Media headlines about DCP Midstream (NYSE:DCP) have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. DCP Midstream earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned news headlines about the pipeline company an impact score of 46.206737674434 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
A number of equities analysts have recently issued reports on DCP shares. Zacks Investment Research downgraded shares of DCP Midstream from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Stifel Nicolaus set a $39.00 price objective on shares of DCP Midstream and gave the company a “buy” rating in a research note on Monday, December 18th. R. F. Lafferty started coverage on shares of DCP Midstream in a research note on Thursday, October 5th. They set a “buy” rating and a $38.00 price objective on the stock. Bank of America started coverage on shares of DCP Midstream in a research note on Tuesday, January 9th. They set a “buy” rating on the stock. Finally, Credit Suisse Group started coverage on shares of DCP Midstream in a research note on Thursday, January 4th. They set a “neutral” rating and a $36.00 price objective on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $39.17.
Shares of DCP Midstream (NYSE:DCP) traded up $0.07 on Friday, reaching $41.63. 913,912 shares of the company’s stock traded hands, compared to its average volume of 464,404. The firm has a market capitalization of $5,970.00, 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. The company has a current ratio of 0.73, a quick ratio of 0.70 and a debt-to-equity ratio of 0.67.
In related news, CEO Kempen Wouter T. Van acquired 750 shares of the stock in a transaction dated Monday, November 20th. The stock was acquired at an average cost 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 owns 750 shares of the company’s stock, valued at approximately $750,000. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, insider Don Baldridge acquired 50 shares of the stock in a transaction dated Monday, November 20th. The shares were bought at an average price of $1,000.00 per share, with a total value of $50,000.00. Following the completion of the purchase, the insider now directly owns 50 shares of the company’s stock, valued at approximately $50,000. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 950 shares of company stock valued at $950,000. 0.04% of the stock is owned by insiders.
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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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