Phillips 66 Partners (PSXP) Getting Somewhat Favorable News Coverage, Study Shows

News coverage about Phillips 66 Partners (NYSE:PSXP) has trended somewhat positive recently, according to Accern. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. 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 Partners earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 46.6275461046473 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the news articles that may have effected Accern’s rankings:

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Several research analysts have recently commented on PSXP shares. Citigroup dropped their price target on shares of Phillips 66 Partners from $60.00 to $56.50 and set a “buy” rating on the stock in a research note on Tuesday, March 27th. JPMorgan Chase reiterated an “overweight” rating and issued a $61.00 target price (up from $60.00) on shares of Phillips 66 Partners in a research note on Tuesday, March 13th. Zacks Investment Research upgraded shares of Phillips 66 Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, February 21st. Barclays lowered their target price on shares of Phillips 66 Partners from $59.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Monday, February 5th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $62.00 price target (up from $59.00) on shares of Phillips 66 Partners in a report on Sunday, February 4th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $57.77.

PSXP traded down $0.48 during midday trading on Monday, hitting $47.30. The company had a trading volume of 30,531 shares, compared to its average volume of 324,257. The company has a current ratio of 1.71, a quick ratio of 1.64 and a debt-to-equity ratio of 2.06. The stock has a market capitalization of $5,808.71, a PE ratio of 18.45, a PEG ratio of 1.64 and a beta of 1.40. Phillips 66 Partners has a twelve month low of $44.40 and a twelve month high of $56.48.

Phillips 66 Partners (NYSE:PSXP) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.04). Phillips 66 Partners had a return on equity of 27.99% and a net margin of 44.16%. The business had revenue of $331.00 million for the quarter, compared to analyst estimates of $316.00 million. During the same quarter in the prior year, the firm earned $0.65 EPS. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. research analysts predict that Phillips 66 Partners will post 3.24 EPS for the current year.

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About Phillips 66 Partners

Phillips 66 Partners LP (Phillips 66) owns, operates, develops and acquires fee-based crude oil, refined petroleum product and natural gas liquids (NGL) pipelines, terminals and other transportation and midstream assets. The Company’s assets consist of systems, such as Clifton Ridge Crude System, Eagle Ford Gathering System, Ponca Crude System, Billings Crude System, Borger Crude System, Sweeny to Pasadena Products System, Hartford Connector Products System, Gold Line Products System, Cross-Channel Connector Products System, Ponca Products System, Billings Products System, Bayway Products System, Standish Pipeline, Borger Products System, River Parish NGL System, Medford Spheres, Bayway Rail Rack, Ferndale Rail Rack, Sand Hills/Southern Hills Joint Ventures, Explorer Pipeline Joint Venture, Bakken Joint Ventures, Bayou Bridge Pipeline Joint Venture, STACK Pipeline Joint Venture, and Sweeny Fractionator and Clemens Caverns.

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

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