DCP Midstream Partners, LP (DCP) Given Consensus Rating of “Hold” by Brokerages
Shares of DCP Midstream Partners, LP (NYSE:DCP) have earned a consensus rating of “Hold” from the eleven analysts that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $39.67.
Several brokerages recently commented on DCP. Zacks Investment Research raised DCP Midstream Partners, from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 7th. US Capital Advisors raised DCP Midstream Partners, from a “hold” rating to an “overweight” rating in a research note on Wednesday, May 24th.
DCP Midstream Partners, (NYSE:DCP) opened at 30.80 on Friday. The firm’s 50-day moving average is $34.86 and its 200-day moving average is $37.38. The firm has a market capitalization of $4.41 billion, a PE ratio of 18.27 and a beta of 2.11. DCP Midstream Partners, has a 12 month low of $29.71 and a 12 month high of $42.45.
DCP Midstream Partners, (NYSE:DCP) last announced its quarterly earnings results on Wednesday, May 10th. The pipeline company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.10. The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $613.40 million. DCP Midstream Partners, had a return on equity of 8.15% and a net margin of 10.53%. The firm’s quarterly revenue was up 44.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 EPS. On average, equities research analysts expect that DCP Midstream Partners, will post $1.27 EPS for the current year.
DCP Midstream Partners, Company Profile
DCP Midstream, LP, formerly DCP Midstream Partners, LP, is a producer and marketer of natural gas liquids (NGLs) in the United States. The Company is engaged in the business of gathering, compressing, treating, processing, transporting, storing and selling natural gas; producing, fractionating, transporting, storing and selling NGLs and recovering, and selling condensate, and transporting, storing and selling propane in wholesale markets.
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