
Chart FERRELLGAS PARTNERS, L.P.
Duration : Period :
Ferrellgas Partners, L.P. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FERRELLGAS PARTNERS, L.P.
Short TermMid-TermLong Term
TrendsBearishBullishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 3
Average target price 0,50 $
Spread / Average Target -55%
EPS Revisions
Managers
NameTitle
James E. Ferrell Chairman, President & Chief Executive Officer
Bryan J. Wright Chief Operating Officer
William E. Ruisinger CFO, Vice President-Investor Relations & Planning
Tamria Zertuche Vice President-Information Technology
A. Andrew Levison Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
FERRELLGAS PARTNERS, L.P.95.33%107
SCHLUMBERGER NV2.36%49 158
BAKER HUGHES7.40%22 650
HALLIBURTON COMPANY-17.95%18 878
TECHNIPFMC22.42%9 445
NATIONAL OILWELL VARCO-19.03%8 189