DCP Midstream (DCP) Getting Somewhat Favorable Press Coverage, Report Finds
Media coverage about DCP Midstream (NYSE:DCP) has been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. DCP Midstream earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news headlines about the pipeline company an impact score of 46.8710676633674 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of DCP Midstream (NYSE DCP) traded down $0.61 during mid-day trading on Wednesday, hitting $36.87. 405,778 shares of the stock traded hands, compared to its average volume of 546,444. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.84 and a current ratio of 0.89. The firm has a market cap of $5,280.00, a PE ratio of 85.74 and a beta of 2.17. DCP Midstream has a 1 year low of $29.70 and a 1 year high of $42.79.
DCP Midstream (NYSE:DCP) last announced its quarterly earnings results on Tuesday, February 13th. The pipeline company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.19). The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $3.27 billion. DCP Midstream had a net margin of 2.71% and a return on equity of 3.59%. analysts expect that DCP Midstream will post 1.42 EPS for the current fiscal year.
Several equities research analysts have issued reports on the stock. Stifel Nicolaus set a $43.00 target price on shares of DCP Midstream and gave the stock a “buy” rating in a research note on Monday. UBS Group reaffirmed a “buy” rating and set a $42.00 target price (down previously from $46.00) on shares of DCP Midstream in a research note on Friday, March 2nd. Goldman Sachs Group raised shares of DCP Midstream from a “sell” rating to a “neutral” rating and set a $48.00 target price on the stock in a research note on Thursday, February 1st. ValuEngine cut shares of DCP Midstream from a “hold” rating to a “sell” rating in a research note on Thursday, February 15th. Finally, Bank of America cut shares of DCP Midstream from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $41.99 to $40.00 in a research note on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $39.60.
About DCP Midstream
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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