Equities research analysts at R. F. Lafferty assumed coverage on shares of DCP Midstream Partners, LP (NYSE:DCP) in a research note issued to investors on Thursday. The brokerage set a “buy” rating and a $38.00 price target on the pipeline company’s stock. R. F. Lafferty’s price objective points to a potential upside of 9.76% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Royal Bank Of Canada reissued a “sector perform” rating and issued a $37.00 price target (down previously from $40.00) on shares of DCP Midstream Partners, in a report on Tuesday, August 8th. Credit Suisse Group lowered their price target on DCP Midstream Partners, from $44.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday, August 8th. Barclays PLC lowered their price target on DCP Midstream Partners, from $40.00 to $37.00 and set an “equal weight” rating for the company in a report on Thursday, August 17th. Zacks Investment Research raised DCP Midstream Partners, from a “strong sell” rating to a “hold” rating in a report on Thursday, August 10th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $33.00 price target (down previously from $35.00) on shares of DCP Midstream Partners, in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $39.36.

DCP Midstream Partners, (DCP) opened at 34.75 on Thursday. DCP Midstream Partners, has a 12 month low of $29.70 and a 12 month high of $42.45. The firm has a market capitalization of $4.98 billion, a PE ratio of 18.75 and a beta of 2.10. The stock has a 50 day moving average of $32.31 and a 200 day moving average of $34.57.

DCP Midstream Partners, (NYSE:DCP) last posted its earnings results on Monday, August 7th. The pipeline company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.04. DCP Midstream Partners, had a return on equity of 6.71% and a net margin of 7.93%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.60 billion. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. On average, equities analysts predict that DCP Midstream Partners, will post $1.29 earnings per share for the current fiscal year.

WARNING: This article was first posted by American Banking News and is the property of of American Banking News. If you are viewing this article on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/10/05/dcp-midstream-partners-lp-dcp-research-coverage-started-at-r-f-lafferty.html.

Several institutional investors have recently bought and sold shares of the company. Yorkville Capital Management LLC purchased a new stake in shares of DCP Midstream Partners, during the second quarter worth approximately $966,000. Toronto Dominion Bank purchased a new stake in shares of DCP Midstream Partners, during the second quarter worth approximately $200,000. Cetera Investment Advisers purchased a new stake in shares of DCP Midstream Partners, during the second quarter worth approximately $436,000. Westwood Holdings Group Inc. purchased a new stake in shares of DCP Midstream Partners, during the second quarter worth approximately $8,869,000. Finally, Castleark Management LLC purchased a new stake in shares of DCP Midstream Partners, during the second quarter worth approximately $1,823,000. Institutional investors and hedge funds own 55.13% 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.