Barclays set a $41.00 price target on DCP Midstream (NYSE:DCP) in a report published on Friday morning. The brokerage currently has a sell rating on the pipeline company’s stock.
Other equities analysts have also recently issued research reports about the stock. Citigroup boosted their price objective on shares of DCP Midstream from $44.00 to $46.00 and gave the company a neutral rating in a research note on Wednesday, August 8th. Bank of America reduced their price objective on shares of DCP Midstream from $48.00 to $44.00 and set a buy rating for the company in a research note on Monday, October 1st. Stifel Nicolaus raised shares of DCP Midstream from a hold rating to a buy rating and boosted their price objective for the company from $42.00 to $51.00 in a research note on Monday, August 13th. US Capital Advisors reaffirmed an overweight rating on shares of DCP Midstream in a research note on Tuesday, July 17th. Finally, Zacks Investment Research cut shares of DCP Midstream from a buy rating to a hold rating in a research note on Thursday, July 19th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $45.36.
Shares of NYSE DCP traded down $0.40 during midday trading on Friday, hitting $41.60. The company’s stock had a trading volume of 700,958 shares, compared to its average volume of 567,190. DCP Midstream has a one year low of $32.08 and a one year high of $46.67. The company has a quick ratio of 0.65, a current ratio of 0.68 and a debt-to-equity ratio of 0.67. The firm has a market cap of $5.67 billion, a P/E ratio of 78.49 and a beta of 2.32.
DCP Midstream (NYSE:DCP) last posted its quarterly earnings results on Tuesday, August 7th. The pipeline company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.17). The business had revenue of $2.32 billion during the quarter. DCP Midstream had a net margin of 1.84% and a return on equity of 3.07%. Equities analysts expect that DCP Midstream will post 1.12 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in the business. Tortoise Index Solutions LLC grew its stake in DCP Midstream by 16.2% in the 2nd quarter. Tortoise Index Solutions LLC now owns 13,675 shares of the pipeline company’s stock worth $541,000 after buying an additional 1,909 shares in the last quarter. LPL Financial LLC grew its stake in DCP Midstream by 31.8% in the 1st quarter. LPL Financial LLC now owns 8,698 shares of the pipeline company’s stock worth $305,000 after buying an additional 2,099 shares in the last quarter. Moody Aldrich Partners LLC purchased a new position in DCP Midstream in the 2nd quarter worth approximately $90,134,000. Ballentine Partners LLC grew its stake in DCP Midstream by 13.1% in the 2nd quarter. Ballentine Partners LLC now owns 23,679 shares of the pipeline company’s stock worth $937,000 after buying an additional 2,739 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in DCP Midstream by 43.8% in the 1st quarter. Jane Street Group LLC now owns 12,236 shares of the pipeline company’s stock worth $430,000 after buying an additional 3,727 shares in the last quarter. 55.05% of the stock is owned by institutional investors and hedge funds.
DCP Midstream Company Profile
DCP Midstream, LP, together with its subsidiaries, owns, operates, acquires, and develops a portfolio of midstream energy assets in the United States. The company operates in two segments, Gathering and Processing, and Logistics and Marketing. The Gathering and Processing segment is involved in gathering, compressing, treating, and processing natural gas; producing and fractionating natural gas liquids (NGLs); and recovering condensate.
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