Analysts expect that DCP Midstream LP (NYSE:DCP) will post $0.35 earnings per share (EPS) for the current quarter, Zacks reports. Zero analysts have provided estimates for DCP Midstream’s earnings. The lowest EPS estimate is $0.13 and the highest is $0.48. DCP Midstream posted earnings of $0.08 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 337.5%. The business is expected to report its next earnings report on Monday, May 6th.
On average, analysts expect that DCP Midstream will report full-year earnings of $1.59 per share for the current financial year, with EPS estimates ranging from $1.29 to $1.92. For the next financial year, analysts forecast that the business will post earnings of $2.27 per share, with EPS estimates ranging from $1.81 to $2.66. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover DCP Midstream.
DCP Midstream (NYSE:DCP) last announced its quarterly earnings results on Monday, February 11th. The pipeline company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.70. The firm had revenue of $2.61 billion during the quarter. DCP Midstream had a net margin of 3.03% and a return on equity of 6.43%.
DCP has been the subject of a number of analyst reports. Jefferies Financial Group upgraded shares of DCP Midstream from a “hold” rating to a “buy” rating in a research note on Thursday, December 20th. Raymond James set a $35.00 price target on shares of DCP Midstream and gave the stock a “buy” rating in a research note on Thursday, February 14th. Barclays upgraded shares of DCP Midstream from an “underweight” rating to an “equal weight” rating and cut their price target for the stock from $41.00 to $33.00 in a research note on Wednesday, January 16th. Citigroup cut their price target on shares of DCP Midstream from $46.00 to $34.00 and set a “neutral” rating for the company in a research note on Thursday, November 29th. Finally, ValuEngine upgraded shares of DCP Midstream from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $41.17.
DCP traded up $0.57 during midday trading on Thursday, reaching $33.06. 561,500 shares of the company’s stock were exchanged, compared to its average volume of 697,936. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of 21.47 and a beta of 2.45. The company has a quick ratio of 0.62, a current ratio of 0.65 and a debt-to-equity ratio of 0.69. DCP Midstream has a one year low of $24.18 and a one year high of $46.67.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 14th. Stockholders of record on Monday, February 4th were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 9.44%. The ex-dividend date of this dividend was Friday, February 1st. DCP Midstream’s payout ratio is 202.60%.
In other news, Director Fred J. Fowler acquired 2,500 shares of the company’s stock in a transaction dated Friday, December 28th. The stock was bought at an average price of $26.10 per share, with a total value of $65,250.00. Following the completion of the acquisition, the director now owns 26,800 shares in the company, valued at approximately $699,480. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.04% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. First Capital Advisors Group LLC. increased its holdings in shares of DCP Midstream by 5.3% during the fourth quarter. First Capital Advisors Group LLC. now owns 26,113 shares of the pipeline company’s stock worth $692,000 after buying an additional 1,314 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of DCP Midstream by 423.5% in the third quarter. Renaissance Technologies LLC now owns 81,433 shares of the pipeline company’s stock valued at $3,224,000 after purchasing an additional 65,877 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of DCP Midstream in the third quarter valued at approximately $45,536,000. Northern Trust Corp increased its holdings in shares of DCP Midstream by 7.6% in the second quarter. Northern Trust Corp now owns 74,533 shares of the pipeline company’s stock valued at $2,948,000 after purchasing an additional 5,237 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of DCP Midstream by 94.2% in the third quarter. Deutsche Bank AG now owns 450,636 shares of the pipeline company’s stock valued at $17,840,000 after purchasing an additional 218,541 shares in the last quarter. 56.27% of the stock is owned by institutional investors.
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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