DCP Midstream Partners, LP (NYSE:DCP) - Stock analysts at US Capital Advisors dropped their Q2 2017 EPS estimates for DCP Midstream Partners, in a research report issued on Monday. US Capital Advisors analyst B. Followill now forecasts that the pipeline company will post earnings per share of $0.02 for the quarter, down from their previous estimate of $0.09. US Capital Advisors currently has a “Overweight” rating on the stock.
DCP Midstream Partners, (NYSE:DCP) last announced its quarterly earnings data on Wednesday, May 10th. The pipeline company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.10. DCP Midstream Partners, had a return on equity of 8.15% and a net margin of 10.53%. The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $613.40 million. During the same quarter in the prior year, the firm earned $0.36 earnings per share. DCP Midstream Partners,’s revenue was up 44.9% compared to the same quarter last year.
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Separately, Zacks Investment Research downgraded shares of DCP Midstream Partners, from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 18th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. DCP Midstream Partners, has an average rating of “Hold” and a consensus price target of $40.00.
DCP Midstream Partners, (NYSE DCP) opened at 35.10 on Wednesday. The company has a 50-day moving average price of $33.33 and a 200 day moving average price of $36.90. DCP Midstream Partners, has a 52 week low of $29.70 and a 52 week high of $42.45. The company has a market cap of $5.03 billion, a PE ratio of 20.82 and a beta of 2.10.
About DCP Midstream Partners,
DCP Midstream, LP, formerly DCP Midstream Partners, LP, is a producer and marketer of natural gas liquids (NGLs) in the United States. The Company is engaged in the business of gathering, compressing, treating, processing, transporting, storing and selling natural gas; producing, fractionating, transporting, storing and selling NGLs and recovering, and selling condensate, and transporting, storing and selling propane in wholesale markets.
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