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Is DCP Midstream Stock a Buy?

TheMotleyFool

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Master limited partnership DCP Midstream (NYSE: DCP) currently yields an eye-popping 10.8% even though it slashed distribution by 50% earlier this year. Given its current sky-high yield despite the recent cut, it's clear that the market doesn't believe the company can maintain its reset rate.

However, the market doesn't always get things right. With that in mind, here's a look at whether it has completely passed over this income stock as a potentially buy-worthy investment.

Image source: Getty Images.

Source Fool.com

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