DCP Midstream Sees Unusually High Options Volume (NYSE:DCP)
DCP Midstream LP (NYSE:DCP) was the target of unusually large options trading on Monday. Stock investors acquired 1,444 put options on the company. This represents an increase of 1,019% compared to the average daily volume of 129 put options.
Several equities research analysts have recently commented on DCP shares. Royal Bank of Canada set a $26.00 price objective on DCP Midstream and gave the company a “hold” rating in a report on Friday, August 9th. Credit Suisse Group decreased their price objective on DCP Midstream from $39.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. Zacks Investment Research upgraded DCP Midstream from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Jefferies Financial Group upgraded DCP Midstream from a “hold” rating to a “buy” rating and decreased their price objective for the company from $32.00 to $27.00 in a report on Tuesday, October 15th. Finally, Barclays set a $26.00 price objective on DCP Midstream and gave the company a “hold” rating in a report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $33.27.
In other DCP Midstream news, Director Fred J. Fowler bought 6,000 shares of the stock in a transaction on Friday, August 9th. The stock was acquired at an average cost of $24.72 per share, for a total transaction of $148,320.00. Following the completion of the acquisition, the director now owns 32,800 shares in the company, valued at approximately $810,816. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.04% of the company’s stock.
NYSE DCP opened at $23.29 on Tuesday. The business has a 50 day moving average price of $25.44 and a 200-day moving average price of $28.68. DCP Midstream has a 52 week low of $22.71 and a 52 week high of $43.72. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 15.12, a P/E/G ratio of 8.45 and a beta of 2.13. The company has a quick ratio of 0.43, a current ratio of 0.46 and a debt-to-equity ratio of 0.75.
DCP Midstream (NYSE:DCP) last announced its quarterly earnings results on Tuesday, August 6th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.17. DCP Midstream had a return on equity of 7.72% and a net margin of 3.94%. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the prior year, the company posted $0.07 earnings per share. On average, equities research analysts anticipate that DCP Midstream will post 1.35 earnings per share for the current year.
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, Logistics and Marketing, and Gathering and Processing. The Logistics and Marketing segment engages in transporting, trading, marketing, and storing natural gas and natural gas liquids (NGLs); fractionating NGLs; and wholesale propane logistics.
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