Phillips 66 (PSX) Announces Quarterly Results
Phillips 66 (NYSE:PSX) issued its quarterly earnings data on Wednesday. The company reported $1.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.07 by $0.30, AnalystRatings.Net reports.
Shares of Phillips 66 (NYSE:PSX) opened at 75.08 on Wednesday. Phillips 66 has a 52-week low of $54.80 and a 52-week high of $79.00. The stock has a 50-day moving average of $75.05 and a 200-day moving average of $64.4. The company has a market cap of $45.013 billion and a P/E ratio of 13.02.
A number of analysts have recently weighed in on PSX shares. Analysts at Credit Suisse downgraded shares of Phillips 66 from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday. On a related note, 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. Finally, 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. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $66.86.
Phillips 66 is a holding company. The Company is engaged in producing natural gas liquids (NYSE:PSX) and petrochemicals.
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