DCP Midstream (NYSE:DCP) Stock Price Passes Above Fifty Day Moving Average of $30.72

DCP Midstream LP (NYSE:DCP) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $30.72 and traded as high as $28.92. DCP Midstream shares last traded at $28.78, with a volume of 4,545 shares traded.

Several brokerages have recently commented on DCP. Barclays set a $34.00 target price on DCP Midstream and gave the stock a “hold” rating in a report on Wednesday, May 22nd. ValuEngine cut shares of DCP Midstream from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. Finally, Mizuho began coverage on shares of DCP Midstream in a research report on Thursday, March 21st. They issued a “buy” rating and a $36.00 price objective for the company. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $40.73.

The company has a current ratio of 0.45, a quick ratio of 0.43 and a debt-to-equity ratio of 0.67. The stock has a 50-day moving average of $30.63. The company has a market cap of $4.13 billion, a PE ratio of 19.03, a P/E/G ratio of 10.53 and a beta of 2.24.

DCP Midstream (NYSE:DCP) last posted its quarterly earnings data on Monday, May 6th. The pipeline company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.19). DCP Midstream had a return on equity of 6.75% and a net margin of 3.15%. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter last year, the firm earned $0.08 EPS. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. Equities research analysts anticipate that DCP Midstream LP will post 1.37 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Bessemer Group Inc. bought a new stake in shares of DCP Midstream during the 4th quarter valued at $29,000. Icon Wealth Partners LLC bought a new stake in shares of DCP Midstream during the 1st quarter valued at $116,000. American National Insurance Co. TX bought a new stake in shares of DCP Midstream during the 1st quarter valued at $231,000. American Financial Group Inc. bought a new stake in shares of DCP Midstream during the 1st quarter valued at $264,000. Finally, Lavaca Capital LLC raised its position in shares of DCP Midstream by 18.4% during the 1st quarter. Lavaca Capital LLC now owns 10,300 shares of the pipeline company’s stock valued at $340,000 after acquiring an additional 1,600 shares during the last quarter. Hedge funds and other institutional investors own 57.24% of the company’s stock.

DCP Midstream Company Profile (NYSE:DCP)

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, Logistics and Marketing, and Gathering and Processing. The Logistics and Marketing segment engages in transporting, trading, marketing, and storing natural gas and natural gas liquids (NGLs); fractionating NGLs; and wholesale propane logistics.

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