DCP Midstream Partners LP (DPM) : Fridays money flow data in DCP Midstream Partners LP (DPM) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $3.27 million, whereas, $2.09 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.57, in favor of the bulls. The total money flow into the stock was $1.18 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $1.55 million. The total value of block trades done on upticks was $1.55 million. DCP Midstream Partners LP (DPM) fell $0.12 and traded at $34.39, down -0.35% for the day, over previous days close. On a weekly basis, the shares are -2.58% over the previous weeks close.
DCP Midstream Partners LP (DPM) : The consensus price target for DCP Midstream Partners LP (DPM) is $34.1 for the short term with a standard deviation of $4.48. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $39, however, the pessimist price target for the company is $22.
DCP Midstream Partners LP (NYSE:DPM): On Fridays trading session , Opening price of the stock was $34.4 with an intraday high of $34.93. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $34. However, the stock managed to close at $34.36, a loss of 0.43% for the day. On the previous day, the stock had closed at $34.51. The total traded volume of the day was 414,666 shares.
In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Dcp Midstream Partners, Lp, Morris Thomas C had purchased shares worth of $198,700 in a transaction dated on February 27, 2015. A total of 5,000 shares were purchased at a price of $39.74 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
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.