Stifel Nicolaus Reiterates “Buy” Rating for DCP Midstream Partners, LP (DCP)
DCP Midstream Partners, LP (NYSE:DCP)‘s stock had its “buy” rating restated by analysts at Stifel Nicolaus in a report released on Thursday. They presently have a $40.00 price target on the pipeline company’s stock, up from their prior price target of $39.00. Stifel Nicolaus’ price target indicates a potential upside of 16.52% from the stock’s current price.
DCP has been the topic of a number of other reports. Jefferies Group LLC reissued a “hold” rating and issued a $33.00 price objective (down from $35.00) on shares of DCP Midstream Partners, in a report on Friday, September 1st. Zacks Investment Research lowered DCP Midstream Partners, from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. R. F. Lafferty initiated coverage on DCP Midstream Partners, in a report on Thursday, October 5th. They issued a “buy” rating and a $38.00 price objective on the stock. Royal Bank Of Canada cut their price objective on DCP Midstream Partners, from $40.00 to $37.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 2nd. Finally, Credit Suisse Group cut their price objective on DCP Midstream Partners, from $44.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $38.73.
DCP Midstream Partners, (NYSE DCP) opened at $34.33 on Thursday. The company has a quick ratio of 0.71, a current ratio of 0.73 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $5,012.98, a PE ratio of 39.30 and a beta of 2.09. DCP Midstream Partners, has a 1-year low of $29.70 and a 1-year high of $42.45.
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A number of institutional investors have recently bought and sold shares of the stock. Advisory Research Inc. acquired a new stake in DCP Midstream Partners, during the second quarter worth about $347,051,000. Alps Advisors Inc. grew its holdings in DCP Midstream Partners, by 11.3% during the third quarter. Alps Advisors Inc. now owns 7,339,101 shares of the pipeline company’s stock worth $254,226,000 after acquiring an additional 742,319 shares during the period. Goldman Sachs Group Inc. acquired a new stake in DCP Midstream Partners, during the second quarter worth about $246,698,000. Kayne Anderson Capital Advisors LP acquired a new stake in DCP Midstream Partners, during the second quarter worth about $239,264,000. Finally, Harvest Fund Advisors LLC grew its holdings in DCP Midstream Partners, by 1.4% during the third quarter. Harvest Fund Advisors LLC now owns 4,685,245 shares of the pipeline company’s stock worth $162,297,000 after acquiring an additional 62,796 shares during the period. 55.20% of the stock is currently owned by hedge funds and other institutional investors.
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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