DCP Midstream downgraded by JP Morgan with a new price target
$DCP
Natural Gas Distribution
Public Utilities
JP Morgan downgraded DCP Midstream from Overweight to Neutral and set a new price target of $45.00
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/11/2022 | $39.00 | Overweight → Equal Weight | Wells Fargo |
| 11/2/2022 | $45.00 | Overweight → Neutral | JP Morgan |
| 8/18/2022 | $41.00 → $38.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 7/12/2022 | $47.00 → $40.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 4/4/2022 | In-line → Outperform | Evercore ISI | |
| 2/11/2022 | $39.00 → $40.00 | Strong Buy | Raymond James |
| 1/20/2022 | $38.00 → $35.00 | Overweight | Barclays |
| 12/17/2021 | $28.00 → $34.00 | Neutral → Buy | Mizuho |
Phillips 66 (NYSE:PSX) and DCP Midstream, LP (NYSE:DCP) completed the previously announced acquisition by Phillips 66 of all the publicly held common units representing limited partner interests in DCP Midstream for $41.75 per common unit in cash at a total value of approximately $3.8 billion, increasing its economic interest in DCP Midstream to 86.8%. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230614491693/en/ Effective with the opening of markets today, DCP Midstream's common units will no longer be listed on the New York Stock Exchange. About Phillips 66 and DCP Midstream Phillips 66 (NYSE:PSX) manufactures, transport
LEAWOOD, KS / ACCESSWIRE / June 13, 2023 / TortoiseEcofin today announced that DCP Midstream, LP (NYSE:DCP) will be removed from the Tortoise MLP Index® (TMLP), the Tortoise North American Pipeline IndexSM (TNAP) and Tortoise Decarbonization Infrastructure IndexSM (DCRBN) as a result of the approved acquisition by Phillips 66 (NYSE:PSX). Due to the acquisition, DCP will be removed from all three indices at market open on Thursday, June 15, 2023.DCP will be dropped from Tortoise MLP Index® (TMLP) with a special rebalancing. Special rebalancing is not required for Tortoise North American Pipeline IndexSM (TNAP) and Tortoise Decarbonization Infrastructure IndexSM (DCRBN) and the deleted constit
DENVER, May 03, 2023 (GLOBE NEWSWIRE) -- Today, DCP Midstream, LP (NYSE:DCP) reported its financial results for the three months ended March 31, 2023. HIGHLIGHTS For the three months ended March 31, 2023, DCP had net income attributable to partners of $211 million, net cash provided by operating activities of $135 million, adjusted EBITDA of $338 million, and distributable cash flow of $230 million.Generated $93 million of excess free cash flow for the three months ended March 31, 2023, after fully funding distributions and growth capital. FIRST QUARTER 2023 SUMMARY FINANCIAL RESULTS Three Months EndedMarch 31, 2023 2022 (Unaudited) (Millions, except per unit amounts) Net i
8-K - DCP Midstream, LP (0001338065) (Filer)
25-NSE - DCP Midstream, LP (0001338065) (Subject)
8-K - DCP Midstream, LP (0001338065) (Filer)
SC 13G/A - DCP Midstream, LP (0001338065) (Subject)
SC 13G/A - DCP Midstream, LP (0001338065) (Subject)
SC 13G/A - DCP Midstream, LP (0001338065) (Subject)
Wells Fargo downgraded DCP Midstream from Overweight to Equal Weight and set a new price target of $39.00
JP Morgan downgraded DCP Midstream from Overweight to Neutral and set a new price target of $45.00
RBC Capital Mkts downgraded DCP Midstream from Outperform to Sector Perform and set a new price target of $38.00 from $41.00 previously
4 - DCP Midstream, LP (0001338065) (Issuer)
4 - DCP Midstream, LP (0001338065) (Issuer)
4 - DCP Midstream, LP (0001338065) (Issuer)
Increases Phillips 66's economic interest in DCP Midstream, LP to 86.8% Targeted operational and commercial synergies of at least $300 million All-cash transaction expected to close in the second quarter of 2023 Phillips 66 (NYSE:PSX) and DCP Midstream, LP ("DCP Midstream") (NYSE:DCP) announced today that they have entered into a definitive agreement pursuant to which Phillips 66 will acquire all of the publicly held common units representing limited partner interests in DCP Midstream for cash consideration of $41.75 per common unit, increasing its economic interest in DCP Midstream to 86.8%. This press release features multimedia. View the full release here: https://www.businesswire
DENVER, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Today, DCP Midstream, LP (NYSE:DCP) reported its financial results for the three and six months ended June 30, 2022. HIGHLIGHTS For the respective three and six months ended June 30, 2022, DCP had net income attributable to partners of $383 million and $463 million, net cash provided by operating activities of $385 million and $574 million, adjusted EBITDA of $477 million and $913 million, and distributable cash flow of $369 million and $706 million.Generated $254 million and $501 million of excess free cash flow for the three and six months ended June 30, 2022, respectively, after fully funding distributions and growth capital.Record financial p
DENVER, July 20, 2022 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE:DCP) has changed the time of the conference call to discuss its second quarter 2022 earnings due to a scheduling conflict. The conference call will now be held at 12:00 p.m. ET on Wednesday, August 3, 2022. As previously announced, the corresponding earnings release will be issued after the New York Stock Exchange closes for trading on Tuesday, August 2, 2022. The live audio webcast, along with accompanying presentation slides, will be available on the Investors section of the DCP website at www.dcpmidstream.com. If participants would prefer to join by phone or would like to take part in the question and answer portion of t