DCP Midstream, LP found using ticker (DCP) now have 11 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 42 and 35 with the average target price sitting at 37. Given that the stocks previous close was at 31.88 this would imply there is a potential upside of 16.1%. The 50 day MA is 28.68 and the 200 moving average now moves to 28.49. The market capitalisation for the company is $6,893m. Company Website: https://www.dcpmidstream.com
The potential market cap would be $8,000m 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.
