UBS Maintains a 'Neutral' on DCP Midstream Partners (DPM); Improving, Fee-based Story
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Price: $37.60 +1.08%
Rating Summary:
3 Buy, 12 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
3 Buy, 12 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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UBS maintains a 'Neutral' on DCP Midstream Partners (NYSE: DPM) price target raised from $40 to $45.
UBS analyst says, "We view DCP Midstream as a play on some of the strongest elements of the nat gas space today—nat gas gathering and processing in strong growth areas (Eagle Ford, Permian Basin, DJ Basin); a mostly fee-based NGL business that is rather protected from any downward turn in NGL prices but that is nonetheless growing nicely due to acquisitions and improved throughput on solid demand; and a wholesale propane operation less exposed to volatility than retail-oriented peers."
UBS raises FY11 EPS estimate from $1.25 to $1.34 and FY12 from $1.28 to $1.50.
For an analyst ratings summary and ratings history on DCP Midstream Partners click here. For more ratings news on DCP Midstream Partners click here.
Shares of DCP Midstream Partners closed at $43.60 yesterday.
UBS analyst says, "We view DCP Midstream as a play on some of the strongest elements of the nat gas space today—nat gas gathering and processing in strong growth areas (Eagle Ford, Permian Basin, DJ Basin); a mostly fee-based NGL business that is rather protected from any downward turn in NGL prices but that is nonetheless growing nicely due to acquisitions and improved throughput on solid demand; and a wholesale propane operation less exposed to volatility than retail-oriented peers."
UBS raises FY11 EPS estimate from $1.25 to $1.34 and FY12 from $1.28 to $1.50.
For an analyst ratings summary and ratings history on DCP Midstream Partners click here. For more ratings news on DCP Midstream Partners click here.
Shares of DCP Midstream Partners closed at $43.60 yesterday.
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