Equities research analysts expect DCP Midstream LP (NYSE:DCP) to post earnings per share of $0.37 for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for DCP Midstream’s earnings. The highest EPS estimate is $0.64 and the lowest is ($0.04). DCP Midstream posted earnings per share of $0.10 in the same quarter last year, which suggests a positive year-over-year growth rate of 270%. The company is scheduled to issue its next quarterly earnings report on Tuesday, February 12th.

According to Zacks, analysts expect that DCP Midstream will report full year earnings of $0.69 per share for the current fiscal year, with EPS estimates ranging from $0.58 to $0.79. For the next year, analysts anticipate that the company will post earnings of $2.29 per share, with EPS estimates ranging from $1.17 to $3.15. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover DCP Midstream.

DCP Midstream (NYSE:DCP) last issued its quarterly earnings results on Monday, November 5th. The pipeline company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.23). The firm had revenue of $2.76 billion for the quarter, compared to the consensus estimate 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 for the quarter 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 research reports. Bank of America decreased their price target on DCP Midstream from $48.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, October 1st. Morgan Stanley increased their price target on DCP Midstream from $39.00 to $42.00 and gave the company an “underweight” rating in a research note on Friday, August 17th. Barclays set a $41.00 price target on DCP Midstream and gave the company a “sell” rating in a research note on Friday, October 12th. ValuEngine raised DCP Midstream from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Finally, 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 note on Monday, September 24th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $45.55.

Several large investors have recently made changes to their positions in DCP. FTB Advisors Inc. acquired a new stake in shares of DCP Midstream during the 2nd quarter valued at $158,000. Russell Investments Group Ltd. acquired a new stake in shares of DCP Midstream during the 2nd quarter valued at $174,000. CIBC Asset Management Inc acquired a new stake in shares of DCP Midstream during the 2nd quarter valued at $209,000. Advisors Asset Management Inc. acquired a new stake in shares of DCP Midstream during the 2nd quarter valued at $212,000. Finally, Ferris Capital LLC lifted its position in shares of DCP Midstream by 190.2% during the 2nd quarter. Ferris Capital LLC now owns 6,222 shares of the pipeline company’s stock valued at $246,000 after acquiring an additional 4,078 shares during the last quarter. Institutional investors own 55.43% of the company’s stock.

NYSE DCP traded down $0.60 on Tuesday, reaching $36.39. 1,080,300 shares of the stock traded hands, compared to its average volume of 584,510. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.62 and a current ratio of 0.65. The firm has a market cap of $5.55 billion, a P/E ratio of 68.66 and a beta of 2.27. DCP Midstream has a 12 month low of $32.33 and a 12 month high of $46.67.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 14th. Stockholders of record on Friday, November 2nd will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Thursday, November 1st. This represents a $3.12 dividend on an annualized basis and a dividend yield of 8.57%. DCP Midstream’s dividend payout ratio (DPR) is presently 588.68%.

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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