DCP Midstream Partners LP (NYSE:DPM) has tumbled 4.43% during the past week and has dropped 3.63% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 3.28%. DCP Midstream Partners LP (NYSE:DPM) has underperformed the index by 4.5% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
DCP Midstream Partners LP (NYSE:DPM): The stock opened at $33.73 on Friday but the bulls could not build on the opening and the stock topped out at $34.08 for the day. The stock traded down to $32.82 during the day, due to lack of any buying support eventually closed down at $33.23 with a loss of -0.12% for the day. The stock had closed at $33.27 on the previous day. The total traded volume was 1,993,337 shares.
The company shares have dropped -3.90% from its 1 Year high price. On Jun 7, 2016, the shares registered one year high at $38.15 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $34.36 and the 200 Day Moving Average price is recorded at $25.90.
On the companys insider trading activities, Morris Thomas C, director of Dcp Midstream Partners, Lp had purchased 5,000 shares on February 27, 2015 in a transaction. The price per share was $39.74 and the total amount of the disclosed transaction was $198,700.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
Many analysts have stated their opinion on the company shares. Jefferies downgrades its rating on DCP Midstream Partners LP (NYSE:DPM). The global brokerage major raises the current price target from $32 per share to $35 per share. Analysts at the Jefferies have a current rating of Hold on the shares. The shares were previously rated Buy. The rating by the firm was issued on June 8, 2016. Currently the company Insiders own 0.04% of DCP Midstream Partners LP shares according to the proxy statements. Institutional Investors own 68.28% of DCP Midstream Partners LP shares.
DCP Midstream Partners, LP is a partnership formed by DCP Midstream, LLC to own, operate, acquire and develop a diversified portfolio of complementary midstream energy assets. The Company is engaged in the business of compressing, treating, processing, transporting, storing and selling natural gas; producing, fractionating, transporting, storing and selling natural gas liquids (NGLs) and recovering and selling condensate, and transporting, storing and selling propane in wholesale markets. It operates in three business segments: Natural Gas Services, which consists of assets and ownership interests that provide market services for its producer customers; NGL Logistics, which owns and operates assets for its NGL Logistics business in Colorado, Kansas, Louisiana, Michigan, Oklahoma and Texas, and Wholesale Propane Logistics, which owns or operates assets for its wholesale propane logistics business in Maine, Massachusetts, New York, Pennsylvania, Rhode Island, Vermont and Virginia.