DCP Midstream (NYSE:DCP – Get Rating) will announce its earnings results after the market closes on Wednesday, May 4th. Analysts expect the company to announce earnings of $0.92 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.
DCP Midstream (NYSE:DCP – Get Rating) last issued its quarterly earnings data on Wednesday, February 9th. The pipeline company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. DCP Midstream had a net margin of 3.65% and a return on equity of 5.70%. The firm had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $5.31 billion. During the same quarter in the previous year, the firm earned $0.34 EPS. On average, analysts expect DCP Midstream to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
NYSE:DCP opened at $34.69 on Wednesday. The stock has a market capitalization of $7.23 billion, a price-to-earnings ratio of 21.82 and a beta of 3.18. DCP Midstream has a 52 week low of $22.36 and a 52 week high of $39.54. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 0.99. The firm has a 50 day moving average of $33.39 and a 200 day moving average of $30.52.
DCP has been the topic of several recent analyst reports. Raymond James upped their target price on DCP Midstream from $40.00 to $45.00 and gave the company a “strong-buy” rating in a research report on Wednesday, April 20th. Zacks Investment Research upgraded shares of DCP Midstream from a “hold” rating to a “strong-buy” rating and set a $38.00 target price for the company in a research note on Tuesday, March 29th. Mizuho raised their price target on shares of DCP Midstream from $37.00 to $41.00 and gave the stock a “buy” rating in a report on Friday, April 8th. Evercore ISI raised shares of DCP Midstream from an “in-line” rating to an “outperform” rating in a report on Monday, April 4th. Finally, StockNews.com assumed coverage on DCP Midstream in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, DCP Midstream has an average rating of “Buy” and an average price target of $36.00.
Several institutional investors and hedge funds have recently modified their holdings of DCP. Wells Fargo & Company MN boosted its stake in shares of DCP Midstream by 73.2% in the fourth quarter. Wells Fargo & Company MN now owns 910,966 shares of the pipeline company’s stock worth $25,034,000 after buying an additional 385,096 shares during the last quarter. Deutsche Bank AG boosted its position in DCP Midstream by 29.6% during the fourth quarter. Deutsche Bank AG now owns 1,366,570 shares of the pipeline company’s stock worth $37,553,000 after purchasing an additional 311,761 shares in the last quarter. Morgan Stanley grew its holdings in DCP Midstream by 4.0% in the second quarter. Morgan Stanley now owns 1,847,587 shares of the pipeline company’s stock valued at $56,703,000 after purchasing an additional 70,316 shares during the period. Advisors Asset Management Inc. increased its position in shares of DCP Midstream by 111.6% in the fourth quarter. Advisors Asset Management Inc. now owns 26,624 shares of the pipeline company’s stock valued at $732,000 after buying an additional 14,044 shares in the last quarter. Finally, Vident Investment Advisory LLC raised its stake in shares of DCP Midstream by 10.5% during the 4th quarter. Vident Investment Advisory LLC now owns 73,158 shares of the pipeline company’s stock worth $2,010,000 after buying an additional 6,938 shares during the period. Hedge funds and other institutional investors own 32.95% of the company’s stock.
DCP Midstream Company Profile (Get Rating)
DCP Midstream, LP, together with its subsidiaries, owns, operates, acquires, and develops a portfolio of midstream energy assets in the United States. The company operates through Logistics and Marketing, and Gathering and Processing. The Logistics and Marketing segment engages in transporting, trading, marketing, and storing natural gas and natural gas liquids (NGLs); and fractionating NGLs.
- Get a free copy of the StockNews.com research report on DCP Midstream (DCP)
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