Phillips 66 (PSX) Receiving Somewhat Favorable News Coverage, Analysis Finds

Media coverage about Phillips 66 (NYSE:PSX) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Phillips 66 earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave press coverage about the oil and gas company an impact score of 46.0656270132202 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news stories that may have effected Accern’s scoring:

How to Become a New Pot Stock Millionaire

Phillips 66 (NYSE:PSX) opened at $94.33 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.42 and a quick ratio of 1.09. The stock has a market cap of $44,648.71, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 1.67 and a beta of 1.18. Phillips 66 has a 12 month low of $75.14 and a 12 month high of $107.47.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.21. The company had revenue of $30.12 billion for the quarter, compared to analysts’ expectations of $30.71 billion. Phillips 66 had a net margin of 4.88% and a return on equity of 9.18%. During the same period in the previous year, the company posted $0.16 EPS. equities research analysts anticipate that Phillips 66 will post 6.73 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Tuesday, February 20th were given a dividend of $0.70 per share. The ex-dividend date was Friday, February 16th. This represents a $2.80 annualized dividend and a dividend yield of 2.97%. Phillips 66’s payout ratio is currently 28.20%.

A number of equities analysts have recently commented on the stock. Citigroup lifted their target price on shares of Phillips 66 from $92.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, March 13th. Deutsche Bank cut their target price on shares of Phillips 66 from $106.00 to $102.00 and set a “hold” rating on the stock in a report on Monday, March 19th. Scotiabank reaffirmed a “buy” rating and issued a $112.00 target price on shares of Phillips 66 in a report on Wednesday, January 10th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $106.00 target price on shares of Phillips 66 in a report on Tuesday, January 30th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $110.00 target price on shares of Phillips 66 in a report on Wednesday, March 7th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company’s stock. Phillips 66 has a consensus rating of “Hold” and a consensus price target of $103.37.

COPYRIGHT VIOLATION WARNING: “Phillips 66 (PSX) Receiving Somewhat Favorable News Coverage, Analysis Finds” was published by BBNS and is the sole property of of BBNS. If you are viewing this story on another domain, it was copied illegally and republished in violation of United States and international copyright laws. The legal version of this story can be viewed at https://baseballnewssource.com/2018/03/29/somewhat-favorable-press-coverage-somewhat-unlikely-to-impact-phillips-66-psx-share-price/1968806.html.

About Phillips 66

Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses. The Company operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment gathers, processes, transports and markets natural gas, and transports, stores, fractionates and markets natural gas liquids (NGLs) in the United States.

Insider Buying and Selling by Quarter for Phillips 66 (NYSE:PSX)

Receive News & Ratings for Phillips 66 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phillips 66 and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Red Sox Tie Record for Best Start After 17 Games
Red Sox Tie Record for Best Start After 17 Games
Bryce Harper Hits 406-Foot Home Run While Breaking His Bat
Bryce Harper Hits 406-Foot Home Run While Breaking His Bat
Rick Porcello’s Strong Start Gives Boost to Red Sox
Rick Porcello’s Strong Start Gives Boost to Red Sox
Two Bench Clearing Incidents Revive Red Sox-Yankees Rivalry
Two Bench Clearing Incidents Revive Red Sox-Yankees Rivalry
Xander Bogaerts Goes on Red Sox DL
Xander Bogaerts Goes on Red Sox DL
Ohtani Goes Deep in Third Straight Game for Angels
Ohtani Goes Deep in Third Straight Game for Angels


Leave a Reply

 
© 2006-2018 BBNS.