DCP Midstream Partners, LP (NYSE:DPM) – Investment analysts at Jefferies Group issued their Q3 2016 earnings per share (EPS) estimates for shares of DCP Midstream Partners, in a report released on Thursday. Jefferies Group analyst C. Sighinolfi forecasts that the firm will earn $0.47 per share for the quarter. Jefferies Group also issued estimates for DCP Midstream Partners,’s FY2016 earnings at $2.14 EPS and FY2017 earnings at $2.11 EPS.

DCP Midstream Partners, (NYSE:DPM) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by $0.28. The business earned $348 million during the quarter, compared to the consensus estimate of $385.48 million. During the same period in the previous year, the business posted $0.62 EPS. The business’s revenue was down 19.1% compared to the same quarter last year.

Earnings History and Estimates for DCP Midstream Partners, (NYSE:DPM)

DPM has been the topic of a number of other research reports. Zacks Investment Research upgraded DCP Midstream Partners, from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Tuesday, October 4th. Wunderlich increased their target price on DCP Midstream Partners, from $35.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, August 31st. Ladenburg Thalmann cut DCP Midstream Partners, from a “buy” rating to a “neutral” rating and set a $36.00 target price on the stock. in a report on Thursday, July 21st. FBR & Co started coverage on DCP Midstream Partners, in a report on Friday, September 9th. They set a “market perform” rating and a $33.00 target price on the stock. Finally, Bank of America Corp. increased their target price on DCP Midstream Partners, from $25.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, June 21st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. DCP Midstream Partners, currently has an average rating of “Hold” and a consensus price target of $32.42.

Shares of DCP Midstream Partners, (NYSE:DPM) opened at 35.00 on Monday. The firm has a 50-day moving average price of $34.36 and a 200-day moving average price of $33.63. DCP Midstream Partners, has a 1-year low of $15.09 and a 1-year high of $38.15. The stock has a market capitalization of $4.02 billion, a PE ratio of 26.06 and a beta of 1.56.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Harvest Fund Advisors LLC raised its position in DCP Midstream Partners, by 12.0% in the first quarter. Harvest Fund Advisors LLC now owns 3,030,193 shares of the company’s stock valued at $82,512,000 after buying an additional 325,299 shares during the period. ING Groep NV raised its position in DCP Midstream Partners, by 8.4% in the second quarter. ING Groep NV now owns 961,768 shares of the company’s stock valued at $33,171,000 after buying an additional 74,290 shares during the period. Williams Jones & Associates LLC raised its position in DCP Midstream Partners, by 28.8% in the first quarter. Williams Jones & Associates LLC now owns 93,380 shares of the company’s stock valued at $2,543,000 after buying an additional 20,905 shares during the period. Rafferty Asset Management LLC bought a new position in DCP Midstream Partners, during the second quarter valued at approximately $2,356,000. Finally, BP Capital Fund Advisors LLC bought a new position in DCP Midstream Partners, during the first quarter valued at approximately $1,280,000.

About DCP Midstream Partners,

DCP Midstream Partners, LP is a limited partnership. The Company operates through three segments: Natural Gas Services, NGL Logistics and Wholesale Propane Logistics. Its Natural Gas Services segment consists of a geographically diverse complement of assets and ownership interests that provide a range of wellhead to market services for its producer customer, which include gathering, compressing, treating, processing, transporting and storing natural gas, and fractionating NGLs.

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