Should you short it before the Earnings result? : DCP Midstream (NYSE:DCP)

Earnings results for DCP Midstream (NYSE:DCP)

DCP Midstream LP is expected* to report earnings on 05/05/2021 after market close. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.3. The reported EPS for the same quarter last year was $0.52.

DCP Midstream last posted its quarterly earnings results on February 9th, 2021. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by $0.13. The business earned $1.79 billion during the quarter, compared to analysts’ expectations of $2.46 billion. Its quarterly revenue was down 7.5% on a year-over-year basis. DCP Midstream has generated $1.04 earnings per share over the last year. DCP Midstream has confirmed that its next quarterly earnings report will be published on Wednesday, May 5th, 2021. DCP Midstream will be holding an earnings conference call on Wednesday, May 5th. Interested parties can register for or listen to the call using this link.

Analyst Opinion on DCP Midstream (NYSE:DCP)

11 Wall Street analysts have issued ratings and price targets for DCP Midstream in the last 12 months. Their average twelve-month price target is $18.64, predicting that the stock has a possible downside of 19.75%. The high price target for DCP is $27.00 and the low price target for DCP is $8.00. There are currently 5 hold ratings and 6 buy ratings for the stock, resulting in a consensus rating of “Buy.”

DCP Midstream has received a consensus rating of Buy. The company’s average rating score is 2.55, and is based on 6 buy ratings, 5 hold ratings, and no sell ratings. According to analysts’ consensus price target of $18.64, DCP Midstream has a forecasted downside of 19.7% from its current price of $23.23. DCP Midstream has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: DCP Midstream (NYSE:DCP)

DCP Midstream is a leading dividend payer. It pays a dividend yield of 6.93%, putting its dividend yield in the top 25% of dividend-paying stocks. DCP Midstream has only been increasing its dividend for 1 years. The dividend payout ratio of DCP Midstream is 150.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, DCP Midstream will have a dividend payout ratio of 82.11% in the coming year. This indicates that DCP Midstream may not be able to sustain their current dividend.

Insiders buying/selling: DCP Midstream (NYSE:DCP)

In the past three months, DCP Midstream insiders have not sold or bought any company stock. Only 0.04% of the stock of DCP Midstream is held by insiders. Only 26.88% of the stock of DCP Midstream is held by institutions.

Earnings and Valuation of DCP Midstream (NYSE:DCP

Earnings for DCP Midstream are expected to grow by 17.28% in the coming year, from $1.62 to $1.90 per share. The P/E ratio of DCP Midstream is -10.66, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of DCP Midstream is -10.66, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. DCP Midstream has a P/B Ratio of 0.82. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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