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.
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.
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.
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