Dcp Midstream Partners (DCP) Receives a Hold from Wells Fargo

Wells Fargo analyst Michael Blum maintained a Hold rating on Dcp Midstream Partners (DCPResearch Report) today. The company’s shares closed last Monday at $23.99, close to its 52-week low of $22.37.

According to TipRanks.com, Blum is a 4-star analyst with an average return of 8.7% and a 58.3% success rate. Blum covers the Basic Materials sector, focusing on stocks such as Phillips 66 Partners, Energy Transfer, and Targa Resources.

Dcp Midstream Partners has an analyst consensus of Moderate Buy, with a price target consensus of $27.83, representing a 19.0% upside. In a report issued on November 4, Citigroup also maintained a Hold rating on the stock with a $23.00 price target.

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Based on Dcp Midstream Partners’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.7 billion and GAAP net loss of $213 million. In comparison, last year the company earned revenue of $2.82 billion and had a net profit of $39 million.

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DCP Midstream LP engages in the business of gathering, compressing, treating, processing, transporting, storing and selling natural gas; producing, fractionating, transporting, storing and selling natural gas liquids (NGLs) and condensate; and transporting, storing and selling propane in wholesale markets.