Dominion Midstream Partners (DM) Receiving Somewhat Positive News Coverage, Accern Reports
News stories about Dominion Midstream Partners (NYSE:DM) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Dominion Midstream Partners earned a news sentiment score of 0.05 on Accern’s scale. Accern also assigned news headlines about the pipeline company an impact score of 45.9508736535085 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Several research firms have commented on DM. Royal Bank Of Canada reaffirmed a “buy” rating and set a $35.00 price objective on shares of Dominion Midstream Partners in a research note on Wednesday, September 27th. BidaskClub raised Dominion Midstream Partners from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. Zacks Investment Research raised Dominion Midstream Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Stifel Nicolaus set a $33.00 price objective on Dominion Midstream Partners and gave the company a “buy” rating in a research note on Thursday, August 3rd. Finally, Scotiabank reiterated a “buy” rating and set a $35.00 target price on shares of Dominion Midstream Partners in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $34.78.
Dominion Midstream Partners (NYSE:DM) traded down $0.10 during midday trading on Wednesday, reaching $31.10. The company’s stock had a trading volume of 178,100 shares, compared to its average volume of 220,732. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.47 and a quick ratio of 0.41. Dominion Midstream Partners has a 52 week low of $24.40 and a 52 week high of $34.85. The firm has a market cap of $3,080.00, a PE ratio of 22.59, a price-to-earnings-growth ratio of 1.20 and a beta of 1.68.
Dominion Midstream Partners (NYSE:DM) last released its earnings results on Monday, October 30th. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.04. Dominion Midstream Partners had a return on equity of 2.14% and a net margin of 22.61%. The company had revenue of $113.00 million for the quarter, compared to analysts’ expectations of $104.86 million. During the same quarter in the previous year, the firm posted $0.30 EPS. The firm’s quarterly revenue was up 18.7% on a year-over-year basis. research analysts predict that Dominion Midstream Partners will post 1.45 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Monday, November 6th were given a dividend of $0.3025 per share. This is a boost from Dominion Midstream Partners’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $1.21 annualized dividend and a yield of 3.89%. Dominion Midstream Partners’s payout ratio is presently 90.30%.
Dominion Midstream Partners Company Profile
Dominion Energy Midstream Partners, LP, formerly Dominion Midstream Partners, LP, is a limited partnership. The Company is formed to grow a portfolio of natural gas terminaling, processing, storage, transportation and related assets. The Company’s segments include Dominion Energy, which consists of gas transportation, liquefied natural gas (LNG) import and storage, and Corporate and Other.
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