The price of DCP Midstream LP (NYSE:DCP) shares last traded on Wall Street rose 0.99% to $38.91.
DCP stock price is now 0.11% away from the 50-day moving average and 8.97% away from the 200-day moving average. The market capitalization of the company currently stands at $8.06B.
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With the price target maintained at $39, Wells Fargo recently Downgraded its rating from Overweight to Equal Weight for DCP Midstream LP (NYSE: DCP). On November 02, 2022, JP Morgan Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock keeping its target price maintained at $45, while ‘RBC Capital Mkts’ rates the stock as ‘Sector Perform’.
In other news, Denton Clifford Todd, Director sold 2,750 shares of the company’s stock on Aug 23. The stock was sold for $107,879 at an average price of $39.23. Upon completion of the transaction, the Director now directly owns 2,750 shares in the company, valued at $0.11 million. Insiders disposed of 2,750 shares of company stock worth roughly $0.11 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DCP stock. A new stake in DCP Midstream LP shares was purchased by ANTARA CAPITAL LP during the first quarter worth $30,734,000. WOLVERINE TRADING, LLC invested $573,000 in shares of DCP during the first quarter. In the first quarter, TWO SIGMA SECURITIES, LLC acquired a new stake in DCP Midstream LP valued at approximately $465,000. B. RILEY WEALTH ADVISORS, INC. acquired a new stake in DCP for approximately $445,000. VICTORY CAPITAL MANAGEMENT INC purchased a new stake in DCP valued at around $387,000 in the second quarter. In total, there are 167 active investors with 37.00% ownership of the company’s stock.
A candlestick chart of DCP Midstream LP (NYSE: DCP) showed a price of $38.50 on Thursday morning. During the past 12 months, DCP Midstream LP has had a low of $25.79 and a high of $40.23. As of last week, the company has a debt-to-equity ratio of 0.86, a current ratio of 0.80, and a quick ratio of 0.80. The fifty day moving average price for DCP is $38.87 and a two-hundred day moving average price translates $35.71 for the stock.
The latest earnings results from DCP Midstream LP (NYSE: DCP) was released for Jun, 2022. According to the Oil & Gas Midstream Company, earnings per share came in at $1.77, beating analysts’ expectations of $1.13 by 0.64. This compares to $0.26 EPS in the same period last year. The net profit margin was 6.80% and return on equity was 19.80% for DCP. The company reported revenue of $4.32 billion for the quarter, compared to $2.83 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 52.78 percent. For the current quarter, analysts expect DCP to generate $5.71B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/14/2022. Investors who held shares on 10/28/2022 were paid a $0.43 dividend. On an annualized basis, this represents a $1.72 dividend and a 4.42% percent yield. There was an ex-dividend date of 10/27/2022 for this dividend. In terms of dividend payout ratio, DCP is presently at 31.80%.
DCP Midstream LP(DCP) Company Profile
DCP Midstream, LP, together with its subsidiaries, owns, operates, acquires, and develops a portfolio of midstream energy assets in the United States. The company operates through Logistics and Marketing, and Gathering and Processing. The Logistics and Marketing segment engages in transporting, trading, marketing, and storing natural gas and natural gas liquids (NGLs); and fractionating NGLs. The Gathering and Processing segment is involved in gathering, compressing, treating, and processing natural gas; producing and fractionating NGLs; and recovering condensate. The company owns and operates approximately 35 natural gas processing plants. It serves petrochemical and refining companies, and retail propane distributors. The company was formerly known as DCP Midstream Partners, LP and changed its name to DCP Midstream, LP in January 2017.DCP Midstream, LP was incorporated in 2005 and is headquartered in Denver, Colorado.
