Q4 2018 EPS Estimates for DCP Midstream LP Cut by Analyst (DCP)

DCP Midstream LP (NYSE:DCP) – Stock analysts at US Capital Advisors cut their Q4 2018 earnings estimates for shares of DCP Midstream in a research note issued to investors on Wednesday, January 16th. US Capital Advisors analyst B. Followill now anticipates that the pipeline company will post earnings of $0.45 per share for the quarter, down from their previous estimate of $0.50.

DCP Midstream (NYSE:DCP) last issued its quarterly earnings results on Monday, November 5th. The pipeline company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.23). The business had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $3.16 billion. DCP Midstream had a net margin of 2.76% and a return on equity of 4.18%. The business’s revenue was up 34.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.41) earnings per share.

DCP has been the subject of a number of other reports. Zacks Investment Research downgraded DCP Midstream from a “hold” rating to a “strong sell” rating in a research report on Friday, January 11th. Wells Fargo & Co decreased their price target on 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. Bank of America set a $46.00 price target on DCP Midstream and gave the company a “buy” rating in a research report on Wednesday, November 7th. Barclays set a $41.00 price target on DCP Midstream and gave the company a “sell” rating in a research report on Friday, October 12th. Finally, ValuEngine raised DCP Midstream from a “sell” rating to a “hold” rating in a research report on Wednesday, January 9th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $42.42.

Shares of DCP opened at $32.89 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.65 and a quick ratio of 0.62. The company has a market cap of $4.68 billion, a P/E ratio of 62.06 and a beta of 2.28. DCP Midstream has a 12 month low of $24.18 and a 12 month high of $46.67.

In other news, Director Fred J. Fowler acquired 2,500 shares of DCP Midstream stock in a transaction on Saturday, December 28th. The stock was acquired at an average cost of $26.10 per share, with a total value of $65,250.00. Following the completion of the acquisition, the director now owns 26,800 shares in the company, valued at $699,480. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.04% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of DCP Midstream in the third quarter worth $45,536,000. Clinton Group Inc. bought a new position in shares of DCP Midstream in the third quarter worth $438,000. Northern Trust Corp boosted its holdings in shares of DCP Midstream by 7.6% in the second quarter. Northern Trust Corp now owns 74,533 shares of the pipeline company’s stock worth $2,948,000 after acquiring an additional 5,237 shares during the period. Perella Weinberg Partners Capital Management LP boosted its holdings in shares of DCP Midstream by 146.2% in the third quarter. Perella Weinberg Partners Capital Management LP now owns 215,189 shares of the pipeline company’s stock worth $8,519,000 after acquiring an additional 127,801 shares during the period. Finally, MetLife Investment Advisors LLC bought a new position in shares of DCP Midstream in the third quarter worth $7,079,000. 55.04% 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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Earnings History and Estimates for DCP Midstream (NYSE:DCP)

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