Revenue Update on DCP Midstream Partners LP(NYSE:DPM)

DCP Midstream Partners LP(NYSE:DPM) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $348.00M. Analysts estimated a revenue of $385.08M. Earnings per share were $0.12. Analysts had estimated an EPS of $0.40.

In a different note, On Jul 21, 2016, Ladenburg Thalmann said it Downgrades its rating on DCP Midstream Partners LP. The shares have been rated ‘Neutral’ by the firm. On Jun 8, 2016, Jefferies said it Downgrades its rating on DCP Midstream Partners LP. In the research note, the firm Raises the price-target to $32.00 per share. The shares have been rated ‘Hold’ by the firm. On May 18, 2016, US Capital Advisors said it Downgrades its rating on DCP Midstream Partners LP. The shares have been rated ‘Hold’ by the firm. On May 9, 2016, Wells Fargo said it Downgrades its rating on DCP Midstream Partners LP. The shares have been rated ‘Market Perform’ by the firm.

DCP Midstream Partners LP (DPM) made into the market gainers list on Fridays trading session with the shares advancing 0.09% or 0.03 points. Due to strong positive momentum, the stock ended at $34.15, which is also near the day’s high of $35.08. The stock began the session at $34.32 and the volume stood at 2,30,622 shares. The 52-week high of the shares is $38.15 and the 52 week low is $15.09. The company has a current market capitalization of $3,918 M and it has 11,47,42,948 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 2, 2015, Thomas C Morris (director) purchased 5,000 shares at $39.74 per share price.

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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