Why DCP Midstream Partners, LP (NYSE:DPM) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $34.07 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 $1.83 for the next fiscal and $N/A for underway quarter. Valuation Estimates 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 35.11. 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 -3.78. Technical Analysis The technical analysis highlights that DCP Midstream Partners, LP DCP current price is trading $-1.49 points away -4.36% from $34.25, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $25.67 and, for now, the stock price is trading $7.09 or +27.61% away from that point. 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 $-5.39, it will record a new 52-week high. In the case of $+117.10% points drop, it will touch a new 52-week low.

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