Media coverage about Phillips 66 Partners (NYSE:PSXP) has trended somewhat positive on Thursday, Accern Sentiment reports. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Phillips 66 Partners earned a coverage optimism 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, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern’s scoring:
- 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)
A number of brokerages have recently issued reports on PSXP. Barclays lowered Phillips 66 Partners from an “overweight” rating to an “equal weight” rating and set a $59.00 target price on the stock. in a research report on Wednesday, January 17th. Zacks Investment Research downgraded Phillips 66 Partners from a “hold” rating to a “sell” rating in a research note on Thursday, January 25th. Morgan Stanley downgraded Phillips 66 Partners from an “overweight” rating to an “equal weight” rating in a research note on Thursday, January 11th. They noted that the move was a valuation call. Bank of America began coverage on Phillips 66 Partners in a research note on Tuesday, January 9th. They issued a “neutral” rating for the company. Finally, Credit Suisse Group began coverage on Phillips 66 Partners in a research note on Thursday, January 4th. They issued a “neutral” rating and a $52.00 price target for the company. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $58.20.
Phillips 66 Partners (NYSE:PSXP) last posted its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $0.83 EPS for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.04). The firm had revenue of $331.00 million during the quarter, compared to analyst estimates of $316.00 million. Phillips 66 Partners had a return on equity of 26.73% and a net margin of 44.16%. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter last year, the business posted $0.65 earnings per share. analysts expect that Phillips 66 Partners will post 3.15 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Wednesday, January 31st were paid a $0.678 dividend. This is an increase from Phillips 66 Partners’s previous quarterly dividend of $0.65. This represents a $2.71 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date was Tuesday, January 30th. Phillips 66 Partners’s payout ratio is presently 106.27%.
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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.
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