Is Buying Stock Like DCP Midstream Partners, LP Good Idea After Today’s Bullish Options Activity?

 Is Buying Stock Like DCP Midstream Partners, LP Good Idea After Today's Bullish Options Activity?

In today’s session DCP Midstream Partners, LP (DPM) registered an unusually high (1,012) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious DPM increase. With 1,012 contracts traded and 11704 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: DPM170120C00035000 closed last at: $1.85 or 2.6% down. The stock increased 0.17% or $0.06 on November 23, hitting $34.52. About 254,325 shares traded hands. DCP Midstream Partners, LP (NYSE:DPM) has risen 7.54% since April 22, 2016 and is uptrending. It has outperformed by 2.13% the S&P500.

Analysts await DCP Midstream Partners, LP (NYSE:DPM) to report earnings on February, 22. They expect $0.50 EPS, down 38.27% or $0.31 from last year’s $0.81 per share. DPM’s profit will be $56.34 million for 17.26 P/E if the $0.50 EPS becomes a reality. After $0.51 actual EPS reported by DCP Midstream Partners, LP for the previous quarter, Wall Street now forecasts -1.96% negative EPS growth.

DCP Midstream Partners, LP (NYSE:DPM) Ratings Coverage

Out of 13 analysts covering DCP Midstream Partners LP (NYSE:DPM), 3 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 23% are positive. DCP Midstream Partners LP has been the topic of 21 analyst reports since July 24, 2015 according to StockzIntelligence Inc. FBR Capital initiated the stock with “Mkt Perform” rating in Friday, September 9 report. As per Wednesday, May 11, the company rating was maintained by RBC Capital Markets. On Friday, January 15 the stock rating was upgraded by Wells Fargo to “Outperform”. The firm has “Buy” rating given on Tuesday, April 19 by Citigroup. Barclays Capital maintained DCP Midstream Partners, LP (NYSE:DPM) rating on Friday, March 18. Barclays Capital has “Equal-Weight” rating and $31 price target. The firm has “Equal Weight” rating given on Tuesday, November 10 by Barclays Capital. RBC Capital Markets maintained DCP Midstream Partners, LP (NYSE:DPM) rating on Friday, August 7. RBC Capital Markets has “Outperform” rating and $35 price target. Jefferies downgraded DCP Midstream Partners, LP (NYSE:DPM) on Wednesday, June 8 to “Hold” rating. Wunderlich maintained DCP Midstream Partners, LP (NYSE:DPM) rating on Wednesday, August 31. Wunderlich has “Buy” rating and $36 price target. The firm earned “Hold” rating on Thursday, January 28 by Stifel Nicolaus.

According to Zacks Investment Research, “DCP Midstream Partners, LP is a midstream master limited partnership that gathers, treats, compresses, processes, transports and markets natural gas and transports and markets natural gas liquids. DCP Midstream Partners, LP is managed by its general partner, DCP Midstream GP, LLC, which is wholly owned by Duke Energy Field Services, a joint venture between Duke Energy and ConocoPhillips. It is a midstream master limited partnership formed by Duke Energy Field Services to own, operate, acquire and develop a diversified portfolio of complementary midstream assets. Supported by its relationship with Duke Energy Field Services and its parents, Duke Energy and ConocoPhillips, it intend to acquire and construct additional assets and have a management team dedicated to executing our growth strategies.”

Insitutional Activity: The institutional sentiment increased to 1.34 in 2016 Q2. Its up 0.36, from 0.98 in 2016Q1. The ratio increased, as 9 funds sold all DCP Midstream Partners, LP shares owned while 45 reduced positions. 19 funds bought stakes while 34 increased positions. They now own 75.59 million shares or 2.50% less from 77.53 million shares in 2016Q1.
Natl Registered Invest Advisor reported 17,000 shares or 0.27% of all its holdings. Cetera Advsr Lc holds 0.03% of its portfolio in DCP Midstream Partners, LP (NYSE:DPM) for 12,400 shares. Invesco holds 163,363 shares or 0% of its portfolio. Janus Capital Mngmt Limited Com last reported 2.71 million shares in the company. Ladenburg Thalmann Svcs has 0.02% invested in the company for 41,882 shares. Moreover, Jane Street Grp Inc Ltd Liability Corporation has 0% invested in DCP Midstream Partners, LP (NYSE:DPM) for 8,433 shares. Cushing Asset Management L P, a Texas-based fund reported 1.18M shares. Glenmede Trust Na last reported 700 shares in the company. Spirit Of America Corp Ny accumulated 1.13% or 223,850 shares. Heronetta Mngmt Ltd Partnership holds 124,600 shares or 2.31% of its portfolio. Walleye Trading Ltd Liability Company reported 33,820 shares or 0.01% of all its holdings. X Ltd Co last reported 0.51% of its portfolio in the stock. Landscape Capital Ltd Liability Co accumulated 15,200 shares or 0.07% of the stock. Cwm Limited Com accumulated 0% or 1,000 shares. Ameriprise Finance holds 0% of its portfolio in DCP Midstream Partners, LP (NYSE:DPM) for 13,314 shares.

DCP Midstream Partners, LP is a limited partnership. The company has a market cap of $3.89 billion. The Firm operates through three divisions: Natural Gas Services, NGL Logistics and Wholesale Propane Logistics. It has a 19.5 P/E ratio. The Company’s Natural Gas Services segment consists of a geographically diverse complement of assets and ownership interests that provide a range of wellhead to market services for its producer customer, which include gathering, compressing, treating, processing, transporting and storing natural gas, and fractionating NGLs.

DPM Company Profile

DCP Midstream Partners, LP, incorporated on August 5, 2005, is a limited partnership. The Firm is engaged in the business of gathering, compressing, treating, processing, transporting, storing and selling natural gas; producing, fractionating, transporting, storing and selling natural gas liquids (NGLs) and recovering and selling condensate, and transporting, storing and selling propane in wholesale markets. The Firm operates through three divisions: Natural Gas Services, NGL Logistics and Wholesale Propane Logistics.

More notable recent DCP Midstream Partners, LP (NYSE:DPM) news were published by: Nasdaq.com which released: “DCP Midstream Partners Reaches Analyst Target Price” on November 22, 2016, also Fool.com with their article: “Growth Projects and Cost Savings Help DCP Midstream Partners, LP Overcome …” published on November 03, 2016, Fool.com published: “Expiring Hedges Hurt DCP Midstream Partners, LP’s Q2 Results” on August 04, 2016. More interesting news about DCP Midstream Partners, LP (NYSE:DPM) were released by: Fool.com and their article: “New Projects Fuel DCP Midstream Partners, LP Q1 Results” published on May 05, 2016 as well as Fool.com‘s news article titled: “DCP Midstream Partners, LP Earnings Hit a Record” with publication date: February 25, 2016.

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