Q3 2017 EPS Estimates for DCP Midstream Partners, LP Increased by Jefferies Group (DCP)

DCP Midstream Partners, LP (NYSE:DCP) – Jefferies Group raised their Q3 2017 EPS estimates for DCP Midstream Partners, in a report issued on Monday. Jefferies Group analyst C. Sighinolfi now anticipates that the pipeline company will post earnings per share of $0.28 for the quarter, up from their prior forecast of $0.27. Jefferies Group has a “Hold” rating and a $33.00 price objective on the stock.

DCP Midstream Partners, (NYSE:DCP) last issued its quarterly earnings results on Monday, August 7th. The pipeline company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. DCP Midstream Partners, had a net margin of 7.93% and a return on equity of 6.71%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.60 billion. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis.

ILLEGAL ACTIVITY WARNING: “Q3 2017 EPS Estimates for DCP Midstream Partners, LP Increased by Jefferies Group (DCP)” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The legal version of this article can be read at https://ledgergazette.com/2017/10/18/q3-2017-eps-estimates-for-dcp-midstream-partners-lp-increased-by-jefferies-group-dcp.html.

Several other equities analysts have also recently commented on DCP. Zacks Investment Research raised shares of DCP Midstream Partners, from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 10th. Royal Bank Of Canada reissued a “sector perform” rating and set a $37.00 target price (down previously from $40.00) on shares of DCP Midstream Partners, in a research note on Tuesday, August 8th. Barclays PLC lowered their target price 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 lowered their target price 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, 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 target price on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. DCP Midstream Partners, currently has a consensus rating of “Hold” and an average target price of $39.36.

DCP Midstream Partners, (DCP) opened at 34.55 on Tuesday. DCP Midstream Partners, has a 52 week low of $29.70 and a 52 week high of $42.45. The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of 18.65 and a beta of 2.10. The stock’s 50 day moving average is $33.42 and its 200-day moving average is $34.43.

Institutional investors and hedge funds have recently made changes to their positions in the company. Ffcm LLC acquired a new position in shares of DCP Midstream Partners, in the 2nd quarter worth approximately $117,000. The Manufacturers Life Insurance Company acquired a new position in shares of DCP Midstream Partners, in the 2nd quarter worth approximately $119,000. Salem Investment Counselors Inc. acquired a new position in shares of DCP Midstream Partners, in the 2nd quarter worth approximately $135,000. Solaris Asset Management LLC acquired a new position in shares of DCP Midstream Partners, in the 2nd quarter worth approximately $140,000. Finally, Penserra Capital Management LLC acquired a new position in shares of DCP Midstream Partners, in the 2nd quarter worth approximately $162,000. 55.13% of the stock is currently owned by institutional investors.

About DCP Midstream Partners,

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.

DCP Midstream Partners, LP (NYSE:DCP) – Jefferies Group raised their Q3 2017 EPS estimates for DCP Midstream Partners, in a report issued on Monday. Jefferies Group analyst C. Sighinolfi now anticipates that the pipeline company will post earnings per share of $0.28 for the quarter, up from their prior forecast of $0.27. Jefferies Group has a “Hold” rating and a $33.00 price objective on the stock.

DCP Midstream Partners, (NYSE:DCP) last issued its quarterly earnings results on Monday, August 7th. The pipeline company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. DCP Midstream Partners, had a net margin of 7.93% and a return on equity of 6.71%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.60 billion. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis.

ILLEGAL ACTIVITY WARNING: “Q3 2017 EPS Estimates for DCP Midstream Partners, LP Increased by Jefferies Group (DCP)” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The legal version of this article can be read at https://ledgergazette.com/2017/10/18/q3-2017-eps-estimates-for-dcp-midstream-partners-lp-increased-by-jefferies-group-dcp.html.

Several other equities analysts have also recently commented on DCP. Zacks Investment Research raised shares of DCP Midstream Partners, from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 10th. Royal Bank Of Canada reissued a “sector perform” rating and set a $37.00 target price (down previously from $40.00) on shares of DCP Midstream Partners, in a research note on Tuesday, August 8th. Barclays PLC lowered their target price 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 lowered their target price 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, 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 target price on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. DCP Midstream Partners, currently has a consensus rating of “Hold” and an average target price of $39.36.

DCP Midstream Partners, (DCP) opened at 34.55 on Tuesday. DCP Midstream Partners, has a 52 week low of $29.70 and a 52 week high of $42.45. The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of 18.65 and a beta of 2.10. The stock’s 50 day moving average is $33.42 and its 200-day moving average is $34.43.

Institutional investors and hedge funds have recently made changes to their positions in the company. Ffcm LLC acquired a new position in shares of DCP Midstream Partners, in the 2nd quarter worth approximately $117,000. The Manufacturers Life Insurance Company acquired a new position in shares of DCP Midstream Partners, in the 2nd quarter worth approximately $119,000. Salem Investment Counselors Inc. acquired a new position in shares of DCP Midstream Partners, in the 2nd quarter worth approximately $135,000. Solaris Asset Management LLC acquired a new position in shares of DCP Midstream Partners, in the 2nd quarter worth approximately $140,000. Finally, Penserra Capital Management LLC acquired a new position in shares of DCP Midstream Partners, in the 2nd quarter worth approximately $162,000. 55.13% of the stock is currently owned by institutional investors.

About DCP Midstream Partners,

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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