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

DCP Midstream, LLC (NYSE:DCP) – US Capital Advisors decreased their Q2 2018 EPS estimates for shares of DCP Midstream in a report issued on Monday, May 14th. US Capital Advisors analyst C. Crosby now anticipates that the pipeline company will earn $0.14 per share for the quarter, down from their previous forecast of $0.26. US Capital Advisors also issued estimates for DCP Midstream’s Q3 2018 earnings at $0.29 EPS, Q4 2018 earnings at $0.29 EPS, FY2018 earnings at $1.26 EPS and FY2019 earnings at $2.17 EPS.

Several other analysts have also issued reports on the company. Bank of America upgraded DCP Midstream from a “neutral” rating to a “buy” rating and upped their price objective for the company from $33.47 to $42.00 in a research note on Wednesday, March 21st. Stifel Nicolaus set a $43.00 target price on DCP Midstream and gave the stock a “buy” rating in a research note on Monday, March 12th. UBS reiterated a “buy” rating and set a $42.00 target price (down previously from $46.00) on shares of DCP Midstream in a research note on Friday, March 2nd. Barclays increased their target price on DCP Midstream from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 17th. Finally, ValuEngine upgraded DCP Midstream from a “sell” rating to a “hold” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. DCP Midstream presently has an average rating of “Hold” and an average price target of $40.50.

DCP opened at $40.83 on Thursday. DCP Midstream has a 52-week low of $39.62 and a 52-week high of $40.41. The stock has a market cap of $5.70 billion, a P/E ratio of 77.04 and a beta of 2.07. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.56 and a current ratio of 0.59.

DCP Midstream (NYSE:DCP) last posted its earnings results on Monday, May 7th. The pipeline company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.26). The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.60 billion. DCP Midstream had a net margin of 2.24% and a return on equity of 3.08%. The firm’s revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 earnings per share.

A number of large investors have recently modified their holdings of the stock. LPL Financial LLC grew its position in DCP Midstream by 31.8% during the first 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. Icon Wealth Partners LLC acquired a new stake in DCP Midstream during the fourth quarter worth approximately $102,000. SeaCrest Wealth Management LLC acquired a new stake in DCP Midstream during the fourth quarter worth approximately $110,000. Jane Street Group LLC grew its position in DCP Midstream by 43.8% during the first 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. Finally, Captrust Financial Advisors acquired a new stake in DCP Midstream during the fourth quarter worth approximately $183,000. 55.02% of the stock is currently owned by institutional investors and hedge funds.

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 15th. Investors of record on Tuesday, May 8th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 7.64%. The ex-dividend date of this dividend was Monday, May 7th. DCP Midstream’s dividend payout ratio is currently 588.68%.

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.

Earnings History and Estimates for DCP Midstream (NYSE:DCP)

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