Barclays set a $41.00 price target on DCP Midstream (NYSE:DCP) in a report published on Friday. The firm currently has a sell rating on the pipeline company’s stock.

A number of other equities research analysts have also commented on DCP. Credit Suisse Group assumed coverage on shares of DCP Midstream in a report on Thursday. They set an outperform rating and a $57.00 price target for the company. Zacks Investment Research lowered shares of DCP Midstream from a buy rating to a hold rating in a report on Thursday, July 19th. Goldman Sachs Group upgraded shares of DCP Midstream from a neutral rating to a buy rating in a report on Tuesday, June 26th. US Capital Advisors reiterated an overweight rating on shares of DCP Midstream in a report on Tuesday, July 17th. Finally, Citigroup upped their price target on shares of DCP Midstream from $37.00 to $44.00 and gave the company a neutral rating in a report on Tuesday, July 31st. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $45.36.

NYSE:DCP traded down $0.40 during midday trading on Friday, reaching $41.60. 700,958 shares of the stock traded hands, compared to its average volume of 567,190. DCP Midstream has a 12 month low of $32.08 and a 12 month high of $46.67. The company has a quick ratio of 0.65, a current ratio of 0.68 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $5.67 billion, a P/E ratio of 78.49 and a beta of 2.32.

DCP Midstream (NYSE:DCP) last posted its quarterly earnings results on Tuesday, August 7th. The pipeline company reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.17). DCP Midstream had a net margin of 1.84% and a return on equity of 3.07%. The firm had revenue of $2.32 billion for the quarter. As a group, analysts anticipate that DCP Midstream will post 1.12 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of DCP. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in DCP Midstream in the 2nd quarter worth $52,925,000. Summit Trail Advisors LLC raised its holdings in DCP Midstream by 5,069.2% in the 1st quarter. Summit Trail Advisors LLC now owns 1,002,729 shares of the pipeline company’s stock worth $1,003,000 after purchasing an additional 983,331 shares in the last quarter. Alps Advisors Inc. raised its holdings in DCP Midstream by 5.9% in the 2nd quarter. Alps Advisors Inc. now owns 7,510,182 shares of the pipeline company’s stock worth $272,845,000 after purchasing an additional 420,636 shares in the last quarter. Wells Fargo & Company MN raised its holdings in DCP Midstream by 88.4% in the 2nd quarter. Wells Fargo & Company MN now owns 525,364 shares of the pipeline company’s stock worth $20,778,000 after purchasing an additional 246,539 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in DCP Midstream by 7.5% in the 2nd quarter. Bank of America Corp DE now owns 2,006,274 shares of the pipeline company’s stock worth $79,348,000 after purchasing an additional 140,184 shares in the last quarter. Institutional investors and hedge funds own 55.05% of the company’s stock.

DCP Midstream Company Profile

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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