Shares of DCP Midstream Partners, LP (NYSE:DPM) fell 3.1% on Thursday . The stock traded as low as $34.08 and last traded at $34.25, with a volume of 470,761 shares traded. The stock had previously closed at $35.35.

A number of research firms have issued reports on DPM. Jefferies Group cut shares of DCP Midstream Partners, from a “buy” rating to a “hold” rating and boosted their price objective for the company from $32.00 to $35.00 in a research report on Wednesday, June 8th. Wells Fargo & Co. cut shares of DCP Midstream Partners, from an “outperform” rating to a “market perform” rating in a research report on Monday, May 9th. Ladenburg Thalmann cut shares of DCP Midstream Partners, from a “buy” rating to a “neutral” rating and set a $36.00 price objective on the stock. in a research report on Thursday. Zacks Investment Research upgraded shares of DCP Midstream Partners, from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research report on Wednesday, July 6th. Finally, US Capital Advisors cut shares of DCP Midstream Partners, from an “overweight” rating to a “hold” rating in a research report on Wednesday, May 18th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $32.55.

The company has a 50 day moving average of $34.93 and a 200-day moving average of $27.92. The firm has a market cap of $3.94 billion and a price-to-earnings ratio of 36.83.

DCP Midstream Partners, (NYSE:DPM) last released its quarterly earnings data on Wednesday, May 4th. The company reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.09. The business had revenue of $379 million for the quarter, compared to the consensus estimate of $575.65 million. DCP Midstream Partners,’s revenue for the quarter was down 33.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.71 EPS. On average, equities research analysts expect that DCP Midstream Partners, LP will post $1.78 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. California Public Employees Retirement System raised its stake in DCP Midstream Partners, by 5.4% in the fourth quarter. California Public Employees Retirement System now owns 152,700 shares of the company’s stock valued at $3,767,000 after buying an additional 7,800 shares during the period. First Trust Advisors LP raised its stake in DCP Midstream Partners, by 1.9% in the fourth quarter. First Trust Advisors LP now owns 337,997 shares of the company’s stock valued at $8,338,000 after buying an additional 6,162 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in DCP Midstream Partners, by 39.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 593,975 shares of the company’s stock valued at $14,653,000 after buying an additional 167,467 shares during the period. Atlantic Trust Group LLC raised its stake in DCP Midstream Partners, by 3.1% in the fourth quarter. Atlantic Trust Group LLC now owns 1,299,785 shares of the company’s stock valued at $32,066,000 after buying an additional 39,243 shares during the period. Finally, Kayne Anderson Capital Advisors LP raised its stake in DCP Midstream Partners, by 4.3% in the fourth quarter. Kayne Anderson Capital Advisors LP now owns 12,556,316 shares of the company’s stock valued at $309,747,000 after buying an additional 515,536 shares during the period.

DCP Midstream Partners, LP is a partnership formed by DCP Midstream, LLC to own, operate, acquire and develop a diversified portfolio of complementary midstream energy assets. The Company is engaged in the business of compressing, treating, processing, transporting, storing and selling natural gas; producing, fractionating, transporting, storing and selling natural gas liquids (NGLs) and recovering and selling condensate, and transporting, storing and selling propane in wholesale markets.

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