Barclays Sticks to Their Sell Rating for Dcp Midstream Partners Lp (DCP)
Barclays analyst Christine Cho maintained a Sell rating on Dcp Midstream Partners Lp (NYSE: DCP) today and set a price target of $41. The company’s shares closed yesterday at $42.
According to TipRanks.com, Cho is a 2-star analyst with an average return of 0.3% and a 47.2% success rate. Cho covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, EnLink Midstream Partners, and Antero Midstream Partners.
Dcp Midstream Partners Lp has an analyst consensus of Moderate Buy, with a price target consensus of $44.50.
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Based on Dcp Midstream Partners Lp’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.38 billion and net profit of $21 million. In comparison, last year the company earned revenue of $2.1 billion and had a GAAP net loss of $59 million.
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DCP Midstream LP engages in the business of gathering, compressing, treating, processing, transporting, storing and selling natural gas; producing, fractionating, transporting, storing and selling natural gas liquids (NGLs) and condensate; and transporting, storing and selling propane in wholesale markets.