Shorts Action: Could Dcp Midstream Partners LP (NYSE:DPM) Change Direction After More Shorts?

December 1, 2016 - By Linda Rogers   ·   0 Comments

Shorts Action: Could Dcp Midstream Partners LP (NYSE:DPM) Change Direction After More Shorts?

The stock of Dcp Midstream Partners LP (NYSE:DPM) registered an increase of 5.69% in short interest. DPM’s total short interest was 2.92M shares in December as published by FINRA. Its up 5.69% from 2.77 million shares, reported previously. With 269,600 shares average volume, it will take short sellers 11 days to cover their DPM’s short positions. The short interest to Dcp Midstream Partners LP’s float is 3.57%. About 120,997 shares traded hands. DCP Midstream Partners, LP (NYSE:DPM) has risen 6.46% since April 28, 2016 and is uptrending. It has outperformed by 0.53% the S&P500.

DCP Midstream Partners, LP is a limited partnership. The company has a market cap of $4.26 billion. The Firm operates through three divisions: Natural Gas Services, NGL Logistics and Wholesale Propane Logistics. It has a 19.7 P/E ratio. The Company’s Natural Gas Services segment consists of a geographically diverse complement of assets and ownership interests that provide a range of wellhead to market services for its producer customer, which include gathering, compressing, treating, processing, transporting and storing natural gas, and fractionating NGLs.

Insitutional Activity: The institutional sentiment increased to 1.34 in 2016 Q2. Its up 0.36, from 0.98 in 2016Q1. The ratio improved, as 9 funds sold all DCP Midstream Partners, LP shares owned while 45 reduced positions. 19 funds bought stakes while 34 increased positions. They now own 75.59 million shares or 2.50% less from 77.53 million shares in 2016Q1.
State Street last reported 10,734 shares in the company. The California-based California Pub Employees Retirement Sys has invested 0.01% in DCP Midstream Partners, LP (NYSE:DPM). The New York-based Alliancebernstein Limited Partnership has invested 0% in DCP Midstream Partners, LP (NYSE:DPM). Parkside Financial Bank And Tru accumulated 43,839 shares or 0.74% of the stock. Burnham Asset Mgmt Corporation reported 24,945 shares or 0.24% of all its holdings. The Pennsylvania-based Glenmede Tru Na has invested 0% in DCP Midstream Partners, LP (NYSE:DPM). Advisory Services Lc owns 200 shares or 0% of their US portfolio. Morgan Stanley, a New York-based fund reported 1.18 million shares. First Eagle Mgmt Ltd holds 3.20 million shares or 0.28% of its portfolio. The Texas-based American Ins Tx has invested 0.07% in DCP Midstream Partners, LP (NYSE:DPM). Center Coast Lp has 3.05 million shares for 2.94% of their US portfolio. Duff & Phelps Inv Mngmt has invested 0.51% of its portfolio in DCP Midstream Partners, LP (NYSE:DPM). Northern Trust Corporation reported 174,713 shares or 0% of all its holdings. The Florida-based Raymond James And Assoc has invested 0% in DCP Midstream Partners, LP (NYSE:DPM). Moreover, Stifel Financial has 0.07% invested in DCP Midstream Partners, LP (NYSE:DPM) for 409,841 shares.

DCP Midstream Partners, LP (NYSE:DPM) Ratings Coverage

Out of 13 analysts covering DCP Midstream Partners LP (NYSE:DPM), 3 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 23% are positive. DCP Midstream Partners LP has been the topic of 21 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of DCP Midstream Partners, LP (NYSE:DPM) has “Outperform” rating given on Monday, January 18 by Wells Fargo. The stock of DCP Midstream Partners, LP (NYSE:DPM) earned “Buy” rating by Wunderlich on Wednesday, August 31. UBS upgraded DCP Midstream Partners, LP (NYSE:DPM) rating on Thursday, September 17. UBS has “Neutral” rating and $28 price target. The rating was maintained by Barclays Capital with “Equal Weight” on Tuesday, November 10. The company was maintained on Friday, March 18 by Barclays Capital. US Capital Advisors downgraded the shares of DPM in a report on Wednesday, May 18 to “Hold” rating. The firm has “Hold” rating given on Wednesday, June 8 by Jefferies. Stifel Nicolaus downgraded the stock to “Hold” rating in Thursday, January 28 report. The stock has “Outperform” rating given by Wells Fargo on Friday, January 15. The company was initiated on Friday, September 9 by FBR Capital.

DPM Company Profile

DCP Midstream Partners, LP, incorporated on August 5, 2005, is a limited partnership. The Firm is engaged in the business of gathering, 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. The Firm operates through three divisions: Natural Gas Services, NGL Logistics and Wholesale Propane Logistics.

More notable recent DCP Midstream Partners, LP (NYSE:DPM) news were published by: Nasdaq.com which released: “DCP Midstream Partners Reaches Analyst Target Price” on November 22, 2016, also Fool.com with their article: “Expiring Hedges Hurt DCP Midstream Partners, LP’s Q2 Results” published on August 04, 2016, Fool.com published: “Growth Projects and Cost Savings Help DCP Midstream Partners, LP Overcome …” on November 03, 2016. More interesting news about DCP Midstream Partners, LP (NYSE:DPM) were released by: Globenewswire.com and their article: “DCP Midstream Partners Announces Quarterly Distribution” published on October 27, 2016 as well as Fool.com‘s news article titled: “New Projects Fuel DCP Midstream Partners, LP Q1 Results” with publication date: May 05, 2016.

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By Linda Rogers


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