DCP Midstream LP (NYSE:DCP) – Stock analysts at US Capital Advisors cut their Q1 2019 earnings per share estimates for DCP Midstream in a research report issued to clients and investors on Monday, March 18th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will post earnings per share of $0.32 for the quarter, down from their previous estimate of $0.33. US Capital Advisors also issued estimates for DCP Midstream’s Q2 2019 earnings at $0.25 EPS, Q3 2019 earnings at $0.33 EPS, Q4 2019 earnings at $0.40 EPS, FY2019 earnings at $1.69 EPS, Q2 2020 earnings at $0.45 EPS, Q3 2020 earnings at $0.51 EPS, Q4 2020 earnings at $0.53 EPS and FY2020 earnings at $2.35 EPS.

Several other brokerages also recently weighed in on DCP. Mizuho initiated coverage on DCP Midstream in a research note on Thursday. They set a “buy” rating for the company. Evercore ISI initiated coverage on DCP Midstream in a research note on Tuesday, February 5th. They set a $34.00 target price for the company. Zacks Investment Research upgraded DCP Midstream from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 14th. Morgan Stanley lowered their target price on DCP Midstream from $42.00 to $41.00 and set an “underweight” rating for the company in a research note on Friday, November 30th. Finally, Raymond James initiated coverage on DCP Midstream in a research note on Thursday, January 10th. They set an “outperform” rating and a $36.00 target price for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $41.09.

Shares of NYSE DCP opened at $33.99 on Wednesday. DCP Midstream has a 12-month low of $24.18 and a 12-month high of $46.67. The firm has a market capitalization of $4.84 billion, a P/E ratio of 22.07 and a beta of 2.49. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.67 and a quick ratio of 0.63.

DCP Midstream (NYSE:DCP) last announced its quarterly earnings results on Monday, February 11th. The pipeline company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.70. DCP Midstream had a return on equity of 6.47% and a net margin of 3.03%. The firm had revenue of $2.61 billion during the quarter.

Large investors have recently bought and sold shares of the stock. Bessemer Group Inc. acquired a new position in DCP Midstream in the fourth quarter worth about $29,000. Penserra Capital Management LLC bought a new position in DCP Midstream in the fourth quarter worth about $173,000. GAM Holding AG bought a new position in DCP Midstream in the third quarter worth about $331,000. Lavaca Capital LLC bought a new position in DCP Midstream in the fourth quarter worth about $230,000. Finally, Creative Planning lifted its holdings in DCP Midstream by 4.3% in the fourth quarter. Creative Planning now owns 8,745 shares of the pipeline company’s stock worth $232,000 after acquiring an additional 360 shares during the last quarter. Institutional investors and hedge funds own 56.01% of the company’s stock.

In other news, Director Fred J. Fowler purchased 2,500 shares of the firm’s stock in a transaction that occurred on Friday, December 28th. The stock was acquired at an average cost of $26.10 per share, for a total transaction of $65,250.00. Following the completion of the purchase, the director now owns 26,800 shares of the company’s stock, valued at $699,480. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.04% of the stock is currently owned by company insiders.

About DCP Midstream

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, Gathering and Processing, and Logistics and Marketing. The Gathering and Processing segment is involved in gathering, compressing, treating, and processing natural gas; producing and fractionating natural gas liquids (NGLs); and recovering condensate.

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

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