DCP Midstream Partners, LP Declares Dividend of $0.73 (DPM)
DCP Midstream Partners, LP (NYSE:DPM) announced a dividend on Tuesday, January 28th, Analyst Ratings News reports. Shareholders of record on Friday, February 7th will be paid a dividend of 0.7325 per share on Friday, February 14th. The ex-dividend date is Wednesday, February 5th.
A number of research firms have recently commented on DPM. Analysts at Wunderlich initiated coverage on shares of DCP Midstream Partners, LP in a research note to investors on Friday, January 17th. They set a “hold” rating and a $53.00 price target on the stock. On the ratings front, analysts at Goldman Sachs Group Inc. initiated coverage on shares of DCP Midstream Partners, LP in a research note to investors on Wednesday, December 11th. They set a “buy” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of DCP Midstream Partners, LP from $55.00 to $56.00 in a research note to investors on Thursday, November 7th. They now have an “outperform” rating on the stock. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. DCP Midstream Partners, LP currently has a consensus rating of “Buy” and an average target price of $54.14.
DCP Midstream Partners, LP (NYSE:DPM) opened at 49.51 on Thursday. DCP Midstream Partners, LP has a one year low of $40.61 and a one year high of $58.50. The stock has a 50-day moving average of $48.84 and a 200-day moving average of $49.01. The company has a market cap of $4.318 billion and a P/E ratio of 23.43.
DCP Midstream Partners, LP (NYSE:DPM) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.31 by $0.04. The company had revenue of $641.00 million for the quarter, compared to the consensus estimate of $635.42 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. Analysts expect that DCP Midstream Partners, LP will post $1.81 EPS for the current fiscal year.
DCP Midstream Partners, LP owns, operates, acquires and develops a portfolio of midstream energy assets.
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