DCP Midstream Partners, LP (NYSE:DPM) gapped up before the market opened on Friday . The stock had previously closed at $34.05, but opened at $34.12. DCP Midstream Partners, shares last traded at $34.30, with a volume of 89,308 shares trading hands.

A number of research analysts have commented on the company. Citigroup Inc. increased their price objective on DCP Midstream Partners, from $25.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, April 19th. Royal Bank Of Canada increased their price objective on DCP Midstream Partners, from $26.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, May 11th. Zacks Investment Research upgraded DCP Midstream Partners, from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Monday, May 2nd. Wells Fargo & Co. lowered DCP Midstream Partners, from an “outperform” rating to a “market perform” rating in a research report on Monday, May 9th. Finally, Jefferies Group lowered DCP Midstream Partners, from a “buy” rating to a “hold” rating and increased their price objective for the company from $32.00 to $35.00 in a research report on Wednesday, June 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $32.10.

The company has a 50 day moving average of $34.26 and a 200 day moving average of $29.22. The firm has a market cap of $3.92 billion and a price-to-earnings ratio of 25.43.

DCP Midstream Partners, (NYSE:DPM) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.40 by $0.28. The company had revenue of $348 million for the quarter, compared to the consensus estimate of $385.48 million. During the same quarter last year, the company posted $0.62 earnings per share. The firm’s revenue was down 19.1% compared to the same quarter last year. On average, analysts expect that DCP Midstream Partners, LP will post $1.42 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 12th. Investors of record on Friday, August 5th will be paid a $0.78 dividend. The ex-dividend date is Wednesday, August 3rd. This represents a $3.12 annualized dividend and a dividend yield of 9.14%.

A hedge fund recently raised its stake in DCP Midstream Partners, stock. Kayne Anderson Capital Advisors LP raised its stake in DCP Midstream Partners, LP (NYSE:DPM) by 4.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 12,556,316 shares of the company’s stock after buying an additional 515,536 shares during the period. DCP Midstream Partners, comprises approximately 3.6% of Kayne Anderson Capital Advisors LP’s portfolio, making the stock its 9th largest position. Kayne Anderson Capital Advisors LP owned 10.94% of DCP Midstream Partners, worth $309,747,000 as of its most recent filing with the SEC.

DCP Midstream Partners, LP is a limited partnership. The Company operates through three segments: Natural Gas Services, NGL Logistics and Wholesale Propane Logistics. Its Natural Gas Services segment consists of a geographically diverse complement of assets and ownership interests that provide a range of wellhead to market services for its producer customer, which include gathering, compressing, treating, processing, transporting and storing natural gas, and fractionating NGLs.

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