Dominion Midstream Partners LP (DM) is Reiterated by Barclays to Overweight, Raises Price Target to $ 35

Dominion Midstream Partners LP (DM) was Reiterated by Barclays to “Overweight” according to the research note released today. The brokerage firm has raised the Price Target to $ 35 from a previous price target of $33 . Barclays advised their investors in a research report released on May 5, 2016.

Many Wall Street Analysts have commented on Dominion Midstream Partners LP. Dominion Midstream Partners LP was Initiated by Morgan Stanley to “Overweight” on Feb 25, 2016.

On the company’s financial health, Dominion Midstream Partners LP reported $0.29 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $0.31. The company had revenue of $83.00 million for the quarter, compared to analysts expectations of $89.38 million. The company’s revenue was up 5.9% compared to the same quarter last year.

Dominion Midstream Partners LP closed down -0.32 points or -1.01% at $31.28 with 61,253 shares getting traded on Wednesday. Post opening the session at $31.73, the shares hit an intraday low of $30.9 and an intraday high of $32.3 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Oct 6, 2015, John W. Snow (director) purchased 17,500 shares at $28.27 per share price. According to the SEC, on Sep 14, 2015, Thomas F Ii Farrell (CEO) purchased 5,000 shares at $29.96 per share price. On Aug 24, 2015, Mark F Mcgettrick (CFO) purchased 5,000 shares at $34.95 per share price, according to the Form-4 filing with the securities and exchange commission.

Dominion Midstream Partners LP (Dominion Midstream) through its wholly owned subsidiary Cove Point GP Holding Company LLC owns the preferred equity interests and the general partner interest of Dominion Cove Point LNG LP (Cove Point) which owns liquefied natural gas (LNG) import storage regasification and transportation assets. Cove Point’s operations consist of LNG import and storage services at the Cove Point LNG Facility and the transportation of domestic natural gas and regasified LNG to Mid-Atlantic markets via the Cove Point Pipeline. The Cove Point LNG Facility includes an offshore pier LNG storage tanks regasification facilities and associated equipment. The Cove Point Pipeline is a 36-inch diameter bi-directional underground interstate natural gas pipeline. Cove Point is engaged in the process of constructing the Liquefaction Project.

Dominion Midstream Partners LP

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