In a recent bid DCP Midstream LP [DCP] faced a contemporary bid of $12.73 yielding a 7.83% incline where 0.8 million shares have exchanged hands over the last week. DCP amount got a fall by -1.71% or -$0.22 versus $12.95 at the end of the prior session. This change led market cap to move at 2.71B, putting the price 478.56% below the 52-week high and -51.53% above the 52-week low. The company’s stock has a normal trading capacity of 0.8 million shares while the relative volume is 1.98.

On 5, October 2020, DCP Midstream to Host Conference Call on November 5 to Discuss Third Quarter 2020 Financial Results. According to news published on Yahoo Finance, DCP Midstream, LP (NYSE: DCP) will host a conference call to discuss its third quarter 2020 earnings at 11:00 a.m. ET on Thursday, November 5, 2020, which will be released after the New York Stock Exchange closes for trading on Wednesday, November 4, 2020.

Analyst Birdseye View:

The most recent analyst activity for DCP Midstream LP [NYSE:DCP] stock was on July 13, 2020, when it was Upgrade with a Neutral rating from UBS, which also raised its 12-month price target on the stock to $8.50. On June 23, 2020, Jefferies Downgrade a Hold rating and boosted its price target on this stock to $13.50. On April 27, 2020, UBS Downgrade a Sell rating and increased its price target to $6. On April 02, 2020, Credit Suisse Downgrade a Neutral rating and decreased its price target to $7. On March 24, 2020, Barclays Downgrade an Underweight rating. On March 16, 2020, UBS Downgrade a Neutral rating. On March 12, 2020, Stifel Downgrade a Hold rating and improved its amount target to $11.

In the past 52 weeks of trading, this stock has oscillated between a low of $2.20 and a peak of $26.26. Right now, the middling Wall Street analyst 12-month amount mark is $15.00. At the most recent market close, shares of DCP Midstream LP [NYSE:DCP] were valued at $12.73. According to the average price forecast, investors can expect a potential return of 2.07%.

FUNDAMENTAL ANALYSIS

DCP Midstream LP [NYSE:DCP] most recently reported quarterly sales of 1.28 billion, which represented growth of -29.10%. This company’s Gross Margin is currently 24.00%, its Operating Margin is -12.40%, its Pretax Margin is +0.26, and its Net Margin is -1.32. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -0.71, -1.47, 1.94 and -0.84 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 47.75 and the whole liability to whole assets at 42.73. It shows enduring liability to the whole principal at 42.79 and enduring liability to assets at 0.38 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 12.30 points at 1st support level, the second support level is making up to 11.65. But as of 1st resistance point, this stock is sitting at 13.51 and at 14.07 for 2nd resistance point.

DCP Midstream LP [DCP] reported its earnings at $0.15 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.26/share signifying the difference of -0.11 and -42.30% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were -$2.71 calling estimates for $0.37/share with the difference of -3.08 depicting the surprise of -832.40%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for DCP Midstream LP [NYSE:DCP] is 1.00. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.02. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.49 and it’s amount to book ratio is 0.87.

Insider Stories

The most recent insider trade was by Loving Richard A., Vice President and Controller, and it was the purchase of 4150.0 shares on Mar 12. O’Brien Sean, the Group Vice President and CFO, completed a purchase of 16500.0 shares on Mar 12. On Mar 10, Baldridge Don, President, completed a purchase of 10000.0 shares.