DCP Midstream Partners LP (DPM) Receives Analyst Rating

DCP Midstream Partners LP (DPM) : Zacks Investment Research ranks DCP Midstream Partners LP (DPM) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 9 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 13 research analysts is 2.72, which indicates as a Hold.

DCP Midstream Partners LP (DPM) : 11 Wall Street analysts covering DCP Midstream Partners LP (DPM) believe that the average level the stock could reach for the short term is $35.64. The maximum price target given is $39 and the minimum target for short term is around $33, hence the standard deviation is calculated at $1.5.


Also, FBR Capital initiates coverage on DCP Midstream Partners LP (NYSE:DPM). The shares have now been rated Market Perform by the stock experts at the ratings house. FBR Capital announces the current price target of $33 per share on DCP Midstream Partners LP. The rating by the firm was issued on September 9, 2016.

DCP Midstream Partners LP (NYSE:DPM): After opening at $32.87, the stock dipped to an intraday low of $32.147 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $33.04 and the buying power remained strong till the end. The stock closed at $32.97 for the day, a gain of 0.06% for the day session. The total traded volume was 621,469. The stocks close on the previous trading day was $32.95.

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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