DCP Midstream LP (DCP) Receives Average Recommendation of “Hold” from Brokerages

DCP Midstream LP (NYSE:DCP) has received an average recommendation of “Hold” from the thirteen research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $38.27.

A number of brokerages have recently commented on DCP. Zacks Investment Research cut shares of DCP Midstream from a “strong-buy” rating to a “hold” rating in a report on Monday. Credit Suisse Group began coverage on shares of DCP Midstream in a report on Thursday, January 4th. They issued a “neutral” rating and a $36.00 target price on the stock. Stifel Nicolaus set a $39.00 target price on shares of DCP Midstream and gave the company a “buy” rating in a report on Monday, December 18th. Finally, R. F. Lafferty began coverage on shares of DCP Midstream in a report on Thursday, October 5th. They issued a “buy” rating and a $38.00 target price on the stock.

In related news, insider Don Baldridge bought 50 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were bought at an average cost of $1,000.00 per share, for a total transaction of $50,000.00. Following the transaction, the insider now owns 50 shares of the company’s stock, valued at $50,000. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Brent L. Backes bought 150 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were bought at an average price of $1,000.00 per share, for a total transaction of $150,000.00. Following the completion of the transaction, the vice president now directly owns 150 shares in the company, valued at approximately $150,000. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 950 shares of company stock worth $950,000. 0.04% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Advisory Research Inc. purchased a new stake in shares of DCP Midstream during the 2nd quarter worth $347,051,000. Alps Advisors Inc. boosted its position in shares of DCP Midstream by 11.3% during the 3rd quarter. Alps Advisors Inc. now owns 7,339,101 shares of the pipeline company’s stock worth $254,226,000 after purchasing an additional 742,319 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of DCP Midstream in the 2nd quarter worth about $246,698,000. Harvest Fund Advisors LLC boosted its position in shares of DCP Midstream by 1.4% in the 3rd quarter. Harvest Fund Advisors LLC now owns 4,685,245 shares of the pipeline company’s stock worth $162,297,000 after buying an additional 62,796 shares in the last quarter. Finally, Center Coast Capital Advisors LP boosted its position in shares of DCP Midstream by 5.5% in the 3rd quarter. Center Coast Capital Advisors LP now owns 3,530,816 shares of the pipeline company’s stock worth $122,307,000 after buying an additional 184,300 shares in the last quarter. Institutional investors own 54.88% of the company’s stock.

DCP Midstream (NYSE DCP) opened at $38.34 on Tuesday. The company has a market cap of $5,490.00, a price-to-earnings ratio of 54.00 and a beta of 2.10. DCP Midstream has a 1-year low of $29.70 and a 1-year high of $42.45. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.73 and a quick ratio of 0.70.

TRADEMARK VIOLATION WARNING: “DCP Midstream LP (DCP) Receives Average Recommendation of “Hold” from Brokerages” was first reported by BBNS and is owned by of BBNS. If you are viewing this report on another website, it was copied illegally and republished in violation of United States and international copyright law. The correct version of this report can be viewed at https://baseballnewssource.com/markets/dcp-midstream-lp-dcp-receives-average-recommendation-of-hold-from-brokerages/1820228.html.

DCP Midstream Company Profile

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.

Analyst Recommendations for DCP Midstream (NYSE:DCP)

Receive News & Ratings for DCP Midstream Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DCP Midstream and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires


Leave a Reply

 
© 2006-2018 BBNS.