DCP Midstream (NYSE:DCP) Posts Earnings Results, Misses Estimates By $0.43 EPS

DCP Midstream (NYSE:DCP) released its quarterly earnings results on Tuesday. The pipeline company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.43), Fidelity Earnings reports. DCP Midstream had a return on equity of 7.41% and a net margin of 1.32%. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $2.31 billion.

DCP Midstream stock traded down $0.11 during trading hours on Friday, hitting $20.08. 33,740 shares of the stock were exchanged, compared to its average volume of 892,930. The stock has a market capitalization of $3.03 billion, a P/E ratio of -27.12, a P/E/G ratio of 8.48 and a beta of 2.09. The business’s 50-day moving average is $23.57 and its two-hundred day moving average is $24.27. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.59 and a current ratio of 0.63. DCP Midstream has a 12 month low of $19.77 and a 12 month high of $34.15.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.78 per share. The ex-dividend date is Friday, January 31st. This represents a $3.12 annualized dividend and a yield of 15.54%. DCP Midstream’s dividend payout ratio is 202.60%.

Several equities research analysts have commented on DCP shares. Raymond James decreased their price objective on shares of DCP Midstream from $28.00 to $24.00 and set an “outperform” rating for the company in a research note on Thursday. Zacks Investment Research lowered shares of DCP Midstream from a “buy” rating to a “hold” rating in a report on Thursday, January 16th. Finally, SunTrust Banks started coverage on shares of DCP Midstream in a research note on Friday, December 13th. They issued a “hold” rating and a $26.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $29.00.

About DCP Midstream

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); fractionating NGLs; and wholesale propane logistics.

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Earnings History for DCP Midstream (NYSE:DCP)

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