Advertisement
Australia markets closed

  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     

  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     

  • AUD/USD

    0.6498
    -0.0002 (-0.04%)
     

  • OIL

    82.69
    -0.12 (-0.14%)
     

  • GOLD

    2,330.10
    -8.30 (-0.35%)
     

  • Bitcoin AUD

    99,200.87
    -3,523.05 (-3.43%)
     

  • CMC Crypto 200

    1,394.60
    -29.50 (-2.07%)
     

  • AUD/EUR

    0.6070
    -0.0001 (-0.01%)
     

  • AUD/NZD

    1.0945
    +0.0003 (+0.03%)
     

  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     

  • NASDAQ

    17,526.80
    +55.33 (+0.32%)
     

  • FTSE

    8,040.38
    -4.43 (-0.06%)
     

  • Dow Jones

    38,460.92
    -42.77 (-0.11%)
     

  • DAX

    18,088.70
    -48.95 (-0.27%)
     

  • Hang Seng

    17,201.27
    +372.34 (+2.21%)
     

  • NIKKEI 225

    37,975.19
    -484.89 (-1.26%)
     

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.

ADVERTISEMENT

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.