DCP Midstream LP (NYSE:DCP) – Equities research analysts at US Capital Advisors dropped their Q1 2017 earnings estimates for DCP Midstream in a research report issued on Wednesday. US Capital Advisors analyst B. Followill now forecasts that the brokerage will post earnings of $0.38 per share for the quarter, down from their prior estimate of $0.53. US Capital Advisors also issued estimates for DCP Midstream’s Q2 2017 earnings at $0.27 EPS, Q3 2017 earnings at $0.30 EPS, Q4 2017 earnings at $0.37 EPS, FY2017 earnings at $1.31 EPS, Q1 2018 earnings at $0.62 EPS, Q2 2018 earnings at $0.52 EPS, Q3 2018 earnings at $0.55 EPS and Q4 2018 earnings at $0.62 EPS.

DCP Midstream (NYSE:DCP) last announced its earnings results on Tuesday, February 14th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by $0.10. The company had revenue of $398 million for the quarter, compared to analysts’ expectations of $396.29 million. DCP Midstream had a net margin of 21.32% and a return on equity of 12.63%. DCP Midstream’s quarterly revenue was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 earnings per share.

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

A number of other research firms also recently issued reports on DCP. Drexel Hamilton upgraded shares of DCP Midstream from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Thursday, February 16th. Credit Suisse Group AG upgraded shares of DCP Midstream from an “underperform” rating to a “neutral” rating and set a $44.00 price objective on the stock in a research note on Wednesday, February 15th. Stifel Nicolaus increased their price objective on shares of DCP Midstream to $47.00 in a research note on Wednesday, February 15th. FBR & Co set a $36.00 price objective on shares of DCP Midstream and gave the company a “hold” rating in a research note on Saturday, February 18th. Finally, Zacks Investment Research upgraded shares of DCP Midstream from a “strong sell” rating to a “hold” rating in a research note on Friday, February 17th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $38.15.

Shares of DCP Midstream (NYSE:DCP) opened at 37.85 on Monday. The stock has a market capitalization of $5.42 billion, a price-to-earnings ratio of 23.09 and a beta of 2.02. The firm’s 50-day moving average is $39.34 and its 200-day moving average is $36.23. DCP Midstream has a 52 week low of $24.70 and a 52 week high of $42.45.

DCP Midstream Company Profile

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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