Analysts’ Recent Ratings Changes for DCP Midstream Partners, (DCP)

DCP Midstream Partners, (NYSE: DCP) recently received a number of ratings updates from brokerages and research firms:

  • 8/10/2017 – DCP Midstream Partners, was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “DCP Midstream Partners, LP is a midstream master limited partnership that gathers, treats, compresses, processes, transports and markets natural gas and transports and markets natural gas liquids. DCP Midstream Partners, LP is managed by its general partner, DCP Midstream GP, LLC, which is wholly owned by Duke Energy Field Services, a joint venture between Duke Energy and ConocoPhillips. It is a midstream master limited partnership formed by Duke Energy Field Services to own, operate, acquire and develop a diversified portfolio of complementary midstream assets. Supported by its relationship with Duke Energy Field Services and its parents, Duke Energy and ConocoPhillips, it intend to acquire and construct additional assets and have a management team dedicated to executing our growth strategies. “
  • 8/8/2017 – DCP Midstream Partners, had its price target lowered by analysts at Credit Suisse Group from $44.00 to $40.00. They now have a “neutral” rating on the stock.
  • 8/8/2017 – DCP Midstream Partners, had its “sector perform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $37.00 price target on the stock, down previously from $40.00.
  • 8/2/2017 – DCP Midstream Partners, had its price target lowered by analysts at Royal Bank Of Canada from $40.00 to $37.00. They now have a “sector perform” rating on the stock.
  • 7/18/2017 – DCP Midstream Partners, was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “DCP Midstream Partners, LP is a midstream master limited partnership that gathers, treats, compresses, processes, transports and markets natural gas and transports and markets natural gas liquids. DCP Midstream Partners, LP is managed by its general partner, DCP Midstream GP, LLC, which is wholly owned by Duke Energy Field Services, a joint venture between Duke Energy and ConocoPhillips. It is a midstream master limited partnership formed by Duke Energy Field Services to own, operate, acquire and develop a diversified portfolio of complementary midstream assets. Supported by its relationship with Duke Energy Field Services and its parents, Duke Energy and ConocoPhillips, it intend to acquire and construct additional assets and have a management team dedicated to executing our growth strategies. “

Shares of DCP Midstream Partners, LP (NYSE DCP) opened at 31.41 on Friday. The company has a market capitalization of $4.50 billion, a price-to-earnings ratio of 18.63 and a beta of 2.10. The stock has a 50 day moving average price of $33.77 and a 200 day moving average price of $36.50. DCP Midstream Partners, LP has a 1-year low of $29.70 and a 1-year high of $42.45.

DCP Midstream Partners, (NYSE:DCP) last posted its quarterly earnings data on Monday, August 7th. The pipeline company reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.04. DCP Midstream Partners, had a return on equity of 7.91% and a net margin of 7.93%. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $2.60 billion. DCP Midstream Partners,’s revenue for the quarter was up 20.1% on a year-over-year basis. On average, equities analysts anticipate that DCP Midstream Partners, LP will post $1.16 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Tuesday, August 8th will be given a $0.78 dividend. The ex-dividend date is Friday, August 4th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 9.93%. DCP Midstream Partners,’s dividend payout ratio (DPR) is presently 164.21%.

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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