DCP Midstream Partners, LP (DCP) to Post Q3 2017 Earnings of $0.06 Per Share, US Capital Advisors Forecasts

DCP Midstream Partners, LP (NYSE:DCP) – Research analysts at US Capital Advisors decreased their Q3 2017 earnings per share estimates for shares of DCP Midstream Partners, in a research report issued on Friday. US Capital Advisors analyst B. Followill now expects that the pipeline company will earn $0.06 per share for the quarter, down from their previous estimate of $0.07.

DCP Midstream Partners, (NYSE:DCP) last announced its quarterly earnings results on Monday, August 7th. The pipeline company reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.04. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $2.60 billion. DCP Midstream Partners, had a net margin of 7.93% and a return on equity of 6.71%. The firm’s revenue was up 20.1% compared to the same quarter last year.

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Other equities analysts also recently issued research reports about the stock. Royal Bank Of Canada reissued a “sector perform” rating and issued a $37.00 target price (down previously from $40.00) on shares of DCP Midstream Partners, in a report on Tuesday, August 8th. R. F. Lafferty assumed coverage on shares of DCP Midstream Partners, in a research note on Thursday, October 5th. They set a “buy” rating and a $38.00 price target on the stock. Barclays PLC decreased their price target on shares of DCP Midstream Partners, from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 17th. Credit Suisse Group decreased their price target on shares of DCP Midstream Partners, from $44.00 to $40.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 8th. Finally, Zacks Investment Research downgraded shares of DCP Midstream Partners, from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $39.36.

Shares of DCP Midstream Partners, (NYSE DCP) opened at 35.65 on Monday. The firm has a 50-day moving average of $32.72 and a 200 day moving average of $34.50. The stock has a market capitalization of $5.11 billion, a PE ratio of 19.24 and a beta of 2.10. DCP Midstream Partners, has a 1-year low of $29.70 and a 1-year high of $42.45.

A number of hedge funds have recently bought and sold shares of DCP. Albert D Mason Inc. bought a new position in DCP Midstream Partners, during the second quarter valued at $762,000. ING Groep NV bought a new position in DCP Midstream Partners, during the second quarter valued at $3,379,000. Municipal Employees Retirement System of Michigan bought a new position in DCP Midstream Partners, during the second quarter valued at $3,147,000. Janney Montgomery Scott LLC bought a new position in DCP Midstream Partners, during the second quarter valued at $758,000. Finally, Eagle Global Advisors LLC bought a new position in DCP Midstream Partners, during the second quarter valued at $106,820,000. Institutional investors and hedge funds own 55.13% of the company’s stock.

DCP Midstream Partners, 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.

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

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