DCP Midstream, LP to Post Q1 2022 Earnings of $0.98 Per Share, US Capital Advisors Forecasts (NYSE:DCP)

DCP Midstream, LP (NYSE:DCPGet Rating) – Stock analysts at US Capital Advisors lifted their Q1 2022 EPS estimates for shares of DCP Midstream in a research note issued to investors on Monday, April 25th. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will post earnings of $0.98 per share for the quarter, up from their previous forecast of $0.77. US Capital Advisors also issued estimates for DCP Midstream’s Q2 2022 earnings at $1.00 EPS, Q3 2022 earnings at $1.04 EPS, Q4 2022 earnings at $1.12 EPS, FY2022 earnings at $4.13 EPS, Q1 2023 earnings at $1.43 EPS, Q3 2023 earnings at $1.16 EPS, Q4 2023 earnings at $1.23 EPS and FY2023 earnings at $4.95 EPS.

A number of other research firms also recently issued reports on DCP. Barclays lowered their target price on DCP Midstream from $38.00 to $35.00 and set an “overweight” rating on the stock in a research report on Thursday, January 20th. Raymond James lifted 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. Evercore ISI raised DCP Midstream from an “in-line” rating to an “outperform” rating in a research report on Monday, April 4th. Zacks Investment Research upgraded DCP Midstream from a “hold” rating to a “strong-buy” rating and set a $38.00 price target for the company in a report on Tuesday, March 29th. Finally, StockNews.com assumed coverage on DCP Midstream in a report on Thursday, March 31st. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $36.00.

DCP opened at $34.31 on Thursday. The business’s 50-day moving average price is $33.45 and its two-hundred day moving average price is $30.54. DCP Midstream has a 1 year low of $22.36 and a 1 year high of $39.54. The company has a market capitalization of $7.15 billion, a price-to-earnings ratio of 21.58 and a beta of 3.18. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.87 and a quick ratio of 0.83.

DCP Midstream (NYSE:DCPGet Rating) last released its quarterly earnings results on Wednesday, February 9th. The pipeline company reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.04. DCP Midstream had a return on equity of 5.70% and a net margin of 3.65%. The firm had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $5.31 billion. During the same quarter last year, the business posted $0.34 EPS.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 13th. Stockholders of record on Friday, April 29th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date of this dividend is Thursday, April 28th. DCP Midstream’s dividend payout ratio is presently 98.11%.

Several large investors have recently modified their holdings of DCP. UMB Bank N A MO bought a new stake in shares of DCP Midstream during the fourth quarter worth approximately $30,000. Farmers & Merchants Investments Inc. bought a new stake in shares of DCP Midstream in the first quarter valued at approximately $30,000. CWM LLC bought a new stake in shares of DCP Midstream in the fourth quarter valued at approximately $65,000. Albert D Mason Inc. bought a new stake in shares of DCP Midstream in the first quarter valued at approximately $202,000. Finally, Van ECK Associates Corp boosted its stake in shares of DCP Midstream by 5.6% in the fourth quarter. Van ECK Associates Corp now owns 8,126 shares of the pipeline company’s stock valued at $223,000 after buying an additional 431 shares during the period. Institutional investors own 32.95% of the company’s stock.

About DCP Midstream (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.

Further Reading

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

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