Phillips 66 Partners Hits New 52-Week High at $72.22 (PSXP)
Shares of Phillips 66 Partners (NASDAQ:PSXP) hit a new 52-week high during mid-day trading on Thursday , Analyst Ratings Net reports. The stock traded as high as $72.22 and last traded at $70.99, with a volume of 249,563 shares changing hands. The stock had previously closed at $66.59.
Several analysts have recently commented on the stock. 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Phillips 66 Partners presently has a consensus rating of “Hold” and a consensus price target of $46.89.
The stock has a 50-day moving average of $60.11 and a 200-day moving average of $47.42. The company has a market cap of $5.395 billion and a P/E ratio of 107.58.
Phillips 66 Partners (NASDAQ:PSXP) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.24 earnings per share for the quarter, missing the analysts’ 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. Analysts expect that Phillips 66 Partners will post $1.76 EPS 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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