DCP Midstream (NYSE:DCP) received a $39.00 price target from equities researchers at Stifel Nicolaus in a report released on Monday. The firm currently has a “buy” rating on the pipeline company’s stock. Stifel Nicolaus’ price target points to a potential upside of 7.71% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. R. F. Lafferty started coverage on shares of DCP Midstream in a report on Thursday, October 5th. They issued a “buy” rating and a $38.00 target price on the stock. Jefferies Group reaffirmed a “hold” rating and issued a $33.00 target price (down from $35.00) on shares of DCP Midstream in a report on Friday, September 1st. Finally, Zacks Investment Research raised shares of DCP Midstream from a “strong sell” rating to a “hold” rating in a report on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $38.64.

DCP Midstream (NYSE DCP) opened at $36.21 on Monday. The company has a market cap of $5,270.93, a price-to-earnings ratio of 41.33 and a beta of 2.10. DCP Midstream has a 1-year low of $29.70 and a 1-year high of $42.45. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.73 and a quick ratio of 0.70.

In other news, VP Brent L. Backes acquired 150 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were purchased at an average cost of $1,000.00 per share, for a total transaction of $150,000.00. Following the transaction, the vice president now directly owns 150 shares in the company, valued at approximately $150,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Don Baldridge acquired 50 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was purchased at an average price of $1,000.00 per share, for a total transaction of $50,000.00. Following the completion of the transaction, the insider now owns 50 shares in the company, valued at $50,000. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 950 shares of company stock worth $950,000. 0.04% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of the stock. Institutional & Family Asset Management LLC purchased a new position in DCP Midstream in the 3rd quarter worth approximately $2,550,000. Virtu Financial LLC purchased a new position in DCP Midstream in the 3rd quarter worth approximately $573,000. First Allied Advisory Services Inc. purchased a new position in DCP Midstream in the 3rd quarter worth approximately $484,000. Allianz Asset Management GmbH purchased a new position in DCP Midstream in the 3rd quarter worth approximately $1,030,000. Finally, Schroder Investment Management Group purchased a new position in DCP Midstream in the 3rd quarter worth approximately $4,756,000. Hedge funds and other institutional investors own 54.88% of the company’s stock.

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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.

Analyst Recommendations for DCP Midstream (NYSE:DCP)

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