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. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

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.

Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 2 analysts increased their quarterly estimates, which can be compared to the 3 analysts that decreased their estimates. Also over the last month, 2 analysts increased their estimates for the FY earnings, while 4 analysts made negative revisions to their fiscal year's estimates.

Analysts estimate earnings of PSXP to grow at a rate of 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. 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. 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.