Jefferies Sticks to Their Hold Rating for Dcp Midstream Partners Lp

By Jason Carr

In a report released yesterday, Christopher Sighinolfi from Jefferies reiterated a Hold rating on Dcp Midstream Partners Lp (NYSE: DCP), with a price target of $35. The company’s shares opened today at $30.33, close to its 52-week high of $42.45.

According to, Sighinolfi is a 5-star analyst with an average return of 9.1% and a 59.5% success rate. Sighinolfi covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, Energy Transfer Partners LP, and National Fuel Gas Company.

Dcp Midstream Partners Lp has an analyst consensus of Moderate Buy, with a price target consensus of $39.25.

Dcp Midstream Partners Lp’s market cap is currently $4.37B and has a P/E ratio of 16.05. The company has a book value ratio of 0.6214.

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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.