An issue of DCP Midstream Partners, LP (NYSE:DCP) bonds rose 0.9% against their face value during trading on Thursday. The debt issue has a 3.875% coupon and is set to mature on March 15, 2023. The bonds in the issue are now trading at $98.13 and were trading at $98.06 last week. Price moves in a company’s bonds in credit markets often anticipate parallel moves in its share price.
Several research firms have issued reports on DCP. FBR & Co set a $36.00 price objective on shares of DCP Midstream Partners, and gave the company a “hold” rating in a report on Saturday, February 18th. US Capital Advisors raised shares of DCP Midstream Partners, from a “hold” rating to an “overweight” rating in a report on Wednesday, May 24th. Finally, Zacks Investment Research raised shares of DCP Midstream Partners, from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 7th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $39.18.
DCP Midstream Partners, LP (NYSE:DCP) opened at 31.76 on Friday. DCP Midstream Partners, LP has a 1-year low of $31.02 and a 1-year high of $42.45. The stock has a 50 day moving average of $35.27 and a 200 day moving average of $37.37. The stock has a market capitalization of $4.55 billion, a P/E ratio of 18.84 and a beta of 2.11.
DCP Midstream Partners, (NYSE:DCP) last released its quarterly earnings data on Wednesday, May 10th. The pipeline company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.31 by $0.10. DCP Midstream Partners, had a net margin of 10.53% and a return on equity of 8.15%. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $613.40 million. During the same period in the previous year, the firm earned $0.36 EPS. The business’s revenue for the quarter was up 44.9% compared to the same quarter last year. On average, analysts expect that DCP Midstream Partners, LP will post $1.29 earnings per share for the current year.
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.
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