DCP Midstream Partners LP (DPM) Receives Price Target

DCP Midstream Partners LP (DPM) : 10 Wall Street analysts covering DCP Midstream Partners LP (DPM) believe that the average level the stock could reach for the short term is $35.7. The maximum price target given is $39 and the minimum target for short term is around $34, hence the standard deviation is calculated at $1.42.

DCP Midstream Partners LP (DPM) has an average broker rating of 2.69, which is interpreted as a Hold, as rated by 12 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.


Also, Ladenburg Thalmann downgrades its rating on DCP Midstream Partners LP (NYSE:DPM). Analysts at the Ladenburg Thalmann have a current rating of Neutral on the shares. The shares were previously rated Buy. The rating by the firm was issued on July 21, 2016.

DCP Midstream Partners LP (NYSE:DPM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.50 and $32.09 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.91. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.91, notching a gain of 0.43% for the day. The total traded volume was 266,571 . The stock had closed at $32.77 on the previous day.

DCP Midstream Partners, LP is a partnership formed by DCP Midstream, LLC to own, operate, acquire and develop a diversified portfolio of complementary midstream energy assets. The Company is engaged in the business of compressing, treating, processing, transporting, storing and selling natural gas; producing, fractionating, transporting, storing and selling natural gas liquids (NGLs) and recovering and selling condensate, and transporting, storing and selling propane in wholesale markets. It operates in three business segments: Natural Gas Services, which consists of assets and ownership interests that provide market services for its producer customers; NGL Logistics, which owns and operates assets for its NGL Logistics business in Colorado, Kansas, Louisiana, Michigan, Oklahoma and Texas, and Wholesale Propane Logistics, which owns or operates assets for its wholesale propane logistics business in Maine, Massachusetts, New York, Pennsylvania, Rhode Island, Vermont and Virginia.

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