Press coverage about Phillips 66 Partners (NYSE:PSXP) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Phillips 66 Partners earned a news sentiment score of 0.03 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 45.7778424542795 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- Phillips 66 Partners LP (PSXP) Shares Taking a Dip Down -2.56% For the Week (baycityobserver.com)
- Phillips 66 Partners LP (PSXP) Shares Placed Under Scrutiny After a -2.56% Weekly Loss (hollandreview.com)
- Share Review: Analyst Price Target Update for Phillips 66 Partners LP (NYSE:PSXP) (baycityobserver.com)
- You Need to See this stock? Phillips 66 Partners LP (PSXP) (nysedaily.com)
- Worth Watching Basic Materials Stock: Phillips 66 Partners LP (PSXP) (stockdigest.info)
Shares of PSXP stock opened at $52.21 on Friday. The stock has a market cap of $6.33 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 2.06 and a beta of 1.37. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.25 and a quick ratio of 1.19. Phillips 66 Partners has a 12-month low of $44.40 and a 12-month high of $56.48.
Phillips 66 Partners (NYSE:PSXP) last released its quarterly earnings data on Friday, July 27th. The oil and gas company reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.05. The firm had revenue of $354.00 million for the quarter, compared to the consensus estimate of $344.16 million. Phillips 66 Partners had a return on equity of 39.53% and a net margin of 48.17%. The company’s quarterly revenue was up 51.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 earnings per share. equities research analysts anticipate that Phillips 66 Partners will post 3.61 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 13th. Stockholders of record on Tuesday, July 31st were issued a $0.752 dividend. The ex-dividend date was Monday, July 30th. This represents a $3.01 annualized dividend and a dividend yield of 5.76%. This is an increase from Phillips 66 Partners’s previous quarterly dividend of $0.71. Phillips 66 Partners’s payout ratio is currently 116.22%.
Several equities research analysts have issued reports on the company. Scotiabank set a $60.00 price target on Phillips 66 Partners and gave the stock a “buy” rating in a research note on Monday, August 20th. Bank of America dropped their price target on Phillips 66 Partners from $65.00 to $59.00 and set a “buy” rating for the company in a research note on Wednesday, August 1st. Zacks Investment Research raised Phillips 66 Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, August 1st. ValuEngine raised Phillips 66 Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, July 25th. Finally, Morgan Stanley lifted their price target on Phillips 66 Partners from $54.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Friday, August 17th. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $57.04.
About Phillips 66 Partners
Phillips 66 Partners LP owns, operates, develops, and acquires crude oil, refined petroleum products, and natural gas liquids pipelines, terminals, and other transportation and midstream assets. The company operates pipeline assets in Lake Charles, Sweeny, Wood River, Borger/Ponca City, Billings, and Borger; terminal, rail rack, and storage assets in Louisiana, Texas, Illinois, Missouri, Kansas, Oklahoma, New Jersey, Washington, Wyoming, and Montana; marine assets in Lake Charles and Wood River; and natural gas liquids assets in Texas and Louisiana.
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