Phillips 66 Partners LP (PSXP) Set to Announce Quarterly Earnings on Tuesday
Phillips 66 Partners LP (NYSE:PSXP) will be issuing its quarterly earnings data before the market opens on Tuesday, August 1st. Analysts expect the company to announce earnings of $0.71 per share for the quarter.
Phillips 66 Partners (NYSE:PSXP) last announced its quarterly earnings data on Friday, April 28th. The oil and gas company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.65 by $0.05. Phillips 66 Partners had a net margin of 46.38% and a return on equity of 22.31%. The company had revenue of $234 million for the quarter, compared to analyst estimates of $217.56 million. During the same quarter in the prior year, the company posted $0.44 EPS. On average, analysts expect Phillips 66 Partners to post $2.97 EPS for the current fiscal year and $3.71 EPS for the next fiscal year.
Phillips 66 Partners LP (NYSE:PSXP) traded up 0.19% during midday trading on Thursday, hitting $50.48. 160,432 shares of the company were exchanged. Phillips 66 Partners LP has a 1-year low of $42.47 and a 1-year high of $58.00. The stock has a 50 day moving average of $48.89 and a 200 day moving average of $51.82. The firm has a market capitalization of $5.45 billion, a PE ratio of 21.60 and a beta of 1.51.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 11th. Stockholders of record on Monday, July 31st will be paid a dividend of $0.615 per share. This is a positive change from Phillips 66 Partners’s previous quarterly dividend of $0.59. The ex-dividend date is Thursday, July 27th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 4.82%. Phillips 66 Partners’s payout ratio is presently 100.43%.
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Several equities research analysts recently commented on PSXP shares. BidaskClub raised shares of Phillips 66 Partners from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Scotiabank set a $61.00 price objective on shares of Phillips 66 Partners and gave the stock a “buy” rating in a research note on Friday, July 21st. Citigroup Inc. dropped their price objective on shares of Phillips 66 Partners from $63.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, July 17th. Stifel Nicolaus set a $63.00 price objective on shares of Phillips 66 Partners and gave the stock a “buy” rating in a research note on Saturday, June 24th. Finally, Barclays PLC raised shares of Phillips 66 Partners from an “equal weight” rating to an “overweight” rating and set a $61.00 price objective on the stock in a research note on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $58.40.
Phillips 66 Partners Company Profile
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