DCP Midstream (DCP) Given a $39.00 Price Target at Stifel Nicolaus

Stifel Nicolaus set a $39.00 target price on DCP Midstream (NYSE:DCP) in a research report sent to investors on Monday, December 18th, Marketbeat Ratings reports. The brokerage currently has a buy rating on the pipeline company’s stock.

Several other equities research analysts also recently issued reports on DCP. Jefferies Group reaffirmed a hold rating and issued a $33.00 price target (down from $35.00) on shares of DCP Midstream in a research report on Friday, September 1st. R. F. Lafferty started coverage on DCP Midstream in a research report on Thursday, October 5th. They issued a buy rating and a $38.00 price target on the stock. Finally, Zacks Investment Research downgraded DCP Midstream from a hold rating to a sell rating in a research report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $39.17.

DCP Midstream (NYSE:DCP) traded up $0.07 during trading on Monday, reaching $41.63. 913,912 shares of the company’s stock traded hands, compared to its average volume of 384,698. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.73 and a quick ratio of 0.70. The firm has a market capitalization of $5,955.96, a P/E ratio of 58.63 and a beta of 2.10. DCP Midstream has a 52-week low of $29.70 and a 52-week high of $42.45.

In other DCP Midstream news, CEO Kempen Wouter T. Van purchased 750 shares of the business’s stock in a transaction 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 purchase, the chief executive officer now directly owns 750 shares in the company, valued at $750,000. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Brent L. Backes purchased 150 shares of the business’s stock in a transaction on Monday, November 20th. The shares were acquired at an average price of $1,000.00 per share, with a total value of $150,000.00. Following the purchase, 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. In the last 90 days, insiders have acquired 950 shares of company stock valued at $950,000. Corporate insiders own 0.04% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of DCP Midstream by 0.3% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 674,252 shares of the pipeline company’s stock valued at $23,356,000 after acquiring an additional 1,746 shares during the last quarter. Ffcm LLC bought a new position in shares of DCP Midstream in the second quarter valued at approximately $117,000. The Manufacturers Life Insurance Company bought a new position in shares of DCP Midstream in the second quarter valued at approximately $119,000. Salem Investment Counselors Inc. bought a new position in shares of DCP Midstream in the second quarter valued at approximately $135,000. Finally, Conning Inc. raised its stake in shares of DCP Midstream by 5.7% in the third quarter. Conning Inc. now owns 86,606 shares of the pipeline company’s stock valued at $3,000,000 after acquiring an additional 4,669 shares during the last quarter. Institutional investors own 54.88% 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.

Analyst Recommendations for DCP Midstream (NYSE:DCP)

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