DCP Midstream, LP with ticker code (DCP) have now 9 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 51 and 37 calculating the mean target price we have 43. Given that the stocks previous close was at 28.52 this would imply there is a potential upside of 50.8%. The 50 day moving average now sits at 34.38 and the 200 moving average now moves to 31.02. The company has a market capitalisation of $6,156m. Visit the company website at: https://www.dcpmidstream.com
The potential market cap would be $9,281m 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.
