DCP Midstream, LP which can be found using ticker (DCP) have now 5 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 42 and 38 with the average target price sitting at $41.10. Given that the stocks previous close was at $41.72 this would imply there is a potential downside of -1.5%. It’s also worth noting that there is a 50 day moving average of $41.74 and the 200 moving average now moves to $37.99. The market capitalization for the company is $8,722m. Visit the company website at: https://www.dcpmidstream.com
The potential market cap would be $8,592m based on the market consensus.
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 two segments, 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 36 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.
The company is not paying dividends at this time.
