Zacks Downgrades DCP Midstream Partners, to Underperform (DPM)
DCP Midstream Partners, (NYSE:DPM) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report issued on Monday. They currently have a $54.60 target price on the stock. Zacks‘s target price points to a potential downside of 3.50% from the company’s current price.
A number of other analysts have also recently weighed in on DPM. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of DCP Midstream Partners, in a research note on Monday, June 23rd. They now have a $59.00 price target on the stock, up previously from $54.00. Analysts at Jefferies Group raised their price target on shares of DCP Midstream Partners, from $60.00 to $61.00 in a research note on Thursday, June 5th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. DCP Midstream Partners, has a consensus rating of “Hold” and a consensus price target of $58.31.
Shares of DCP Midstream Partners, (NYSE:DPM) traded up 0.62% on Monday, hitting $56.58. The stock had a trading volume of 220,930 shares. DCP Midstream Partners, has a 52-week low of $45.02 and a 52-week high of $57.98. The stock has a 50-day moving average of $55.02 and a 200-day moving average of $53.2. The company has a market cap of $6.250 billion and a P/E ratio of 141.64.
DCP Midstream Partners, (NYSE:DPM) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.29 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.43 by $0.14. The company had revenue of $812.00 million for the quarter, compared to the consensus estimate of $908.50 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. Analysts expect that DCP Midstream Partners, will post $1.68 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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