Phillips 66 Reaches New 1-Year High at $87.10 (PSX)
Phillips 66 (NYSE:PSX)’s share price reached a new 52-week high on Monday , AnalystRatings.Net reports. The stock traded as high as $87.10 and last traded at $87.00, with a volume of 947,460 shares trading hands. The stock had previously closed at $86.09.
PSX has been the subject of a number of recent research reports. Analysts at Howard Weil upgraded shares of Phillips 66 to a “sector outperform” rating in a research note on Friday, July 25th. Separately, analysts at Citigroup Inc. raised their price target on shares of Phillips 66 from $84.00 to $88.00 in a research note on Friday, July 11th. They now have a “neutral” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Phillips 66 in a research note on Wednesday, June 4th. They now have a $68.00 price target on the stock, up previously from $52.00. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $81.22.
The stock’s 50-day moving average is $82.07 and its 200-day moving average is $80.59. The company has a market cap of $48.590 billion and a price-to-earnings ratio of 13.50.
Phillips 66 (NYSE:PSX) last announced its earnings results on Wednesday, July 30th. The company reported $1.47 earnings per share for the quarter, missing the analysts’ consensus estimate of $2.08 by $0.61. During the same quarter last year, the company posted $1.50 earnings per share. Analysts expect that Phillips 66 will post $6.20 EPS for the current fiscal year.
Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.