J.P. Morgan Reiterates a Hold Rating on Dcp Midstream Partners Lp

In a report released yesterday, Jeremy Tonet from J.P. Morgan reiterated a Hold rating on Dcp Midstream Partners Lp (NYSE: DPM). The company’s shares opened today at $32.56.

According to TipRanks.com, Tonet is a 4-star analyst with an average return of 3.0% and a 49.5% success rate. Tonet covers the Basic Materials sector, focusing on stocks such as Calumet Specialty Products, Antero Midstream Partners, and EnLink Midstream Partners.

Dcp Midstream Partners Lp has an analyst consensus of Hold, with a price target consensus of $35.

Dcp Midstream Partners Lp’s market cap is currently $3.74B and has a P/E ratio of 24.35. The company has a book value ratio of 1.4241.

DCP Midstream Partners 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. The company operates through the following segments: Natural Gas Services, Wholesale Propane Logistics and NGL Logistics. The Natural Gas Services segment provides services that include gathering, compressing, treating, processing, transporting and storing natural gas. The NGL Logistics segment provides services that include transportation, storage and fractionation of NGLs, which consists of the Seabreeze and Wilbreeze intrastate NGL pipelines, the Wattenberg and Black Lake interstate NGL pipelines, the NGL storage facility in Michigan and the DJ Basin NGL Fractionators in Colorado. The Wholesale Propane Logistics segment provides services that include the receipt of propane by pipeline, rail or ship to its terminals that deliver the product to distributors, which consists of six owned rail terminals, one owned marine terminal, one leased marine terminal, one pipeline terminal and access to several open-access pipeline terminals. The company was founded in August 2005 and is headquartered in Denver, CO.