DCP Midstream Partners, Given Average Rating of “Hold” by Brokerages (NYSE:DPM)
Shares of DCP Midstream Partners, (NYSE:DPM) have been given a consensus rating of “Hold” by the eleven brokerages that are presently covering the company, Analyst Ratings Net reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $58.31.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of DCP Midstream Partners, from a “neutral” rating to an “underperform” rating in a research note on Monday. They now have a $54.60 price target on the stock. Separately, 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. Finally, 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.
Shares of DCP Midstream Partners, (NYSE:DPM) traded down 0.72% on Tuesday, hitting $56.175. The stock had a trading volume of 141,019 shares. DCP Midstream Partners, has a 1-year low of $45.02 and a 1-year high of $57.98. The stock’s 50-day moving average is $55.02 and its 200-day moving average is $53.2. The company has a market cap of $6.205 billion and a price-to-earnings ratio of 142.52.
DCP Midstream Partners, (NYSE:DPM) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, analysts predict that DCP Midstream Partners, will post $1.68 earnings per share 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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