Phillips 66 Partners Hits New 52-Week High at $68.78 (PSXP)
Phillips 66 Partners (NASDAQ:PSXP) reached a new 52-week high during trading on Friday , Stock Ratings News reports. The stock traded as high as $68.78 and last traded at $67.18, with a volume of 249,537 shares trading hands. The stock had previously closed at $67.00.
A number of analysts have recently weighed in on PSXP shares. Analysts at Zacks downgraded shares of Phillips 66 Partners from an “outperform” rating to a “neutral” rating in a research note on Wednesday, May 21st. They now have a $62.70 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “hold” rating on shares of Phillips 66 Partners in a research note on Thursday, May 1st. They now have a $53.50 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $46.89.
The stock’s 50-day moving average is $57.86 and its 200-day moving average is $45.25. The company has a market cap of $4.983 billion and a P/E ratio of 108.24.
Phillips 66 Partners (NASDAQ:PSXP) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.24 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.30 by $0.06. The company had revenue of $36.00 million for the quarter, compared to the consensus estimate of $36.70 million. On average, analysts predict that Phillips 66 Partners will post $1.76 earnings per share for the current fiscal year.
Phillips 66 Partners LP owns, operates, develops and acquires primarily fee-based crude oil, refined petroleum product and natural gas liquids (NASDAQ:PSXP) pipelines and terminals and other transportation and midstream assets.
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