DCP Midstream - DCP Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for DCP Midstream in the last twelve months. There are currently 3 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" DCP shares.
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8 Wall Street analysts have issued 1 year target prices for DCP Midstream's stock. Their DCP share price forecasts range from $36.00 to $45.00. On average, they expect the company's stock price to reach $41.14 in the next year. This suggests a possible upside of 4.8% from the stock's current price.
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DCP Midstream's stock was trading at $27.48 on January 1st, 2022. Since then, DCP stock has increased by 42.9% and is now trading at $39.27.
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DCP Midstream saw a increase in short interest in November. As of November 15th, there was short interest totaling 5,100,000 shares, an increase of 23.2% from the October 31st total of 4,140,000 shares. Based on an average trading volume of 805,900 shares, the days-to-cover ratio is currently 6.3 days. Approximately 5.9% of the company's stock are short sold.
View DCP Midstream's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
View our DCP earnings forecast.

DCP Midstream, LP (NYSE:DCP) announced its quarterly earnings results on Tuesday, November, 2nd. The pipeline company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by $0.52. The pipeline company had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $4.80 billion. DCP Midstream had a trailing twelve-month return on equity of 20.94% and a net margin of 7.16%. During the same quarter last year, the company posted $0.46 earnings per share.

DCP Midstream announced a quarterly dividend on Thursday, October 13th. Investors of record on Friday, October 28th will be paid a dividend of $0.43 per share on Monday, November 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date of this dividend is Thursday, October 27th.
Read our dividend analysis for DCP.

DCP Midstream (NYSE:DCP) pays an annual dividend of $1.72 per share and currently has a dividend yield of 4.35%. DCP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 34.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DCP will have a dividend payout ratio of 34.82% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DCP.

125 employees have rated DCP Midstream Chief Executive Officer Wouter van Kempen on Glassdoor.com. Wouter van Kempen has an approval rating of 71% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other DCP Midstream investors own include Energy Transfer (ET), NGL Energy Partners (NGL), Enterprise Products Partners (EPD), AT&T (T), Annaly Capital Management (NLY), Martin Midstream Partners (MMLP), Alliance Resource Partners (ARLP), AGNC Investment (AGNC), Chimera Investment (CIM) and New Residential Investment (NRZ).

DCP Midstream trades on the New York Stock Exchange (NYSE) under the ticker symbol "DCP."

DCP Midstream's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Tortoise Capital Advisors L.L.C. (4.27%), Blackstone Inc. (3.87%), Chickasaw Capital Management LLC (1.50%), Barclays PLC (0.86%), UBS Group AG (0.62%) and First Trust Advisors LP (0.55%). Insiders that own company stock include Clifford Todd Denton, Don Baldridge, Fred J Fowler, Kempen Wouter T Van, Richard A Loving and Sean O'brien.
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Shares of DCP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DCP stock can currently be purchased for approximately $39.27.

DCP Midstream (NYSE:DCP) has a market capitalization of $8.18 billion and generates $10.71 billion in revenue each year. The pipeline company earns $391 million in net income (profit) each year or $5.03 on an earnings per share basis.

The company employs 1,788 workers across the globe.

DCP Midstream's mailing address is 370 17TH STREET SUITE 2500, DENVER CO, 80202. The official website for the company is www.dcpmidstream.com. The pipeline company can be reached via phone at (303) 595-3331, via email at mmcginnis@dcpmidstream.com, or via fax at 303-633-2921.