Analyst Ratings for Phillips 66 Partners LP (PSXP)

Updated: 2017-07-28

An average rating of Overweight has been given to Phillips 66 Partners LP (NYSE:PSXP) by analysts covering the stock. Last month, PSXP received an average rating of Overweight.

10 analysts declared PSXP a buy, 1 gave an overweight rating, 5 gave a hold rating, 0 issued an underweight rating, and 1 gave a sell rating. Compared to three months ago, there has been an increase of 0 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

A number of analysts gave price targets for PSXP. The maximum price target given was 68, implying potential capital gains of 36.27 percent. The minimum price target given was 53, which equates to a potential downside of 6.21 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -2.8 percent. The average change in earnings estimates over the last 90 days is -11.97 percent. Meanwhile, fiscal year estimates have been revised downwards by -1.02 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -5.05 percent in FY estimates.

People are often interested in whether analysts were united in the direction of their revisions. 2 analysts made positive revisions to their quarterly estimates over the past month, while 3 analysts made negative revisions. Also over the last month, 2 analysts increased their estimates for the FY earnings, while 4 analysts decreased their estimates.

PSXP has an estimated earnings growth rate of 22.82 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of PSXP is 0.94.

PSXP has traded between a high of 58.00 and a low of 42.47 over the past year. The current market price is above the trailing year's low by 17.49 percent, and 13.97 percent below the high. PSXP has a P/E ratio of 21.37. Investors typically compare the P/E ratio to a company's peers in the industry. The PSXP value stock report compares PSXP to some of its peers using value stock charts. The market cap of PSXP is $5.27 billion. PSXP's next earnings release will be on 0000-00-00, which is days away.