DCP Midstream, LP found using ticker (DCP) now have 6 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 47 and 38 calculating the mean target price we have 44.17. Now with the previous closing price of 39.33 this indicates there is a potential upside of 12.3%. The 50 day moving average now sits at 38.29 while the 200 day moving average is 34.28. The company has a market cap of $8,160m. Company Website: https://www.dcpmidstream.com
The potential market cap would be $9,165m based on the market concensus.
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.
