DCP Midstream (NYSE:DCP – Get Rating) was downgraded by research analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued on Friday.
Several other equities research analysts also recently commented on the stock. Mizuho lifted their target price on shares of DCP Midstream from $44.00 to $45.00 and gave the stock a "buy" rating in a research report on Thursday, August 4th. Royal Bank of Canada lowered shares of DCP Midstream from an "outperform" rating to a "sector perform" rating and lowered their price objective for the company from $41.00 to $38.00 in a research note on Thursday. Finally, Barclays lifted their price objective on shares of DCP Midstream from $38.00 to $40.00 and gave the company an "overweight" rating in a research note on Tuesday, August 16th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, DCP Midstream has a consensus rating of "Buy" and an average price target of $38.88.
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DCP Midstream Trading Down 0.6 %
DCP opened at $38.18 on Friday. The company's 50 day moving average is $31.84 and its 200-day moving average is $33.03. DCP Midstream has a 1-year low of $23.58 and a 1-year high of $39.54. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86. The company has a market cap of $7.96 billion, a P/E ratio of 10.29 and a beta of 2.84.
Institutional Trading of DCP Midstream
A number of institutional investors have recently made changes to their positions in DCP. Tcwp LLC purchased a new stake in DCP Midstream in the first quarter worth $25,000. Farmers & Merchants Investments Inc. purchased a new stake in shares of DCP Midstream during the first quarter valued at $30,000. UMB Bank N A MO purchased a new stake in shares of DCP Midstream during the fourth quarter valued at $30,000. Loomis Sayles & Co. L P purchased a new position in DCP Midstream in the first quarter worth about $48,000. Finally, SeaCrest Wealth Management LLC purchased a new position in DCP Midstream in the second quarter worth about $44,000. Hedge funds and other institutional investors own 33.25% of the company's stock.
DCP Midstream Company Profile
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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.
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