DCP Midstream LP (NYSE:DCP) – Analysts at US Capital Advisors issued their Q1 2020 earnings per share estimates for DCP Midstream in a report issued on Monday, March 18th. US Capital Advisors analyst J. Carreker forecasts that the pipeline company will earn $0.47 per share for the quarter.
DCP Midstream (NYSE:DCP) last announced its quarterly earnings data on Monday, February 11th. The pipeline company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.70. The firm had revenue of $2.61 billion during the quarter. DCP Midstream had a net margin of 3.03% and a return on equity of 6.47%.
DCP has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of DCP Midstream from a “strong sell” rating to a “hold” rating in a report on Thursday, February 14th. Evercore ISI started coverage on shares of DCP Midstream in a report on Tuesday, February 5th. They issued a $34.00 price objective for the company. Jefferies Financial Group cut shares of DCP Midstream from a “buy” rating to a “hold” rating in a report on Monday, January 28th. Barclays upgraded shares of DCP Midstream from an “underweight” rating to an “equal weight” rating and lowered their price target for the stock from $41.00 to $33.00 in a report on Wednesday, January 16th. Finally, ValuEngine upgraded shares of DCP Midstream from a “sell” rating to a “hold” rating in a report on Wednesday, January 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. DCP Midstream presently has a consensus rating of “Hold” and an average target price of $41.09.
Shares of DCP stock opened at $33.99 on Thursday. The company has a quick ratio of 0.63, a current ratio of 0.67 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $4.84 billion, a P/E ratio of 22.07 and a beta of 2.49. DCP Midstream has a fifty-two week low of $24.18 and a fifty-two week high of $46.67.
In other news, Director Fred J. Fowler purchased 2,500 shares of the stock in a transaction on Friday, December 28th. The stock was bought at an average price of $26.10 per share, for a total transaction of $65,250.00. Following the acquisition, the director now directly owns 26,800 shares of the company’s stock, valued at approximately $699,480. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.04% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of DCP. Bessemer Group Inc. acquired a new position in DCP Midstream during the 4th quarter worth approximately $29,000. Penserra Capital Management LLC acquired a new position in shares of DCP Midstream in the 4th quarter valued at $173,000. Lavaca Capital LLC acquired a new position in shares of DCP Midstream in the 4th quarter valued at $230,000. Creative Planning boosted its holdings in shares of DCP Midstream by 4.3% in the 4th quarter. Creative Planning now owns 8,745 shares of the pipeline company’s stock valued at $232,000 after buying an additional 360 shares in the last quarter. Finally, GAM Holding AG acquired a new position in shares of DCP Midstream in the 3rd quarter valued at $331,000. Institutional investors own 56.01% of the company’s stock.
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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