US Capital Advisors Weighs in on DCP Midstream LP’s Q2 2018 Earnings (DCP)

DCP Midstream LP (NYSE:DCP) – US Capital Advisors upped their Q2 2018 EPS estimates for DCP Midstream in a note issued to investors on Wednesday. US Capital Advisors analyst B. Followill now anticipates that the pipeline company will post earnings of $0.13 per share for the quarter, up from their previous estimate of $0.11. US Capital Advisors also issued estimates for DCP Midstream’s Q3 2018 earnings at $0.17 EPS, Q4 2018 earnings at $0.28 EPS and FY2018 earnings at $1.12 EPS.

DCP Midstream (NYSE:DCP) last issued its quarterly earnings data on Tuesday, November 7th. The pipeline company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.20). DCP Midstream had a net margin of 3.74% and a return on equity of 4.47%.

Other equities analysts have also issued reports about the stock. R. F. Lafferty initiated coverage on shares of DCP Midstream in a report on Thursday, October 5th. They set a “buy” rating and a $38.00 price objective on the stock. Stifel Nicolaus reissued a “buy” rating and set a $46.00 price objective (up from $39.00) on shares of DCP Midstream in a report on Friday, January 12th. Bank of America initiated coverage on shares of DCP Midstream in a report on Tuesday, January 9th. They set a “buy” rating on the stock. Zacks Investment Research raised shares of DCP Midstream from a “strong sell” rating to a “hold” rating in a report on Monday, November 13th. Finally, Credit Suisse Group initiated coverage on shares of DCP Midstream in a report on Thursday, January 4th. They set a “neutral” rating and a $36.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. DCP Midstream presently has an average rating of “Hold” and an average target price of $39.18.

DCP Midstream (NYSE DCP) opened at $40.93 on Monday. The stock has a market cap of $5,865.67, a P/E ratio of 57.65 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. DCP Midstream has a 1-year low of $29.70 and a 1-year high of $42.45.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DCP. The Manufacturers Life Insurance Company acquired a new stake in shares of DCP Midstream during the second quarter worth $119,000. Salem Investment Counselors Inc. acquired a new stake in shares of DCP Midstream during the second quarter worth $135,000. QS Investors LLC acquired a new stake in shares of DCP Midstream during the second quarter worth $167,000. Toronto Dominion Bank acquired a new stake in shares of DCP Midstream during the second quarter worth $200,000. Finally, Saratoga Research & Investment Management acquired a new stake in shares of DCP Midstream during the third quarter worth $213,000. 54.96% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Kempen Wouter T. Van purchased 750 shares of the business’s stock in a transaction on Monday, November 20th. The shares were acquired at an average cost of $1,000.00 per share, with a total value 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 document filed with the SEC, which is accessible through this link. Also, VP Brent L. Backes purchased 150 shares of the business’s stock in a transaction on Monday, November 20th. The stock was purchased at an average cost of $1,000.00 per share, for a total transaction of $150,000.00. Following the completion of the acquisition, the vice president now directly owns 150 shares of the company’s stock, valued at approximately $150,000. The disclosure for this purchase can be found here. Insiders acquired 950 shares of company stock worth $950,000 over the last ninety days. Corporate insiders own 0.04% of the company’s stock.

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About DCP Midstream

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 (NYSE:DCP)

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