DCP Midstream Partners, (DCP) Earning Somewhat Favorable News Coverage, Analysis Finds
News stories about DCP Midstream Partners, (NYSE:DCP) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. DCP Midstream Partners, earned a news impact score of 0.17 on Accern’s scale. Accern also gave media headlines about the pipeline company an impact score of 45.7153733400743 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- US oil pipeline rivals look to consolidate West Texas projects – Business Insider (businessinsider.com)
- WFRBS Commercial Mortgage Trust 2012-C10 — Moody’s Affirms Ten and Downgrades Two Classes of WFRBS 2012-C10 (finance.yahoo.com)
- How DCP Midstream Plans to Reduce Its Commodity Price Exposure (finance.yahoo.com)
- Can DCP Midstream Gain Upward Momentum from Here? (finance.yahoo.com)
- Which MLPs Saw Ratings Upgrades Last Week? (finance.yahoo.com)
DCP has been the topic of several analyst reports. Zacks Investment Research downgraded DCP Midstream Partners, from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Jefferies Group LLC restated a “hold” rating and set a $33.00 price objective (down from $35.00) on shares of DCP Midstream Partners, in a report on Friday, September 1st. Royal Bank Of Canada dropped their price objective on DCP Midstream Partners, from $40.00 to $37.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 2nd. Barclays PLC dropped their price objective on DCP Midstream Partners, from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Thursday, August 17th. Finally, Credit Suisse Group dropped their price objective on DCP Midstream Partners, from $44.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. DCP Midstream Partners, currently has an average rating of “Hold” and an average target price of $39.36.
Shares of DCP Midstream Partners, (DCP) opened at 35.75 on Friday. DCP Midstream Partners, has a one year low of $29.70 and a one year high of $42.45. The stock has a 50 day moving average price of $33.42 and a 200-day moving average price of $34.47. The company has a market capitalization of $5.12 billion, a P/E ratio of 19.29 and a beta of 2.10.
DCP Midstream Partners, (NYSE:DCP) last announced its quarterly earnings data on Monday, August 7th. The pipeline company reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.04. DCP Midstream Partners, had a return on equity of 6.71% and a net margin of 7.93%. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $2.60 billion. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. Equities research analysts predict that DCP Midstream Partners, will post $1.27 earnings per share for the current fiscal year.
About DCP Midstream Partners,
DCP Midstream, LP, formerly DCP Midstream Partners, LP, is a producer and marketer of natural gas liquids (NGLs) in the United States. The Company is engaged in the business of gathering, compressing, treating, processing, transporting, storing and selling natural gas; producing, fractionating, transporting, storing and selling NGLs and recovering, and selling condensate, and transporting, storing and selling propane in wholesale markets.
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