DCP Midstream Partners, LP Rating Increased to Neutral at Credit Suisse (DPM)
DCP Midstream Partners, LP (NYSE:DPM) was upgraded by stock analysts at Credit Suisse from an “underperform” rating to a “neutral” rating in a report issued on Friday, TheFlyOnTheWall.com reports.
DCP Midstream Partners, LP (NYSE:DPM) opened at 49.54 on Friday. DCP Midstream Partners, LP has a 52 week low of $37.78 and a 52 week high of $58.50. The stock has a 50-day moving average of $48.50 and a 200-day moving average of $49.50. The company has a market cap of $3.874 billion and a P/E ratio of 20.24.
DCP Midstream Partners, LP (NYSE:DPM) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.37 by $0.01. During the same quarter in the prior year, the company posted $0.08 earnings per share. On average, analysts predict that DCP Midstream Partners, LP will post $2.32 earnings per share for the current fiscal year.
A number of other firms have also recently commented on DPM. Analysts at Jefferies Group initiated coverage on shares of DCP Midstream Partners, LP (NYSE:DPM) in a research note to investors on Wednesday, September 4th. They set a “buy” rating and a $58.00 price target on the stock. Analysts at UBS AG raised their price target on shares of DCP Midstream Partners, LP (NYSE:DPM) from $44.00 to $54.00 in a research note to investors on Monday, July 29th. They now have a “neutral” rating on the stock. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. DCP Midstream Partners, LP presently has a consensus rating of “Buy” and a consensus price target of $52.44.
DCP Midstream Partners, LP owns, operates, acquires and develops a portfolio of midstream energy assets.
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