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RBC Capital Sticks to Their Hold Rating for Dcp Midstream Partners Lp

Investing.com
·1 min read


RBC Capital analyst Elvira Scotto maintained a Hold rating on Dcp Midstream Partners (NYSE:DCP) Lp on Monday, setting a price target of $9, which is approximately 15.53% above the present share price of $7.79.

Scotto expects Dcp Midstream Partners Lp to post earnings per share (EPS) of -$2.71 for the second quarter of 2020.

The current consensus among 11 TipRanks analysts is for a Hold rating of shares in Dcp Midstream Partners, with an average price target of $8.2.
The analysts price targets range from a high of $11 to a low of $3.

In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $1.66 billion and a net profit of $200 million. The company's market cap is $1.69 billion.

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According to TipRanks.com, RBC Capital analyst Elvira Scotto is a 5-star analyst with an average return of 15.5% and a 60.1% success rate.

DCP Midstream LP engages in the business of gathering, compressing, treating, processing, transporting, storing and selling natural gas. It operates through three segments: Gathering & Processing powerhouse, Logistics & Marketing, and Growth Projects. The Gathering & Processing powerhouse segment engages in gathering and processing of raw gas to make it marketable. The Logistics & Marketing segment consists of multiple downstream assets including fractionators, NGL pipelines, and NGL storage facilities. The Growth Projects segment includes Mewbourn 3, which is a cryogenic natural gas processing plant in the DJ Basin. The company was founded in August 2005 and is headquartered in Denver, CO.