DCP Midstream Partners, LP (NYSE:DCP) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Thursday.

According to Zacks, “DCP Midstream Partners, LP is a midstream master limited partnership that gathers, treats, compresses, processes, transports and markets natural gas and transports and markets natural gas liquids. DCP Midstream Partners, LP is managed by its general partner, DCP Midstream GP, LLC, which is wholly owned by Duke Energy Field Services, a joint venture between Duke Energy and ConocoPhillips. It is a midstream master limited partnership formed by Duke Energy Field Services to own, operate, acquire and develop a diversified portfolio of complementary midstream assets. Supported by its relationship with Duke Energy Field Services and its parents, Duke Energy and ConocoPhillips, it intend to acquire and construct additional assets and have a management team dedicated to executing our growth strategies. “

DCP has been the subject of a number of other research reports. Royal Bank Of Canada restated a “sector perform” rating and issued a $37.00 price objective (down previously from $40.00) on shares of DCP Midstream Partners, in a research note on Tuesday. Credit Suisse Group dropped their price objective on shares of DCP Midstream Partners, from $44.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, US Capital Advisors upgraded shares of DCP Midstream Partners, from a “hold” rating to an “overweight” rating in a research note on Wednesday, May 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $39.90.

Shares of DCP Midstream Partners, (DCP) traded down 1.69% during trading on Thursday, hitting $31.41. 478,234 shares of the company’s stock were exchanged. DCP Midstream Partners, has a 1-year low of $29.70 and a 1-year high of $42.45. The firm has a market capitalization of $4.50 billion, a PE ratio of 18.63 and a beta of 2.10. The stock’s 50 day moving average is $33.72 and its 200 day moving average is $36.54.

DCP Midstream Partners, (NYSE:DCP) last announced its quarterly earnings data on Monday, August 7th. The pipeline company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. DCP Midstream Partners, had a net margin of 7.93% and a return on equity of 7.91%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $2.60 billion. The business’s quarterly revenue was up 20.1% on a year-over-year basis. On average, equities research analysts forecast that DCP Midstream Partners, will post $1.16 earnings per share for the current year.

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Large investors have recently made changes to their positions in the company. Solaris Asset Management LLC purchased a new stake in shares of DCP Midstream Partners, during the second quarter worth about $140,000. Global X Management Co. LLC purchased a new stake in shares of DCP Midstream Partners, during the second quarter worth about $19,162,000. Tortoise Capital Advisors L.L.C. purchased a new stake in shares of DCP Midstream Partners, during the second quarter worth about $126,078,000. Sei Investments Co. purchased a new stake in shares of DCP Midstream Partners, during the second quarter worth about $179,000. Finally, Center Coast Capital Advisors LP purchased a new stake in shares of DCP Midstream Partners, during the second quarter worth about $113,213,000. Institutional investors and hedge funds own 56.43% of the company’s stock.

DCP Midstream Partners, 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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Analyst Recommendations for DCP Midstream Partners, (NYSE:DCP)

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