DCP Midstream Partners LP (DPM) has an average broker rating of 2.69, which is interpreted as a Hold, as rated by 12 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
DCP Midstream Partners LP (DPM) : The consensus price target for DCP Midstream Partners LP (DPM) is $35.7 for the short term with a standard deviation of $1.42. 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 $34.
Company shares have received an average consensus rating of Hold for the current week Also, Ladenburg Thalmann downgrades its view on DCP Midstream Partners LP (NYSE:DPM) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on July 21, 2016.
DCP Midstream Partners LP (NYSE:DPM): The stock opened at $33.91 and touched an intraday high of $34.83 on Wednesday. During the day, the stock corrected to an intraday low of $33.91, however, the bulls stepped in and pushed the price higher to close in the green at $34.82 with a gain of 2.26% for the day. The total traded volume for the day was 1,585,301. The stock had closed at $34.05 in the previous trading session.
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.