DCP Midstream LP (NYSE:DCP) has earned an average recommendation of “Hold” from the sixteen brokerages that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $13.32.

Several equities analysts have commented on DCP shares. Jefferies Financial Group downgraded DCP Midstream from a “buy” rating to a “hold” rating and increased their target price for the company from $10.00 to $13.50 in a research report on Tuesday, June 23rd. SunTrust Banks increased their price target on DCP Midstream from $6.00 to $8.00 and gave the company a “hold” rating in a research note on Wednesday, May 13th. Mizuho decreased their price target on DCP Midstream from $24.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Credit Suisse Group increased their price target on DCP Midstream from $7.00 to $9.00 and gave the company a “neutral” rating in a research note on Tuesday, May 12th. Finally, JPMorgan Chase & Co. cut DCP Midstream from a “neutral” rating to an “underweight” rating in a research note on Tuesday, March 24th.

DCP Midstream stock traded down $0.13 during trading hours on Friday, hitting $11.08. The stock had a trading volume of 8,017 shares, compared to its average volume of 1,582,324. The company has a quick ratio of 0.96, a current ratio of 0.99 and a debt-to-equity ratio of 1.16. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of -2.78 and a beta of 3.97. DCP Midstream has a one year low of $2.20 and a one year high of $31.49. The business’s 50 day simple moving average is $11.37 and its 200-day simple moving average is $14.54.

DCP Midstream (NYSE:DCP) last posted its earnings results on Wednesday, May 6th. The pipeline company reported ($2.71) EPS for the quarter, missing the consensus estimate of $0.42 by ($3.13). The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $2.33 billion. DCP Midstream had a negative net margin of 8.58% and a positive return on equity of 6.70%. DCP Midstream’s revenue for the quarter was down 24.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 earnings per share. Research analysts anticipate that DCP Midstream will post 1.23 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. increased its position in DCP Midstream by 7.9% in the first quarter. Alps Advisors Inc. now owns 11,623,908 shares of the pipeline company’s stock worth $47,309,000 after buying an additional 847,249 shares during the last quarter. Invesco Ltd. increased its position in DCP Midstream by 22.4% in the first quarter. Invesco Ltd. now owns 11,501,809 shares of the pipeline company’s stock worth $46,812,000 after buying an additional 2,102,276 shares during the last quarter. Tortoise Capital Advisors L.L.C. increased its position in DCP Midstream by 13.0% in the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 10,434,325 shares of the pipeline company’s stock worth $465,126,000 after buying an additional 1,202,525 shares during the last quarter. Morgan Stanley increased its position in DCP Midstream by 202.4% in the first quarter. Morgan Stanley now owns 5,200,840 shares of the pipeline company’s stock worth $21,167,000 after buying an additional 3,480,844 shares during the last quarter. Finally, Brookfield Public Securities Group LLC increased its position in DCP Midstream by 22.0% in the fourth quarter. Brookfield Public Securities Group LLC now owns 2,178,385 shares of the pipeline company’s stock worth $53,348,000 after buying an additional 393,205 shares during the last quarter. 29.71% of the stock is owned by institutional investors and hedge funds.

About DCP Midstream

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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Analyst Recommendations for DCP Midstream (NYSE:DCP)

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