Q2 2017 EPS Estimates for DCP Midstream Partners, LP Lowered by Jefferies Group (DCP)
DCP Midstream Partners, LP (NYSE:DCP) – Investment analysts at Jefferies Group lowered their Q2 2017 earnings per share estimates for DCP Midstream Partners, in a note issued to investors on Tuesday. Jefferies Group analyst C. Sighinolfi now anticipates that the pipeline company will post earnings per share of $0.14 for the quarter, down from their prior forecast of $0.27. Jefferies Group also issued estimates for DCP Midstream Partners,’s Q3 2017 earnings at $0.14 EPS, Q4 2017 earnings at $0.20 EPS, FY2017 earnings at $0.89 EPS, Q1 2018 earnings at $0.27 EPS, Q2 2018 earnings at $0.13 EPS, Q3 2018 earnings at $0.11 EPS, Q4 2018 earnings at $0.21 EPS, FY2018 earnings at $0.73 EPS, FY2019 earnings at $0.87 EPS, FY2020 earnings at $0.52 EPS and FY2021 earnings at $2.06 EPS.
A number of other analysts have also issued reports on the stock. Zacks Investment Research lowered shares of DCP Midstream Partners, from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 18th. US Capital Advisors upgraded shares of DCP Midstream Partners, from a “hold” rating to an “overweight” rating in a research note on Wednesday, May 24th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $40.00.
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Shares of DCP Midstream Partners, (NYSE DCP) opened at 35.10 on Friday. The stock has a market capitalization of $5.03 billion, a P/E ratio of 20.82 and a beta of 2.10. DCP Midstream Partners, has a 12 month low of $29.70 and a 12 month high of $42.45. The firm has a 50 day moving average of $33.33 and a 200-day moving average of $36.90.
DCP Midstream Partners, (NYSE:DCP) last announced its earnings results on Wednesday, May 10th. The pipeline company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.10. DCP Midstream Partners, had a net margin of 10.53% and a return on equity of 8.15%. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $613.40 million. During the same period in the prior year, the firm earned $0.36 EPS. The firm’s revenue for the quarter was up 44.9% on a year-over-year basis.
About DCP Midstream Partners,
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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