DCP Midstream (NYSE:DCP – Get Rating) had its target price increased by equities researchers at Mizuho from $44.00 to $45.00 in a report released on Thursday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the pipeline company’s stock. Mizuho’s price target indicates a potential upside of 34.77% from the stock’s current price.
DCP has been the topic of several other reports. Raymond James boosted their target price on DCP Midstream from $40.00 to $45.00 and gave the company a “strong-buy” rating in a research note on Wednesday, April 20th. StockNews.com upgraded DCP Midstream from a “hold” rating to a “buy” rating in a research note on Wednesday. Royal Bank of Canada upgraded DCP Midstream from a “sector perform” rating to an “outperform” rating and lowered their target price for the company from $47.00 to $40.00 in a research note on Tuesday, July 12th. Finally, Barclays reduced their price target on DCP Midstream from $43.00 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday, July 20th. Ten analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, DCP Midstream currently has an average rating of “Buy” and an average target price of $38.11.
DCP Midstream Stock Performance
Shares of DCP Midstream stock opened at $33.39 on Thursday. The business’s fifty day simple moving average is $32.30 and its 200 day simple moving average is $32.55. The firm has a market capitalization of $6.96 billion, a P/E ratio of 9.00 and a beta of 2.84. DCP Midstream has a 12 month low of $23.58 and a 12 month high of $39.54. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.95.
Hedge Funds Weigh In On DCP Midstream
Several hedge funds and other institutional investors have recently added to or reduced their stakes in DCP. Tcwp LLC purchased a new position in DCP Midstream during the first quarter worth about $25,000. UMB Bank N A MO purchased a new position in DCP Midstream during the fourth quarter worth about $30,000. Farmers & Merchants Investments Inc. purchased a new position in DCP Midstream during the first quarter worth about $30,000. Loomis Sayles & Co. L P purchased a new position in shares of DCP Midstream in the 1st quarter worth about $48,000. Finally, CWM LLC purchased a new position in shares of DCP Midstream in the 4th quarter worth about $65,000. 33.25% of the stock is currently owned by hedge funds and other institutional investors.
DCP Midstream Company Profile
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)
- MarketBeat: Week in Review 8/1 – 8/5
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Cronos Group Inc’s Revenues Are Up, Is It Time to Buy?
- Beyond Meat Is Not Beyond Hope, And It’s Cheap
- Why Apple Could Be At All-Time Highs By Year End
Receive News & Ratings for DCP Midstream Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DCP Midstream and related companies with MarketBeat.com's FREE daily email newsletter.