Mizuho Securities announced Dominion Midstream Partners LP (NYSE:DM), bumping up its stock price target to $30.00 today
- Updated: September 29, 2016
In a statement issued on Friday September 30, 2016 Mizuho Securities raised the target price of Dominion Midstream Partners LP (NYSE:DM) to $30.00 stating a potential upside of 0.28%.
Having a price of $23.50, Dominion Midstream Partners LP (NYSE:DM) traded -2.00% lower on the day. With the last close down -17.14% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. DM has recorded a 50-day average of $25.06 and a two hundred day average of $28.36. Trade Volume was up over the average, with 155,890 shares of DM changing hands over the typical 132,748
Recent Performance Chart
Dominion Midstream Partners LP has PE ratio of 20.31 with a one year low of $23.12 and a one year high of $35.88 and has a market capitalization of $0.
A total of 11 analysts have released a report on Dominion Midstream Partners LP. zero analysts rating the company a strong buy, zero analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $36.82.
General Company Details For Dominion Midstream Partners LP (NYSE:DM)
Dominion Midstream Partners, LP owns the preferred equity interests and the general partner interest of Dominion Cove Point LNG, LP (Cove Point). Cove Point owns liquefied natural gas (LNG) import, storage, regasification and transportation assets. The Company's segment is Dominion Energy, which consists of gas transportation, LNG import and storage. Cove Point's operations consist of LNG import and storage services at the Cove Point LNG Facility, and the transportation of domestic natural gas and regasified LNG to Mid-Atlantic markets via the Cove Point Pipeline. The Cove Point LNG Facility includes an offshore pier, LNG storage tanks, regasification facilities and associated equipment required to receive imported LNG from tankers, store LNG in storage tanks, regasify LNG and deliver regasified LNG to the Cove Point Pipeline. The Cove Point LNG Facility has an operational peak regasification capacity of approximately 1.8 million dekatherms per day.
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