DCP Midstream Partners LP (DCP), Stock Moves –0.26%: What you Should Know
DCP Midstream Partners LP (DCP), closed the last trading day at $38.53, a decrease of -0.26% over the previous trading session. This change was narrower than the S&P 500’s daily loss of 1.2%. The Dow lost 1.1% and the tech-heavy Nasdaq lost 2.86 percent.
Today’s closing bell saw shares of the company having lost 0.62% over the previous month. In that same time, the Oils-Energy sector lost 3.14%, while the S&P 500 lost 4.77%.
Investors will look forward to DCP Midstream Partners LP’s next earnings release. The company is expected report EPS at $1.06, an increase of 27.71% over the previous quarter. Our consensus estimate for the quarter is $2.03 Billion, which is 41.69% less than the year-ago period.
DCP’s full-year Zacks Consensus Expectations for DCP are calling for earnings at $4.47 per share, and revenue of $13.99 million. These results would indicate year-over-year increases of +181.13% & +30.67%, respective.
Notable are also recent revisions to analyst estimates for DCP Midstream Partners LP. Recent revisions reflect the most recent near-term trends in business. We can therefore interpret positive revisions of estimates as a positive sign for the company’s business outlook.
Research shows that these changes in estimate are directly related to near-term stock price movements. To capitalize on this phenomenon, we created the Zacks Rank. This model provides an easy-to-use rating system that takes into account these estimates.
The Zacks Rank system can be categorized as #1 (Strong buy) or #5 (Strong sell). It boasts an extraordinary, outside-audited track history of success with #1 stocks returning an average annual return in excess of +25% every year since 1988. The Zacks Consensus EPS estimate has remained flat over the past month. DCP Midstream Partners LP is currently a Zacks Rank #1 (Strong Buy).
Investors should also take note of DCP Midstream Partners’ current valuation metrics including its Forward PE ratio of 8.65. This is a significant discount when compared to the industry’s average Forward PE of 13.77.
Oil and Gas – Production and Pipelines are part of the Oils-Energy Sector. This industry has a Zacks Industry Rank 37, which places it among the top 15% of all 250+.
The Zacks Industry Rank measures the strength of industry groups by measuring their average Zacks Rank. Our research shows that the top 50 percent of industries are more profitable than the bottom half, by a factor between 2 and 1.
Zacks.com has more information about all these metrics and many other topics.
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DCP Midstream Partners, LP (DCP) : Free Stock Analysis Report