Dominion Energy Midstream Partners (DM) Given a $17.00 Price Target at Barclays

Barclays set a $17.00 price objective on Dominion Energy Midstream Partners (NYSE:DM) in a report released on Friday. The firm currently has a hold rating on the pipeline company’s stock.

Other analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Dominion Energy Midstream Partners from a strong sell rating to a buy rating and set a $15.00 price objective for the company in a research note on Wednesday, July 4th. Stifel Nicolaus upped their target price on shares of Dominion Energy Midstream Partners from $13.00 to $15.00 and gave the company a hold rating in a research note on Monday, July 9th. Morgan Stanley upped their target price on shares of Dominion Energy Midstream Partners from $17.00 to $18.00 and gave the company a hold rating in a research note on Friday, September 21st. Finally, Citigroup cut shares of Dominion Energy Midstream Partners from a buy rating to a neutral rating and set a $17.00 target price for the company. in a research note on Thursday, September 20th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $22.45.

Shares of Dominion Energy Midstream Partners stock traded down $0.10 on Friday, reaching $18.15. The stock had a trading volume of 850,113 shares, compared to its average volume of 744,204. The company has a current ratio of 1.42, a quick ratio of 1.24 and a debt-to-equity ratio of 0.13. Dominion Energy Midstream Partners has a fifty-two week low of $12.55 and a fifty-two week high of $33.35. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 13.44 and a beta of 1.96.

Dominion Energy Midstream Partners (NYSE:DM) last issued its quarterly earnings data on Wednesday, August 1st. The pipeline company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.07. Dominion Energy Midstream Partners had a net margin of 28.46% and a return on equity of 2.76%. The business had revenue of $247.60 million during the quarter, compared to analysts’ expectations of $291.16 million. During the same period in the previous year, the company earned $0.31 earnings per share. Dominion Energy Midstream Partners’s revenue for the quarter was up 114.0% on a year-over-year basis. As a group, research analysts predict that Dominion Energy Midstream Partners will post 1.55 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC acquired a new position in Dominion Energy Midstream Partners during the 2nd quarter valued at $150,000. Tower Research Capital LLC TRC bought a new stake in Dominion Energy Midstream Partners in the 2nd quarter valued at $194,000. Lake Street Advisors Group LLC bought a new stake in Dominion Energy Midstream Partners in the 2nd quarter valued at $228,000. GSA Capital Partners LLP bought a new stake in Dominion Energy Midstream Partners in the 2nd quarter valued at $381,000. Finally, Franklin Square Holdings L.P. bought a new stake in Dominion Energy Midstream Partners in the 2nd quarter valued at $408,000. Hedge funds and other institutional investors own 30.22% of the company’s stock.

Dominion Energy Midstream Partners Company Profile

Dominion Energy Midstream Partners, LP owns liquefied natural gas (LNG) terminalling, storage, regasification, and transportation assets. It owns and operates LNG terminalling and storage facility located on the Chesapeake Bay in Lusby, Maryland. The company also operates an interstate pipeline in South Carolina and southeastern Georgia comprising natural gas system consisting of approximately 1,500 miles of transmission pipeline and 5 compressor stations with approximately 34,500 installed compressor horsepower.

Read More: What is a Call Option?

Analyst Recommendations for Dominion Energy Midstream Partners (NYSE:DM)

Receive News & Ratings for Dominion Energy Midstream Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Energy Midstream Partners and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply