In a report issued on May 21, Christopher Tillett from Barclays maintained a Hold rating on Dcp Midstream Partners Lp (DCP), with a price target of $34. The company’s shares closed yesterday at $32.66.
According to TipRanks.com, Tillett is a 1-star analyst with an average return of -4.2% and a 50.0% success rate. Tillett covers the Basic Materials sector, focusing on stocks such as Antero Midstream Corporation, Western Midstream Partners, and CNX Midstream Partners LP.
Dcp Midstream Partners Lp has an analyst consensus of Moderate Buy, with a price target consensus of $35.80, which is a 9.6% upside from current levels. In a report issued on May 8, RBC Capital also maintained a Hold rating on the stock with a $33 price target.
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Based on Dcp Midstream Partners Lp’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.23 billion and net profit of $34 million. In comparison, last year the company earned revenue of $2.18 billion and had a net profit of $21 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.
