Shares of DCP Midstream LP (NYSE:DCP) have been given a consensus recommendation of “Hold” by the thirteen analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $34.70.
DCP has been the subject of several analyst reports. Credit Suisse Group decreased their price objective on DCP Midstream from $39.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. Citigroup decreased their price objective on DCP Midstream from $34.00 to $31.00 and set a “neutral” rating for the company in a report on Monday, September 9th. ValuEngine cut DCP Midstream from a “hold” rating to a “sell” rating in a report on Wednesday, June 19th. Royal Bank of Canada set a $26.00 price objective on DCP Midstream and gave the company a “hold” rating in a report on Friday, August 9th. Finally, UBS Group decreased their price objective on DCP Midstream from $33.00 to $32.00 and set a “buy” rating for the company in a report on Monday, September 23rd.
DCP Midstream stock traded down $0.07 during trading hours on Thursday, hitting $26.14. 511,200 shares of the stock traded hands, compared to its average volume of 681,597. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.46 and a quick ratio of 0.43. The firm’s 50 day moving average price is $25.55 and its 200-day moving average price is $29.49. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 16.97, a P/E/G ratio of 10.30 and a beta of 2.12. DCP Midstream has a 1 year low of $23.46 and a 1 year high of $43.84.
In related news, Director Fred J. Fowler acquired 6,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was acquired at an average price of $24.72 per share, with a total value of $148,320.00. Following the acquisition, the director now directly owns 32,800 shares in the company, valued at approximately $810,816. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.04% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DCP. Raymond James Financial Services Advisors Inc. raised its holdings in DCP Midstream by 37.1% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 79,119 shares of the pipeline company’s stock worth $2,615,000 after purchasing an additional 21,429 shares during the period. Barings LLC acquired a new position in DCP Midstream in the 1st quarter worth about $492,000. First Trust Advisors LP raised its holdings in DCP Midstream by 9.4% in the 1st quarter. First Trust Advisors LP now owns 233,099 shares of the pipeline company’s stock worth $7,704,000 after purchasing an additional 20,040 shares during the period. Parametric Portfolio Associates LLC raised its holdings in DCP Midstream by 39.3% in the 1st quarter. Parametric Portfolio Associates LLC now owns 306,603 shares of the pipeline company’s stock worth $10,133,000 after purchasing an additional 86,516 shares during the period. Finally, Icon Wealth Partners LLC acquired a new position in DCP Midstream in the 1st quarter worth about $116,000. 58.62% of the stock is owned by institutional investors.
About DCP Midstream
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, Logistics and Marketing, and Gathering and Processing. The Logistics and Marketing segment engages in transporting, trading, marketing, and storing natural gas and natural gas liquids (NGLs); fractionating NGLs; and wholesale propane logistics.
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