DCP Midstream, LP with ticker code (DCP) have now 13 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 49 and 34 with the average target price sitting at 37.54. Given that the stocks previous close was at 28.4 this would indicate that there is a potential upside of 32.2%. The 50 day moving average now sits at 27.26 and the 200 day moving average is 27.84. The market capitalisation for the company is $5,920m. Visit the company website at: https://www.dcpmidstream.com
The potential market cap would be $7,825m 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 in 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 39 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.
