DCP Midstream (DCP) Earns Buy Rating from Analysts at Mizuho

Equities researchers at Mizuho began coverage on shares of DCP Midstream (NYSE:DCP) in a research report issued on Thursday, March 21st, MarketBeat Ratings reports. The firm set a “buy” rating and a $36.00 price target on the pipeline company’s stock. Mizuho’s target price would indicate a potential upside of 11.25% from the company’s previous close.

A number of other equities analysts have also weighed in on DCP. Zacks Investment Research lowered DCP Midstream from a “hold” rating to a “strong sell” rating in a research report on Friday, January 11th. Morgan Stanley lowered their target price on DCP Midstream from $42.00 to $41.00 and set an “underweight” rating on the stock in a research report on Friday, November 30th. Evercore ISI assumed coverage on DCP Midstream in a research report on Tuesday, February 5th. They set a $34.00 target price on the stock. Raymond James started coverage on DCP Midstream in a research report on Thursday, January 10th. They set an “outperform” rating and a $36.00 target price on the stock. Finally, Citigroup lowered their price target on DCP Midstream from $46.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday, November 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. DCP Midstream presently has a consensus rating of “Hold” and a consensus price target of $40.67.

Shares of NYSE:DCP traded down $0.49 during trading on Thursday, reaching $32.36. 488,831 shares of the stock were exchanged, compared to its average volume of 636,649. The company has a quick ratio of 0.63, a current ratio of 0.67 and a debt-to-equity ratio of 0.73. DCP Midstream has a 1-year low of $24.18 and a 1-year high of $46.67. The firm has a market capitalization of $4.63 billion, a price-to-earnings ratio of 21.01 and a beta of 2.49.

DCP Midstream (NYSE:DCP) last issued its earnings results on Monday, February 11th. The pipeline company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.70. DCP Midstream had a return on equity of 6.47% and a net margin of 3.03%. The company had revenue of $2.61 billion for the quarter. Equities research analysts anticipate that DCP Midstream will post 1.63 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Municipal Employees Retirement System of Michigan bought a new position in DCP Midstream in the 4th quarter valued at $4,282,000. First Capital Advisors Group LLC. grew its stake in DCP Midstream by 5.3% in the 4th quarter. First Capital Advisors Group LLC. now owns 26,113 shares of the pipeline company’s stock valued at $692,000 after purchasing an additional 1,314 shares during the period. Renaissance Technologies LLC grew its stake in DCP Midstream by 423.5% in the 3rd quarter. Renaissance Technologies LLC now owns 81,433 shares of the pipeline company’s stock valued at $3,224,000 after purchasing an additional 65,877 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in DCP Midstream in the 3rd quarter valued at $45,536,000. Finally, Advisors Asset Management Inc. grew its stake in DCP Midstream by 42.2% in the 4th quarter. Advisors Asset Management Inc. now owns 17,680 shares of the pipeline company’s stock valued at $468,000 after purchasing an additional 5,244 shares during the period. 56.01% of the stock is owned by institutional investors and hedge funds.

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 in two segments, 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); fractionating NGLs; and wholesale propane logistics.

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Analyst Recommendations for DCP Midstream (NYSE:DCP)

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