Analysts expect DCP Midstream LP (NYSE:DCP) to announce $0.37 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for DCP Midstream’s earnings. The highest EPS estimate is $0.64 and the lowest is ($0.04). DCP Midstream posted earnings of $0.10 per share in the same quarter last year, which suggests a positive year over year growth rate of 270%. The firm is expected to issue its next earnings report on Tuesday, February 12th.

According to Zacks, analysts expect that DCP Midstream will report full-year earnings of $0.69 per share for the current year, with EPS estimates ranging from $0.58 to $0.79. For the next financial year, analysts expect that the company will report earnings of $2.29 per share, with EPS estimates ranging from $1.17 to $3.15. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that that provide coverage for DCP Midstream.

DCP Midstream (NYSE:DCP) last issued its quarterly earnings data on Monday, November 5th. The pipeline company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.23). DCP Midstream had a return on equity of 4.18% and a net margin of 2.76%. The firm had revenue of $2.76 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same quarter in the prior year, the firm earned ($0.41) EPS. The business’s quarterly revenue was up 34.3% compared to the same quarter last year.

A number of equities analysts have commented on DCP shares. Wells Fargo & Co cut their price objective on shares of DCP Midstream from $44.00 to $40.00 and set a “market perform” rating on the stock in a report on Monday, September 24th. Bank of America set a $46.00 target price on shares of DCP Midstream and gave the company a “buy” rating in a research note on Wednesday, November 7th. ValuEngine lowered shares of DCP Midstream from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Barclays set a $41.00 target price on shares of DCP Midstream and gave the company a “sell” rating in a research note on Friday, October 12th. Finally, Credit Suisse Group began coverage on shares of DCP Midstream in a research note on Thursday, October 11th. They issued an “outperform” rating and a $57.00 target price on the stock. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $44.91.

Several institutional investors have recently modified their holdings of the company. Tortoise Index Solutions LLC grew its position in shares of DCP Midstream by 16.2% during the 2nd quarter. Tortoise Index Solutions LLC now owns 13,675 shares of the pipeline company’s stock valued at $541,000 after buying an additional 1,909 shares during the last quarter. LPL Financial LLC grew its position in shares of DCP Midstream by 31.8% during the 1st quarter. LPL Financial LLC now owns 8,698 shares of the pipeline company’s stock valued at $305,000 after buying an additional 2,099 shares during the last quarter. Moody Aldrich Partners LLC bought a new stake in shares of DCP Midstream during the 2nd quarter valued at about $90,134,000. Ballentine Partners LLC grew its position in shares of DCP Midstream by 13.1% during the 2nd quarter. Ballentine Partners LLC now owns 23,679 shares of the pipeline company’s stock valued at $937,000 after buying an additional 2,739 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of DCP Midstream by 24.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 16,810 shares of the pipeline company’s stock valued at $665,000 after buying an additional 3,331 shares during the last quarter. Institutional investors and hedge funds own 54.70% of the company’s stock.

DCP stock traded down $1.48 during trading on Tuesday, reaching $35.11. The stock had a trading volume of 570,277 shares, compared to its average volume of 584,958. DCP Midstream has a 1-year low of $32.58 and a 1-year high of $46.67. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.65 and a quick ratio of 0.62. The firm has a market capitalization of $5.20 billion, a P/E ratio of 66.25 and a beta of 2.27.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 14th. Stockholders of record on Friday, November 2nd were paid a $0.78 dividend. The ex-dividend date of this dividend was Thursday, November 1st. This represents a $3.12 dividend on an annualized basis and a dividend yield of 8.89%. DCP Midstream’s dividend payout ratio (DPR) is presently 588.68%.

DCP Midstream Company Profile

DCP Midstream, LP, together with its subsidiaries, owns, operates, acquires, and develops a portfolio of midstream energy assets in the United States. The company operates in two segments, Gathering and Processing, and Logistics and Marketing. The Gathering and Processing segment is involved in gathering, compressing, treating, and processing natural gas; producing and fractionating natural gas liquids (NGLs); and recovering condensate.

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Earnings History and Estimates for DCP Midstream (NYSE:DCP)

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