DCP Midstream (DCP) Upgraded at ValuEngine

ValuEngine upgraded shares of DCP Midstream (NYSE:DCP) from a sell rating to a hold rating in a report issued on Wednesday morning.

Several other research firms also recently issued reports on DCP. Jefferies Financial Group raised shares of DCP Midstream from a hold rating to a buy rating in a research report on Thursday, December 20th. Wells Fargo & Co reduced their price target on shares of DCP Midstream from $44.00 to $40.00 and set a market perform rating for the company in a research report on Monday, September 24th. Credit Suisse Group assumed coverage on shares of DCP Midstream in a research report on Thursday, October 11th. They issued an outperform rating and a $57.00 price target for the company. Citigroup reduced their price target on shares of DCP Midstream from $46.00 to $34.00 and set a neutral rating for the company in a research report on Thursday, November 29th. Finally, Morgan Stanley reduced their price target on shares of DCP Midstream from $42.00 to $41.00 and set an underweight rating for the company in a research report on Friday, November 30th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $43.08.

DCP Midstream stock traded down $0.20 during mid-day trading on Wednesday, hitting $31.50. 890,752 shares of the stock were exchanged, compared to its average volume of 904,881. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.62 and a current ratio of 0.65. DCP Midstream has a 12 month low of $24.18 and a 12 month high of $46.67. The firm has a market cap of $4.65 billion, a price-to-earnings ratio of 59.43 and a beta of 2.28.

DCP Midstream (NYSE:DCP) last announced its quarterly earnings data on Monday, November 5th. The pipeline company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.23). The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $3.16 billion. DCP Midstream had a return on equity of 4.18% and a net margin of 2.76%. The business’s quarterly revenue was up 34.3% compared to the same quarter last year. During the same period last year, the business earned ($0.41) EPS. As a group, equities research analysts predict that DCP Midstream will post 0.69 EPS for the current fiscal year.

In other news, Director Fred J. Fowler purchased 2,500 shares of the business’s stock in a transaction on Saturday, December 28th. The stock was acquired at an average price of $26.10 per share, for a total transaction of $65,250.00. Following the acquisition, the director now directly owns 26,800 shares of the company’s stock, valued at approximately $699,480. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.04% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DCP. Moody Aldrich Partners LLC purchased a new position in DCP Midstream during the 2nd quarter valued at $90,134,000. Russell Investments Group Ltd. purchased a new position in DCP Midstream during the 2nd quarter valued at $174,000. Advisors Asset Management Inc. purchased a new position in DCP Midstream during the 2nd quarter valued at $212,000. GAM Holding AG purchased a new position in DCP Midstream during the 3rd quarter valued at $331,000. Finally, US Bancorp DE boosted its holdings in DCP Midstream by 176.9% during the 3rd quarter. US Bancorp DE now owns 10,374 shares of the pipeline company’s stock valued at $411,000 after acquiring an additional 6,627 shares during the period. Institutional investors and hedge funds own 55.03% of the company’s stock.

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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Analyst Recommendations for DCP Midstream (NYSE:DCP)

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