R. F. Lafferty initiated coverage on shares of DCP Midstream Partners, LP (NYSE:DCP) in a report published on Thursday. The firm issued a buy rating and a $38.00 price target on the pipeline company’s stock.

DCP has been the topic of a number of other reports. Royal Bank Of Canada restated a sector perform rating and issued a $37.00 price target (down from $40.00) on shares of DCP Midstream Partners, in a research report on Tuesday, August 8th. Barclays PLC dropped their target price on shares of DCP Midstream Partners, from $40.00 to $37.00 and set an equal weight rating for the company in a research note on Thursday, August 17th. Credit Suisse Group AG dropped their target price on shares of DCP Midstream Partners, from $44.00 to $40.00 and set a neutral rating for the company in a research note on Tuesday, August 8th. Zacks Investment Research downgraded shares of DCP Midstream Partners, from a hold rating to a sell rating in a research note on Tuesday, July 18th. Finally, Jefferies Group LLC reaffirmed a hold rating and issued a $33.00 target price (down from $35.00) on shares of DCP Midstream Partners, in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $39.36.

Shares of DCP Midstream Partners, (NYSE:DCP) traded down 0.20% during midday trading on Thursday, hitting $35.17. 174,362 shares of the company’s stock traded hands. DCP Midstream Partners, has a 1-year low of $29.70 and a 1-year high of $42.45. The firm has a market capitalization of $5.04 billion, a price-to-earnings ratio of 18.98 and a beta of 2.10. The company has a 50 day moving average price of $32.45 and a 200 day moving average price of $34.57.

DCP Midstream Partners, (NYSE:DCP) last released its quarterly earnings results on Monday, August 7th. The pipeline company reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.04. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.60 billion. DCP Midstream Partners, had a net margin of 7.93% and a return on equity of 6.71%. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis. Equities analysts anticipate that DCP Midstream Partners, will post $1.29 earnings per share for the current year.

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Several institutional investors and hedge funds have recently bought and sold shares of DCP. Advisory Research Inc. bought a new stake in shares of DCP Midstream Partners, during the second quarter worth approximately $347,051,000. Goldman Sachs Group Inc. bought a new stake in shares of DCP Midstream Partners, during the second quarter worth approximately $246,698,000. Kayne Anderson Capital Advisors LP bought a new stake in shares of DCP Midstream Partners, during the second quarter worth approximately $239,264,000. Alps Advisors Inc. bought a new stake in shares of DCP Midstream Partners, during the second quarter worth approximately $223,169,000. Finally, Tortoise Capital Advisors L.L.C. bought a new stake in shares of DCP Midstream Partners, during the second quarter worth approximately $126,078,000. 55.13% of the stock is owned by institutional investors and hedge funds.

DCP Midstream Partners, Company Profile

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.

Analyst Recommendations for DCP Midstream Partners, (NYSE:DCP)

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