The stock of DCP Midstream Partners, LP (NYSE:DPM) is a huge mover today! About 300,148 shares traded hands. DCP Midstream Partners, LP (NYSE:DPM) has declined 1.84% since April 27, 2016 and is downtrending. It has underperformed by 7.07% the S&P500.
The move comes after 9 months positive chart setup for the $3.91B company. It was reported on Nov, 30 by Barchart.com. We have $36.40 PT which if reached, will make NYSE:DPM worth $195.50M more.
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 $56.39 million for 17.34 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. The firm has “Equal-Weight” rating by Barclays Capital given on Friday, March 18. The company was maintained on Tuesday, April 19 by Citigroup. The stock of DCP Midstream Partners, LP (NYSE:DPM) earned “Outperform” rating by Wells Fargo on Monday, January 18. The stock has “Outperform” rating given by RBC Capital Markets on Friday, August 7. The rating was downgraded by Stifel Nicolaus to “Hold” on Thursday, January 28. Jefferies downgraded it to “Hold” rating and $35 target price in Wednesday, June 8 report. UBS upgraded it to “Neutral” rating and $28 target price in Thursday, September 17 report. The rating was downgraded by Ladenburg Thalmann to “Neutral” on Thursday, July 21. US Capital Advisors downgraded DCP Midstream Partners, LP (NYSE:DPM) on Wednesday, May 18 to “Hold” rating. On Wednesday, August 31 the stock rating was maintained by Wunderlich with “Buy”.
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 Q2 2016. Its up 0.36, from 0.98 in 2016Q1. The ratio is positive, 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.
The Illinois-based Guggenheim Limited Liability Co has invested 0.02% in DCP Midstream Partners, LP (NYSE:DPM). Alps Advsrs, a Colorado-based fund reported 5.61 million shares. Bokf Na has 29,285 shares for 0.04% of their US portfolio. Burnham Asset Mngmt Ny accumulated 24,945 shares or 0.24% of the stock. Van Eck Assoc Corporation holds 38,742 shares or 0.01% of its portfolio. Invesco Limited owns 163,363 shares or 0% of their US portfolio. Finemark Retail Bank Tru last reported 0.01% of its portfolio in the stock. Picton Mahoney Asset Management last reported 200,600 shares in the company. Pnc Group, a Pennsylvania-based fund reported 105,553 shares. The Illinois-based Nuveen Asset Mngmt Ltd Com has invested 0.01% in DCP Midstream Partners, LP (NYSE:DPM). Advisory Svcs Ltd last reported 200 shares in the company. Bnp Paribas Arbitrage owns 1.13M shares or 0.18% of their US portfolio. Commonwealth Of Pennsylvania School Empls Retrmt Sys accumulated 0.39% or 615,178 shares. Vantage Investment Advsr Limited Liability Co reported 121 shares or 0% of all its holdings. Bankshares Of Ny Mellon accumulated 6,508 shares or 0% of the stock.
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: Globenewswire.com and their article: “DCP Midstream Partners Announces Quarterly Distribution” published on October 27, 2016 as well as Fool.com‘s news article titled: “New Projects Fuel DCP Midstream Partners, LP Q1 Results” with publication date: May 05, 2016.
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.
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