In a report released today, Michael Blum from Wells Fargo maintained a Hold rating on Dcp Midstream Partners Lp (DCP). The company’s shares opened today at $31.90.
According to TipRanks.com, Blum is a 4-star analyst with an average return of 8.8% and a 58.2% success rate. Blum covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, Targa Resources Corp, and Phillips 66 Partners.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dcp Midstream Partners Lp with a $39.75 average price target.
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Based on Dcp Midstream Partners Lp’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.48 billion and net profit of $53 million. In comparison, last year the company earned revenue of $2.39 billion and had a net profit of $18 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.
