Stifel Nicolaus Reiterates $39.00 Price Target for DCP Midstream (DCP)

DCP Midstream (NYSE:DCP) has been assigned a $39.00 price objective by analysts at Stifel Nicolaus in a report issued on Monday. The firm presently has a “buy” rating on the pipeline company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 5.81% from the stock’s current price.

Several other brokerages have also issued reports on DCP. R. F. Lafferty started coverage on DCP Midstream in a research report on Thursday, October 5th. They set a “buy” rating and a $38.00 target price for the company. Zacks Investment Research upgraded DCP Midstream from a “strong sell” rating to a “hold” rating in a report on Monday, November 13th. Finally, Jefferies Group reiterated a “hold” rating and issued a $33.00 price target (down previously from $35.00) on shares of DCP Midstream in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $38.64.

DCP Midstream (NYSE:DCP) opened at $36.86 on Monday. DCP Midstream has a 12-month low of $29.70 and a 12-month high of $42.45. The stock has a market capitalization of $5,282.41, a P/E ratio of 41.42 and a beta of 2.10. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.70 and a current ratio of 0.73.

In other news, CEO Kempen Wouter T. Van purchased 750 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was purchased at an average price of $1,000.00 per share, for a total transaction of $750,000.00. Following the completion of the acquisition, the chief executive officer now owns 750 shares of the company’s stock, valued at $750,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Brent L. Backes bought 150 shares of the stock in a transaction on Monday, November 20th. The shares were bought at an average price of $1,000.00 per share, with a total value of $150,000.00. Following the acquisition, the vice president now owns 150 shares of the company’s stock, valued at $150,000. The disclosure for this purchase can be found here. Insiders purchased 950 shares of company stock valued at $950,000 in the last quarter. 0.04% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. Institutional & Family Asset Management LLC purchased a new stake in DCP Midstream during the third quarter worth $2,550,000. Virtu Financial LLC purchased a new stake in DCP Midstream during the third quarter worth $573,000. First Allied Advisory Services Inc. purchased a new stake in DCP Midstream during the third quarter worth $484,000. Allianz Asset Management GmbH purchased a new stake in DCP Midstream during the third quarter worth $1,030,000. Finally, Schroder Investment Management Group purchased a new stake in DCP Midstream during the third quarter worth $4,756,000. Institutional investors own 54.88% of the company’s stock.

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DCP Midstream 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.