DCP Midstream Partners, LP (NYSE:DCP) had its price target dropped by Barclays PLC from $40.00 to $37.00 in a research note issued to investors on Thursday. The firm currently has an “equal weight” rating on the pipeline company’s stock. Barclays PLC’s price objective would indicate a potential upside of 21.47% from the stock’s previous close.

Several other research analysts have also commented on DCP. Zacks Investment Research raised DCP Midstream Partners, from a “strong sell” rating to a “hold” rating in a report on Thursday, August 10th. Credit Suisse Group dropped their target price on DCP Midstream Partners, from $44.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday, August 8th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $37.00 target price (down previously from $40.00) on shares of DCP Midstream Partners, in a report on Tuesday, August 8th. Finally, US Capital Advisors raised DCP Midstream Partners, from a “hold” rating to an “overweight” rating in a report on Wednesday, May 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $39.64.

Shares of DCP Midstream Partners, (NYSE DCP) traded up 0.76% during midday trading on Thursday, hitting $30.69. 62,022 shares of the stock were exchanged. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of 16.56 and a beta of 2.10. The firm’s 50 day moving average is $33.67 and its 200-day moving average is $36.27. DCP Midstream Partners, has a 1-year low of $29.70 and a 1-year high of $42.45.

DCP Midstream Partners, (NYSE:DCP) last posted its earnings results on Monday, August 7th. The pipeline company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.04. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $2.60 billion. DCP Midstream Partners, had a return on equity of 6.71% and a net margin of 7.93%. The business’s revenue was up 20.1% on a year-over-year basis. On average, analysts predict that DCP Midstream Partners, will post $1.20 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This story was first reported by American Banking News and is the property of of American Banking News. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/08/17/barclays-plc-cuts-dcp-midstream-partners-lp-dcp-price-target-to-37-00.html.

Several hedge funds have recently modified their holdings of DCP. ING Groep NV acquired a new position in DCP Midstream Partners, during the second quarter valued at approximately $3,379,000. Eagle Global Advisors LLC acquired a new position in DCP Midstream Partners, during the second quarter valued at approximately $106,820,000. Municipal Employees Retirement System of Michigan acquired a new position in DCP Midstream Partners, during the second quarter valued at approximately $3,147,000. Lee Financial Co acquired a new position in DCP Midstream Partners, during the second quarter valued at approximately $290,000. Finally, Tortoise Capital Advisors L.L.C. acquired a new position in DCP Midstream Partners, during the second quarter valued at approximately $126,078,000. Institutional investors and hedge funds own 55.72% of the company’s stock.

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.

Analyst Recommendations for DCP Midstream Partners, (NYSE:DCP)

Receive News & Ratings for DCP Midstream Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DCP Midstream Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.