Dcp Midstream Partners Lp Gets a Hold Rating from RBC Capital

By Austin Angelo

RBC Capital analyst Elvira Scotto reiterated a Hold rating on Dcp Midstream Partners Lp (NYSE: DCP) on September 11 and set a price target of $34. The company’s shares opened today at $32.82.

According to TipRanks.com, Scotto is a top 100 analyst with an average return of 19.3% and a 68.5% success rate. Scotto covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, American Midstreampartners Lp, and Energy Transfer Partners LP.

Currently, the analyst consensus on Dcp Midstream Partners Lp is Moderate Buy and the average price target is $37.25, representing a 13.5% upside.

In a report issued on August 28, Jefferies also reiterated a Hold rating on the stock with a $35 price target.

The company has a one year high of $42.45 and a one year low of $29.70. Currently, Dcp Midstream Partners Lp has an average volume of 356.6K.

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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. It operates through the following segments: Natural Gas Services, NGL Logistics, and Wholesale Propane Logistics. The Natural Gas Services segment provides services that include gathering, compressing, treating, processing, transporting and storing natural gas, and fractionating NGLs. The NGL Logistics segment transport NGLs from natural gas processing plants to fractionation facilities, a petrochemical plant and a third party underground NGL storage facility. The Wholesale Propane Logistics segment covers the receipt of propane from processing plants, fractionation facilities and crude oil refineries, the transportation of that propane by pipeline, rail or ship to terminals and storage facilities, the storage of propane and the delivery of propane to distributors. The company was founded in August 2005 and is headquartered in Denver, CO.