Value gained By DCP Midstream LP (DCP) In The Past Week: $38.88

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DCP Midstream LP (NYSE:DCP) finished Thursday with a subtraction of -$1.42 to close at $36.27, a downside of -3.77 percent. An average of 850,736 shares of common stock have been traded in the last five days. There was a fall of -$1.59 in the past week, and it reached a new high 22 times over the past 12 months. The last 20 days have seen an average of 901,534 shares traded, while the 50-day average volume stands at 817,710.

DCP stock has decreased by -3.04% in the last month. The company shares reached their 1-month lowest point of $36.38 on 09/23/22. With the stock rallying to its 52-week high on 04/21/22, shares of the company touched a low of $23.58 and a high of $39.54 in 52 weeks. It has reached a new high 24 times so far this year and achieved 37.15% or $8.92 in price. In spite of this, the price is down -8.27% from the 52-week high.


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Insider Transactions

31 days have passed since DCP Midstream LP (DCP) last reported insider trading activity. Denton Clifford Todd, who is Director, most recently acquired $2,750 shares at $39.23 per share on Aug 23.

Valuation Metrics

DCP Midstream LP (DCP) has a trailing price-to-earnings (P/E) ratio of 10.17. The stock’s beta is 2.67. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.56, the price-to-book (PB) ratio at 1.46, and the price-to-cash flow ratio at 11.26.

The company has a payout ratio of 42.10%. The company’s most recent quarterly dividend payment was $0.43 a share, representing a up of 10.26% from $0.39 last year. Its latest increase dividend $0.04 reported on Thursday July 21 2022.

Financial Health

The quick ratio of DCP Midstream LP for the three months ended June 29 was 0.90, and the current ratio was 0.90, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.86 and a total debt to equity ratio of 0.95 for the quarter ending June 29. Its gross profit as reported stood at $1.44 billion compared to revenue of $10.71 billion.

Earnings Surprise

The analyst consensus anticipated DCP Midstream LP’s latest quarter earnings to come in at $1.13 per share, but it turned out to be $1.77, a 56.60% surprise. For the quarter, EBITDA amounted to $378.0 million. Shareholders own equity worth $208.38 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at DCP Midstream LP (DCP) price momentum. RSI 9-day as of the close on 22 September was 31.25%, suggesting the stock is Neutral, with historical volatility in this time frame at 21.36%.

As of today, DCP’s price is $37.81 -4.19% or -$1.59 from its 5-day moving average. DCP is currently trading -6.14% lower than its 20-day SMA and +7.44% higher than its 100-day SMA. However, the stock’s current price level is +26.17% above the SMA50 and +42.08% above the SMA200.

The stochastic %K and %D were 15.54% and 33.86%, respectively, and the average true range (ATR) was 0.86. With the 14-day stochastic at 0.72% and the average true range at 0.92, the RSI (14) stands at 41.86%. The stock has reached -0.60 on the 9-day MACD Oscillator while the 14-day reading was at -0.88.

Analyst Ratings

RBC Capital Mkts downgraded DCP Midstream LP (NYSE: DCP) to a a Sector perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for DCP Midstream LP (DCP) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell DCP, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 5 others rate it as a “buy”.

What is DCP’s price target for the next 12 months?

Analysts predict a range of price targets between $38.00 and $47.00, with a median target of $45.00. Taking a look at these predictions, the average price target given by analysts for DCP Midstream LP (DCP) stock is $44.29.

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