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 most optimistic price target was 68, implying potential capital gains of 36.27 percent. The most pessimistic price target was 53, implying a possible loss of 6.21 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -2.8 percent. That number becomes -11.97 percent if we expand the time horizon to include the past 3 months instead of just one. 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.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 2 analysts increased their quarterly estimates, while 3 analysts made negative revisions. Also over the last month, 2 analysts increased their estimates for the FY earnings, compared to 4 analysts that revised their FY estimates downwards.

The growth rate of PSXP's earnings is estimated by analysts to be 22.82 percent. People on Wall Street often look at a company's 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. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. 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. Today's price is 17.49 percent above the 52-week low, 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 will post this quarters earnings in days, on 0000-00-00.