News coverage about Phillips 66 Partners (NYSE:PSXP) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Phillips 66 Partners earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned news stories about the oil and gas company an impact score of 47.8078887760362 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Is Phillips 66’s Debt Position Improving? (finance.yahoo.com)
- Phillips 66 Partners LP (PSXP) Given Consensus Recommendation of “Buy” by Analysts (americanbankingnews.com)
- How Wall Street Analysts View Phillips 66 Stock (finance.yahoo.com)
- Institutional Ownership in PSX: Who Is Buying It? (finance.yahoo.com)
- Do Analysts Expect Phillips 66’s Dividend to Rise? (finance.yahoo.com)
Several equities research analysts have issued reports on the company. Morgan Stanley lowered their price target on Phillips 66 Partners from $56.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, November 17th. BidaskClub downgraded Phillips 66 Partners from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Jefferies Group reiterated a “hold” rating and set a $51.00 price objective on shares of Phillips 66 Partners in a report on Monday, October 16th. Scotiabank reiterated a “buy” rating and set a $61.00 price objective on shares of Phillips 66 Partners in a report on Wednesday, October 25th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $63.00 price objective on shares of Phillips 66 Partners in a report on Tuesday, November 7th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $59.00.
Phillips 66 Partners (PSXP) traded up $1.06 on Tuesday, hitting $53.41. The stock had a trading volume of 329,473 shares, compared to its average volume of 264,550. Phillips 66 Partners has a 52 week low of $44.40 and a 52 week high of $58.00. The firm has a market capitalization of $6,364.29, a PE ratio of 22.54, a price-to-earnings-growth ratio of 1.69 and a beta of 1.46. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.56 and a current ratio of 0.64.
Phillips 66 Partners (NYSE:PSXP) last released its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.08). The business had revenue of $245.00 million during the quarter, compared to analyst estimates of $236.18 million. Phillips 66 Partners had a net margin of 42.19% and a return on equity of 23.56%. The business’s quarterly revenue was up 69.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.57 earnings per share. analysts forecast that Phillips 66 Partners will post 2.58 earnings per share for the current year.
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Phillips 66 Partners Company Profile
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