Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $35.23 on DCP Midstream Partners, LP (NYSE:DPM) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.36 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of DCP Midstream Partners, LP (NYSE:DPM) stands at 26.22.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For DCP Midstream Partners, LP DCP , the PEG ratio for coming 3-5 years is -7.83.
The technical analysis highlights that DCP Midstream Partners, LP DCP current is trading $1.37 points away or +4.05% from its 50-day moving average of $33.85. Further it is trading $3.79 or +12.05% away its 200-day moving average of $31.43.
The 52-week high of DCP Midstream Partners, LP (NYSE:DPM) was $38.15 while lowest point recorded in 52-week was $15.09. It implies if stock price makes a movement of over $-2.93, it will record a new 52-week high. In the case of +133.40% drop, it will touch a new 52-week low.
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