FY2019 Earnings Estimate for DCP Midstream LP (DCP) Issued By US Capital Advisors

DCP Midstream LP (NYSE:DCP) – Equities research analysts at US Capital Advisors issued their FY2019 earnings per share (EPS) estimates for shares of DCP Midstream in a research note issued to investors on Thursday. US Capital Advisors analyst B. Followill anticipates that the pipeline company will post earnings of $1.98 per share for the year.

DCP has been the topic of several other reports. Credit Suisse Group assumed coverage on DCP Midstream in a research report on Thursday. They issued a “neutral” rating and a $36.00 price objective on the stock. Zacks Investment Research upgraded DCP Midstream from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective on the stock in a research report on Tuesday. R. F. Lafferty assumed coverage on DCP Midstream in a research report on Thursday, October 5th. They issued a “buy” rating and a $38.00 price objective on the stock. Finally, Stifel Nicolaus set a $39.00 price objective on DCP Midstream and gave the company a “buy” rating in a research report on Monday, December 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $38.58.

Shares of DCP Midstream (DCP) traded down $0.89 during trading hours on Friday, hitting $38.34. The stock had a trading volume of 546,705 shares, compared to its average volume of 392,039. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.73 and a quick ratio of 0.70. DCP Midstream has a twelve month low of $29.70 and a twelve month high of $42.45. The stock has a market capitalization of $5,490.00, a P/E ratio of 54.00 and a beta of 2.10.

In other news, insider Don Baldridge acquired 50 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were bought at an average cost of $1,000.00 per share, for a total transaction of $50,000.00. Following the acquisition, the insider now directly owns 50 shares in the company, valued at approximately $50,000. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Kempen Wouter T. Van acquired 750 shares of the business’s stock in a transaction dated 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 in the company, valued at $750,000. The disclosure for this purchase can be found here. Insiders have purchased 950 shares of company stock worth $950,000 over the last quarter. 0.04% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. Ffcm LLC purchased a new position in shares of DCP Midstream in the 2nd quarter worth about $117,000. The Manufacturers Life Insurance Company purchased a new position in shares of DCP Midstream in the 2nd quarter worth about $119,000. Salem Investment Counselors Inc. purchased a new position in shares of DCP Midstream in the 2nd quarter worth about $135,000. QS Investors LLC purchased a new position in shares of DCP Midstream in the 2nd quarter worth about $167,000. Finally, Advisors Asset Management Inc. purchased a new position in shares of DCP Midstream in the 2nd quarter worth about $178,000. 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.

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