DCP Midstream Partners, LP (DPM) Trading Down 2.7%
DCP Midstream Partners, LP (NYSE:DPM)’s share price dropped 2.7% during trading on Monday . The stock traded as low as $34.01 and last traded at $34.05, with a volume of 89,780 shares. The stock had previously closed at $35.01.
DPM has been the topic of several recent research reports. Ladenburg Thalmann lowered DCP Midstream Partners, from a “buy” rating to a “neutral” rating and set a $36.00 price target on the stock. in a research report on Thursday, July 21st. Bank of America Corp. upped their target price on DCP Midstream Partners, from $25.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday, June 21st. US Capital Advisors lowered DCP Midstream Partners, from an “overweight” rating to a “hold” rating in a research report on Wednesday, May 18th. Goldman Sachs Group Inc. reaffirmed a “sell” rating and issued a $30.00 target price (up from $18.00) on shares of DCP Midstream Partners, in a research report on Tuesday, May 10th. Finally, Zacks Investment Research lowered DCP Midstream Partners, from a “buy” rating to a “hold” rating in a research report on Monday, May 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $32.10.
The company has a 50-day moving average price of $34.24 and a 200 day moving average price of $29.92. The company has a market capitalization of $3.91 billion and a PE ratio of 25.39.
DCP Midstream Partners, (NYSE:DPM) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by $0.28. The firm earned $348 million during the quarter, compared to analyst estimates of $385.48 million. During the same quarter last year, the company posted $0.62 earnings per share. The business’s revenue was down 19.1% compared to the same quarter last year. Analysts anticipate that DCP Midstream Partners, LP will post $1.42 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Stockholders of record on Friday, August 5th were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 9.15%. The ex-dividend date of this dividend was Wednesday, August 3rd.
An institutional investor recently raised its position in DCP Midstream Partners, stock. California Public Employees Retirement System increased its position in shares of DCP Midstream Partners, LP (NYSE:DPM) by 5.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 152,700 shares of the company’s stock after buying an additional 7,800 shares during the period. California Public Employees Retirement System owned approximately 0.13% of DCP Midstream Partners, worth $3,767,000 at the end of the most recent quarter.
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.