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Equities researchers at RBC Capital raised their price target on shares of DCP Midstream Partners, (NYSE:DPM) from $56.00 to $58.00 in a research report issued on Monday, Analyst Ratings Network reports. RBC Capital’s price target would suggest a potential upside of 6.50% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of DCP Midstream Partners, in a research note on Thursday, May 8th. They now have a $59.00 price target on the stock, up previously from $55.00. Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of DCP Midstream Partners, in a research note on Thursday, May 8th. They now have a $60.00 price target on the stock, up previously from $55.00. Finally, analysts at Wunderlich raised their price target on shares of DCP Midstream Partners, from $53.00 to $57.00 in a research note on Thursday, May 8th. They now have a “hold” rating on the stock. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $58.56.

Shares of DCP Midstream Partners, (NYSE:DPM) traded down 0.26% on Monday, hitting $54.46. 123,766 shares of the company’s stock traded hands. DCP Midstream Partners, has a one year low of $45.02 and a one year high of $58.50. The stock has a 50-day moving average of $52.5 and a 200-day moving average of $49.72. The company has a market cap of $5.087 billion and a P/E ratio of 38.72.

DCP Midstream Partners, (NYSE:DPM) last announced its earnings results on Tuesday, May 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.01. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $978.54 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 47.9% on a year-over-year basis. Analysts expect that DCP Midstream Partners, will post $2.25 EPS for the current fiscal year.

DCP Midstream Partners, LP is engaged in the business of gathering, compressing, treating, processing, transporting, storing and selling natural gas; transporting, storing and selling propane in wholesale markets, and producing, fractionating, transporting, storing and selling natural gas liquids (NYSE:DPM) and condensate.

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