Somewhat Positive News Coverage Somewhat Unlikely to Impact Dominion Midstream Partners, (DM) Stock Price
Media coverage about Dominion Midstream Partners, (NYSE:DM) has been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Dominion Midstream Partners, earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave news headlines about the pipeline company an impact score of 46.2733426105182 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Dominion Midstream Partners, (NYSE DM) opened at 30.10 on Friday. Dominion Midstream Partners, has a 12 month low of $23.17 and a 12 month high of $33.70. The firm has a market cap of $2.99 billion, a PE ratio of 22.21 and a beta of 1.66. The stock’s 50 day moving average is $27.59 and its 200 day moving average is $29.30.
Dominion Midstream Partners, (NYSE:DM) last posted its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The company had revenue of $115.70 million for the quarter, compared to analyst estimates of $130.04 million. Dominion Midstream Partners, had a net margin of 19.08% and a return on equity of 1.82%. The firm’s revenue was up 35.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.28 EPS. On average, equities analysts forecast that Dominion Midstream Partners, will post $1.30 earnings per share for the current year.
Several equities research analysts have issued reports on the stock. BidaskClub raised shares of Dominion Midstream Partners, from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. Stifel Nicolaus set a $33.00 target price on shares of Dominion Midstream Partners, and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised shares of Dominion Midstream Partners, from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Barclays PLC cut shares of Dominion Midstream Partners, from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $37.00 to $32.00 in a research note on Tuesday, July 18th. Finally, TheStreet cut shares of Dominion Midstream Partners, from a “b-” rating to a “c” rating in a research note on Wednesday, May 31st. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $34.00.
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Dominion Midstream Partners, Company Profile
Dominion Energy Midstream Partners, LP, formerly Dominion Midstream Partners, LP, is a limited partnership. The Company is formed to grow a portfolio of natural gas terminaling, processing, storage, transportation and related assets. The Company’s segments include Dominion Energy, which consists of gas transportation, liquefied natural gas (LNG) import and storage, and Corporate and Other.
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