DCP Midstream Partners, LP (NYSE:DCP) – Investment analysts at Jefferies Group dropped their FY2018 EPS estimates for DCP Midstream Partners, in a research note issued to investors on Monday. Jefferies Group analyst C. Sighinolfi now expects that the pipeline company will post earnings of $0.58 per share for the year, down from their previous estimate of $0.79. Jefferies Group currently has a “Hold” rating and a $33.00 target price on the stock.

DCP Midstream Partners, (NYSE:DCP) last announced its quarterly earnings results on Monday, August 7th. The pipeline company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $2.60 billion. DCP Midstream Partners, had a net margin of 7.93% and a return on equity of 6.71%. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis.

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A number of other equities research analysts have also recently issued reports on the company. Zacks Investment Research cut DCP Midstream Partners, from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. R. F. Lafferty began coverage on DCP Midstream Partners, in a research report on Thursday, October 5th. They set a “buy” rating and a $38.00 target price for the company. Royal Bank Of Canada decreased their target price on DCP Midstream Partners, from $40.00 to $37.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 2nd. Barclays PLC decreased their target price on DCP Midstream Partners, from $40.00 to $37.00 and set an “equal weight” rating for the company in a research report on Thursday, August 17th. Finally, Credit Suisse Group decreased their target price on DCP Midstream Partners, from $44.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. DCP Midstream Partners, presently has a consensus rating of “Hold” and an average target price of $39.36.

DCP Midstream Partners, (NYSE:DCP) traded down 2.78% on Wednesday, hitting $33.59. 135,694 shares of the stock were exchanged. The company has a market cap of $4.81 billion, a P/E ratio of 18.13 and a beta of 2.10. DCP Midstream Partners, has a one year low of $29.70 and a one year high of $42.45. The company’s 50 day moving average price is $33.42 and its 200-day moving average price is $34.43.

Institutional investors and hedge funds have recently bought and sold shares of the company. Phillips Financial Management LLC bought a new stake in shares of DCP Midstream Partners, in the second quarter valued at approximately $370,000. Evergreen Capital Management LLC bought a new stake in shares of DCP Midstream Partners, in the second quarter valued at approximately $4,979,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of DCP Midstream Partners, in the second quarter valued at approximately $22,751,000. Cincinnati Insurance Co. bought a new stake in shares of DCP Midstream Partners, in the second quarter valued at approximately $1,724,000. Finally, Kayne Anderson Capital Advisors LP bought a new stake in shares of DCP Midstream Partners, in the second quarter valued at approximately $239,264,000. 55.13% of the stock is owned by institutional investors.

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.

Earnings History and Estimates for DCP Midstream Partners, (NYSE:DCP)

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