DCP Midstream Partners LP(NYSE:DPM) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 14, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $0.38.
In a different note, On Jan 18, 2017, Citigroup said it Downgrades its rating on DCP Midstream Partners LP. The shares have been rated ‘Neutral’ by the firm.
Several Insider Transactions has been reported to the SEC. On Jan 4, 2017, Midstream, Llc Dcp (10% owner) purchased 4.8776232E7 shares at $18.08 per share price.Also, On Jan 4, 2017, Lp Holdings, Llc Dcp (10% owner) sold 2.0223754E7 shares at $0.00 per share price.On Mar 2, 2015, Thomas C Morris (director) purchased 5,000 shares at $39.74 per share price, according to the Form-4 filing with the securities and exchange commission.
DCP Midstream Partners LP is a partnership formed by DCP Midstream LLC to own operate acquire and develop a diversified portfolio of complementary midstream energy assets. 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. It operates in three business segments: Natural Gas Services which consists of assets and ownership interests that provide market services for its producer customers; NGL Logistics which owns and operates assets for its NGL Logistics business in Colorado Kansas Louisiana Michigan Oklahoma and Texas and Wholesale Propane Logistics which owns or operates assets for its wholesale propane logistics business in Maine Massachusetts New York Pennsylvania Rhode Island Vermont and Virginia.