Phillips 66 (NYSE:PSX) Earning Somewhat Favorable News Coverage, Study Shows

News coverage about Phillips 66 (NYSE:PSX) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Phillips 66 earned a news impact score of 0.16 on Accern’s scale. Accern also assigned media stories about the oil and gas company an impact score of 46.4150322669507 out of 100, meaning that recent news 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 impacted Accern Sentiment’s analysis:

Several research analysts recently commented on PSX shares. ValuEngine lowered Phillips 66 from a “buy” rating to a “hold” rating in a research report on Monday. Citigroup lifted their price target on Phillips 66 from $92.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 13th. Goldman Sachs raised shares of Phillips 66 to a “buy” rating in a research note on Monday, December 18th. Credit Suisse Group reissued a “neutral” rating and issued a $110.00 price objective on shares of Phillips 66 in a research note on Wednesday, March 7th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $102.00 price objective on shares of Phillips 66 in a research note on Wednesday, December 20th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $103.37.

Shares of NYSE:PSX opened at $97.77 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.42 and a debt-to-equity ratio of 0.37. Phillips 66 has a 52 week low of $75.14 and a 52 week high of $107.47. The company has a market capitalization of $44,779.34, a P/E ratio of 21.92, a price-to-earnings-growth ratio of 1.67 and a beta of 1.07.

Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.21. Phillips 66 had a net margin of 4.88% and a return on equity of 9.18%. The business had revenue of $30.12 billion for the quarter, compared to analyst estimates of $30.71 billion. During the same period in the previous year, the company earned $0.16 earnings per share. sell-side analysts predict that Phillips 66 will post 6.76 EPS for the current fiscal year.

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Phillips 66 Company Profile

Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks, delivers refined products to market, and provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, and markets natural gas liquids, exports LPG, and provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.

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

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