Phillips 66 Partners (PSXP) Earning Somewhat Favorable Press Coverage, Study Shows
Media headlines about Phillips 66 Partners (NYSE:PSXP) have trended somewhat positive this week, Accern reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Phillips 66 Partners earned a news impact score of 0.04 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 46.5778111463105 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Phillips 66 Partners (NYSE PSXP) traded up $1.38 during trading on Friday, hitting $48.24. 345,283 shares of the stock traded hands, compared to its average volume of 280,056. The stock has a market capitalization of $5,696.86, a P/E ratio of 19.77, a P/E/G ratio of 1.49 and a beta of 1.47. 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 has a 1-year low of $44.18 and a 1-year high of $58.00.
Phillips 66 Partners (NYSE:PSXP) last released its earnings results on Friday, October 27th. The oil and gas company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.08). The firm had revenue of $245.00 million during the quarter, compared to analysts’ expectations of $236.18 million. Phillips 66 Partners had a return on equity of 9.19% and a net margin of 48.53%. The business’s revenue was up 69.8% on a year-over-year basis. During the same period last year, the business earned $0.57 earnings per share. research analysts predict that Phillips 66 Partners will post 2.62 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st were given a $0.646 dividend. This is an increase from Phillips 66 Partners’s previous quarterly dividend of $0.62. This represents a $2.58 annualized dividend and a dividend yield of 5.36%. The ex-dividend date was Monday, October 30th. Phillips 66 Partners’s dividend payout ratio (DPR) is 108.86%.
Several brokerages have recently issued reports on PSXP. Morgan Stanley lowered their price objective on shares of Phillips 66 Partners from $56.00 to $55.00 and set an “overweight” rating on the stock in a research note on Friday, November 17th. BidaskClub cut shares of Phillips 66 Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Jefferies Group reaffirmed a “hold” rating and issued a $51.00 price objective on shares of Phillips 66 Partners in a research note on Monday, October 16th. Scotiabank reaffirmed a “buy” rating and issued a $61.00 price objective on shares of Phillips 66 Partners in a research note on Wednesday, October 25th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $63.00 price objective on shares of Phillips 66 Partners in a research note on Tuesday, November 7th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Phillips 66 Partners has an average rating of “Buy” and an average target price of $58.89.
About Phillips 66 Partners
Receive News & Ratings for Phillips 66 Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phillips 66 Partners LP and related companies with Analyst Ratings Network's FREE daily email newsletter.