DCP Midstream Partners, LP (DCP) Issues Earnings Results

DCP Midstream Partners, LP (NYSE:DCP) released its quarterly earnings data on Monday, August 7th. The pipeline company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04, Morningstar.com reports. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $2.60 billion. DCP Midstream Partners, had a net margin of 7.93% and a return on equity of 6.71%. The business’s quarterly revenue was up 20.1% on a year-over-year basis.

Shares of DCP Midstream Partners, (NYSE DCP) traded up 0.10% during trading on Friday, reaching $30.69. The company had a trading volume of 235,979 shares. The firm has a market capitalization of $4.40 billion, a P/E ratio of 16.56 and a beta of 2.10. DCP Midstream Partners, has a 52-week low of $29.70 and a 52-week high of $42.45. The company has a 50 day moving average of $33.52 and a 200-day moving average of $36.17.

The business also recently declared a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Tuesday, August 8th were paid a $0.78 dividend. The ex-dividend date was Friday, August 4th. This represents a $3.12 dividend on an annualized basis and a yield of 10.17%. DCP Midstream Partners,’s dividend payout ratio is currently 164.21%.

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DCP has been the topic of a number of recent research reports. Zacks Investment Research upgraded DCP Midstream Partners, from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 10th. Royal Bank Of Canada cut their price objective on shares of DCP Midstream Partners, from $40.00 to $37.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 2nd. US Capital Advisors upgraded shares of DCP Midstream Partners, from a “hold” rating to an “overweight” rating in a research note on Wednesday, May 24th. Credit Suisse Group cut their price objective on shares of DCP Midstream Partners, from $44.00 to $40.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 8th. Finally, Barclays PLC cut their price objective on shares of DCP Midstream Partners, from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. DCP Midstream Partners, presently has an average rating of “Hold” and a consensus target price of $39.64.

Several hedge funds and other institutional investors have recently made changes to their positions in DCP. Advisory Research Inc. acquired a new position in shares of DCP Midstream Partners, during the second quarter worth about $347,051,000. Goldman Sachs Group Inc. acquired a new position in shares of DCP Midstream Partners, during the second quarter worth about $246,698,000. Kayne Anderson Capital Advisors LP acquired a new position in shares of DCP Midstream Partners, during the second quarter worth about $239,264,000. Alps Advisors Inc. acquired a new position in shares of DCP Midstream Partners, during the second quarter worth about $223,169,000. Finally, Tortoise Capital Advisors L.L.C. acquired a new position in shares of DCP Midstream Partners, during the second quarter worth about $126,078,000. 55.72% of the stock is currently owned by institutional investors.

About DCP Midstream Partners,

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.

Earnings History for DCP Midstream Partners, (NYSE:DCP)

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