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.

Investment analysts gave a few price targets for PSXP. The maximum price target given was 68, implying potential capital gains of 36.27 percent. The lowest price target 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.

Analysts have revised their earnings estimates downwards for this quarter, by about -2.8 percent on average, compared to last month. 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.

Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 2 analysts increased their quarterly estimates, while 3 analysts revised their estimates downwards. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, while 4 analysts decreased their estimates.

PSXP has an estimated earnings growth rate of 22.82 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, 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, though it could be better to see where the ratio stands relative to peers in the industry. PSXP has a PEG ratio of 0.94.

In the trailing 52-weeks, PSXP hit 58.00 at the highest peak, while it's lowest trading point was 42.47. Today's price is 17.49 percent above the 52-week low, and below the high by 13.97 percent. PSXP has a price/earnings 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 will post this quarters earnings in days, on 0000-00-00.