Ferrellgas Partners LP (FGP) is an oil refinery and marketing stock that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on FGP’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Ferrellgas Partners could be a solid choice for investors.
Current Quarter Estimates for FGP
In the past 30 days, 1 estimate has gone higher for Ferrellgas Partners while 1 has gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 42 cents a share 30 days ago, to a loss of 27 cents today.
Current Year Estimates for FGP
Meanwhile, Ferrellgas Partners’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to no lower estimate. The consensus estimate trend has also seen a boost for this time frame, increasing from 99 cents per share 30 days ago to $1.43 per share today, an increase of 44.4%%.
Bottom Line
The stock has also started to move higher lately, adding 7.3% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.
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