How Will DCP Midstream LP React to Today's Headlines

By Susan Ramirez • Friday, January 06 15:08 • Permanent Link

DCP Midstream LP rose 6.6% during the afternoon session to $41.93 per share. As reported by Reuters: "Phillips 66 buys public units of pipeline operator DCP Midstream for ... ..." You can read more about it here. For those of you thinking about investing in the stock, here is a brief look at the company's fundamentals.

DCP Midstream, LP, together with its subsidiaries, owns, operates, acquires, and develops a portfolio of midstream energy assets in the United States. The company belongs to the Energy sector, which has an average price to earnings (P/E) ratio of 9.11 and an average price to book (P/B) ratio of 1.45. In contrast, DCP Midstream LP has a trailing 12 month P/E ratio of -23.9 and a P/B ratio of 1.7.

At today's price of $41.93 per share, DCP Midstream LP is -5.07% away from its target price of $44.17, and on average, analysts give the stock a rating of buy. 5.4% of the company's shares are linked to short positions, and 35.9% of the shares are owned by institutional investors.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.