News headlines about Phillips 66 Partners (NYSE:PSXP) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Phillips 66 Partners earned a news impact score of 0.05 on Accern’s scale. Accern also gave news articles about the oil and gas company an impact score of 47.6538021546733 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have impacted Accern’s analysis:
- What is the Stochastic Momentum Reading Portraying For Phillips 66 Partners LP (PSXP) – Aurora Gazette (auroragazette.com)
- Zacks Investment Research Lowers Phillips 66 Partners (PSXP) to Sell (americanbankingnews.com)
- Critical Analysis: Phillips 66 Partners (PSXP) and Ship Finance International (SFL) (americanbankingnews.com)
- Phillips 66 Partners LP (PSXP) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
Several research analysts recently weighed in on PSXP shares. Scotiabank reaffirmed a “buy” rating and issued a $61.00 target price on shares of Phillips 66 Partners in a research report on Wednesday, October 25th. Goldman Sachs Group raised Phillips 66 Partners from a “neutral” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Monday, December 18th. Stifel Nicolaus cut their target price on Phillips 66 Partners from $60.00 to $59.00 and set a “buy” rating on the stock in a research report on Monday, October 30th. Mizuho set a $59.00 target price on Phillips 66 Partners and gave the stock a “buy” rating in a research report on Sunday, October 29th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $63.00 target price on shares of Phillips 66 Partners in a research report on Tuesday, November 7th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $58.20.
Phillips 66 Partners (NYSE:PSXP) last released its quarterly earnings data 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 net margin of 44.16% and a return on equity of 26.73%. The company had revenue of $331.00 million during the quarter, compared to analysts’ expectations of $316.00 million. During the same period last year, the business earned $0.65 earnings per share. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. research analysts predict that Phillips 66 Partners will post 3.15 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Wednesday, January 31st were given a $0.678 dividend. The ex-dividend date was Tuesday, January 30th. This is a positive change from Phillips 66 Partners’s previous quarterly dividend of $0.65. This represents a $2.71 annualized dividend and a yield of 5.48%. Phillips 66 Partners’s dividend payout ratio (DPR) is 106.27%.
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.
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