DCP Midstream, LP (NYSE:DCP) - Equities research analysts at US Capital Advisors increased their FY2020 earnings per share (EPS) estimates for shares of DCP Midstream in a research note issued to investors on Wednesday, October 14th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will post earnings per share of $1.29 for the year, up from their prior forecast of $1.27. US Capital Advisors has a "Overweight" rating on the stock. US Capital Advisors also issued estimates for DCP Midstream's Q4 2021 earnings at $0.28 EPS.
Several other equities analysts also recently issued reports on the stock. Wells Fargo & Company raised their price target on shares of DCP Midstream from $8.00 to $10.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 22nd. ValuEngine downgraded shares of DCP Midstream from a "sell" rating to a "strong sell" rating in a research note on Thursday, October 1st. Truist Financial raised their price target on shares of DCP Midstream from $8.00 to $17.00 in a research note on Monday, August 10th. Royal Bank of Canada raised their price target on shares of DCP Midstream from $14.00 to $15.00 and gave the company a "sector perform" rating in a research note on Friday, August 14th. Finally, Credit Suisse Group raised their price target on shares of DCP Midstream from $12.00 to $16.00 and gave the company a "neutral" rating in a research note on Thursday, August 13th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of "Hold" and a consensus price target of $13.17.
Shares of NYSE:DCP opened at $13.06 on Monday. The firm has a 50 day simple moving average of $11.70 and a 200 day simple moving average of $10.76. The company has a market cap of $2.72 billion, a price-to-earnings ratio of -3.09 and a beta of 3.89. DCP Midstream has a one year low of $2.20 and a one year high of $26.26. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.99 and a quick ratio of 0.95. DCP Midstream (NYSE:DCP) last issued its quarterly earnings data on Wednesday, August 5th. The pipeline company reported $0.15 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.21 by ($0.06). The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.46 billion. DCP Midstream had a negative net margin of 10.37% and a positive return on equity of 5.79%.
A number of large investors have recently bought and sold shares of the business. Blackstone Group Inc acquired a new stake in DCP Midstream in the second quarter worth $7,246,000. Captrust Financial Advisors acquired a new stake in DCP Midstream in the second quarter worth $72,000. Glenmede Trust Co. NA acquired a new stake in DCP Midstream in the second quarter worth $651,000. Bank of America Corp DE grew its holdings in DCP Midstream by 11.1% in the second quarter. Bank of America Corp DE now owns 1,295,290 shares of the pipeline company's stock worth $14,636,000 after purchasing an additional 129,898 shares during the period. Finally, Rockefeller Capital Management L.P. grew its holdings in DCP Midstream by 194.7% in the second quarter. Rockefeller Capital Management L.P. now owns 16,855 shares of the pipeline company's stock worth $190,000 after purchasing an additional 11,135 shares during the period. Institutional investors and hedge funds own 27.28% of the company's stock.
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.
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