Phillips 66 (PSX) to Release Quarterly Earnings on Wednesday
Phillips 66 (NYSE:PSX) is set to issue its quarterly earnings data on Wednesday, January 29th. Investors interested in participating in the company’s conference call can do so using this link.
Phillips 66 (NYSE:PSX) last announced its earnings results on Wednesday, October 30th. The company reported $0.87 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.23 by $0.36. During the same quarter in the prior year, the company posted $2.97 earnings per share. On average, analysts expect Phillips 66 to post $5.60 EPS for the current fiscal year and $7.15 EPS for the next fiscal year.
Phillips 66 (NYSE:PSX) opened at 74.90 on Tuesday. Phillips 66 has a one year low of $54.80 and a one year high of $79.00. The stock has a 50-day moving average of $74. and a 200-day moving average of $64.36. The company has a market cap of $44.905 billion and a price-to-earnings ratio of 12.94.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Phillips 66 from $35.00 to $41.00 in a research note to investors on Monday. They now have a “hold” rating on the stock. On a related note, analysts at Raymond James upgraded shares of Phillips 66 from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, January 23rd. They now have a $90.00 price target on the stock. Finally, analysts at Howard Weil upgraded shares of Phillips 66 from a “sector perform” rating to a “sector outperform” rating in a research note to investors on Wednesday, January 8th. They now have a $85.00 price target on the stock. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Phillips 66 currently has a consensus rating of “Buy” and an average price target of $67.21.
Phillips 66 is a holding company. The Company is engaged in producing natural gas liquids (NYSE:PSX) and petrochemicals.
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