Somewhat Positive Press Coverage Extremely Likely to Impact Phillips 66 Partners (PSXP) Share Price
News articles about Phillips 66 Partners (NYSE:PSXP) have been trending somewhat positive on Friday, according to AlphaOne Sentiment. The research firm, a unit of Accern, rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Phillips 66 Partners earned a media sentiment score of 0.05 on AlphaOne’s scale. AlphaOne also assigned media headlines about the oil and gas company an impact score of 92 out of 100, indicating that recent news coverage is extremely likely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted AlphaOne Sentiment Analysis’s analysis:
- A Look at Phillips 66 Stock before Its 1Q17 Earnings Release (finance.yahoo.com)
- Phillips 66’s 1Q17 Earnings: Will It Be a Boring Show? (finance.yahoo.com)
- Phillips 66 Partners LP (PSXP) Plans Quarterly Dividend of $0.59 (americanbankingnews.com)
- Phillips 66 Partners LP (NYSE:PSXP) Files An 8-K Results of Operations and Financial Condition (4-traders.com)
- Phillips 66 Partners LP : Announces 5 Percent Increase in Quarterly Cash Distribution (4-traders.com)
Several analysts recently issued reports on the company. Royal Bank of Canada reiterated a “buy” rating on shares of Phillips 66 Partners in a report on Tuesday, March 14th. Barclays PLC increased their price target on Phillips 66 Partners from $58.00 to $62.00 and gave the company an “equal weight” rating in a report on Tuesday, February 7th. Scotiabank reiterated a “buy” rating and issued a $61.00 price target on shares of Phillips 66 Partners in a report on Monday, February 6th. Stifel Nicolaus increased their price target on Phillips 66 Partners from $52.00 to $63.00 and gave the company a “buy” rating in a report on Monday, February 6th. Finally, Cowen and Company upgraded Phillips 66 Partners from a “neutral” rating to a “buy” rating in a report on Wednesday, January 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $60.83.
Shares of Phillips 66 Partners (NYSE:PSXP) traded down 0.42% during mid-day trading on Friday, hitting $51.76. The stock had a trading volume of 130,265 shares. Phillips 66 Partners has a 52 week low of $42.47 and a 52 week high of $62.66. The stock has a market cap of $5.55 billion, a P/E ratio of 23.59 and a beta of 1.56. The stock has a 50-day moving average price of $52.05 and a 200 day moving average price of $49.91.
Phillips 66 Partners (NYSE:PSXP) last issued its earnings results on Friday, February 3rd. The oil and gas company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.76 by $0.11. Phillips 66 Partners had a net margin of 47.59% and a return on equity of 20.92%. The business had revenue of $228 million for the quarter, compared to analyst estimates of $197.26 million. During the same quarter last year, the firm posted $0.61 earnings per share. Phillips 66 Partners’s revenue was up 121.8% on a year-over-year basis. On average, equities analysts forecast that Phillips 66 Partners will post $3.12 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 12th. Stockholders of record on Monday, May 1st will be given a dividend of $0.586 per share. This is a positive change from Phillips 66 Partners’s previous quarterly dividend of $0.56. This represents a $2.34 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend is Thursday, April 27th. Phillips 66 Partners’s payout ratio is 102.76%.
Phillips 66 Partners Company Profile
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