The company reported ($0.77) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.91. Sg Americas Securities sold out all of its stake in DPM during the most recent quarter. Credit Suisse Group AG reissued a “hold” rating and issued a $27.00 price objective on shares of Summit Midstream Partners in a research report on Monday, June 27th. Center Coast Capital Advisors LP now owns 1,496,916 shares of the company’s stock valued at $25,418,000 after buying an additional 859,816 shares during the period. DCP Midstream Partners LP makes up approx 0.17% of Fox Run Management L.l.c.’s portfolio. The heightened volatility saw the trading volume jump to 2,66,571 shares. The company’s total market value is presently $0.0.
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The stock’s 50 day moving average is 17.47 and its 200 day moving average is 16.75. Analyst had a consensus of $0.41. The firm earned $89.64 million during the quarter, compared to analysts’ expectations of $101.88 million. The Companys assets consist of equity interests in EnLink Midstream Partners, LP (Partnership) and EnLink Midstream Holdings, LP (Midstream Holdings). Company shares were Reiterated by Wunderlich on Aug 31, 2016 to “Buy”, Firm has raised the Price Target to $ 36 from a previous price target of $35.DCP Midstream Partners LP was Downgraded by Ladenburg Thalmann to ” Neutral” on Jul 21, 2016. The Company is engaged in the business of compressing treating processing transporting storing and selling natural gas; producing fractionating transporting storing and selling natural gas liquids (NGLs) and recovering and selling condensate and transporting storing and selling propane in wholesale markets. SMLP provides natural gas, crude oil and produced water gathering services pursuant to primarily long-term and fee-based gathering and processing agreements with customers and counterparties in five unconventional resource basins: (i) the Appalachian Basin, which includes the Marcellus and Utica shale formations in West Virginia and OH; (ii) the Williston Basin, which includes the Bakken and Three Forks shale formations in North Dakota; (iii) the Fort Worth Basin, which includes the Barnett Shale formation in Texas; (iv) the Piceance Basin, which includes the Mesaverde formation as well as the Mancos and Niobrara shale formations in Colorado and Utah; and (v) the Denver-Julesburg Basin, which includes the Niobrara and Codell shale formations in Colorado and Wyoming.
