Phillips 66 Partners (PSXP) Receives Media Sentiment Rating of 0.06

Press coverage about Phillips 66 Partners (NYSE:PSXP) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Phillips 66 Partners earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned press coverage about the oil and gas company an impact score of 46.7696875261799 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

A number of research firms recently issued reports on PSXP. Morgan Stanley decreased their price objective on shares of Phillips 66 Partners from $56.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, November 17th. BidaskClub downgraded shares of Phillips 66 Partners from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Jefferies Group restated a “hold” rating and set a $51.00 price objective on shares of Phillips 66 Partners in a report on Monday, October 16th. Scotiabank restated a “buy” rating and set a $61.00 price objective on shares of Phillips 66 Partners in a report on Wednesday, October 25th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $63.00 price objective on shares of Phillips 66 Partners in a report on Tuesday, November 7th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $58.89.

Phillips 66 Partners (NYSE PSXP) traded down $1.40 on Wednesday, hitting $46.01. 176,115 shares of the stock traded hands, compared to its average volume of 289,120. The stock has a market capitalization of $5,822.08, a P/E ratio of 20.21, a price-to-earnings-growth ratio of 1.53 and a beta of 1.46. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.64 and a quick ratio of 0.56. Phillips 66 Partners has a 52-week low of $44.18 and a 52-week high of $58.00.

Phillips 66 Partners (NYSE:PSXP) last posted its earnings results on Friday, October 27th. The oil and gas company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.08). The business had revenue of $245.00 million during the quarter, compared to analysts’ expectations of $236.18 million. Phillips 66 Partners had a return on equity of 23.56% and a net margin of 42.19%. Phillips 66 Partners’s revenue for the quarter was up 69.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 EPS. research analysts expect that Phillips 66 Partners will post 2.62 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st were given a $0.646 dividend. This is a positive change from Phillips 66 Partners’s previous quarterly dividend of $0.62. This represents a $2.58 dividend on an annualized basis and a dividend yield of 5.62%. The ex-dividend date was Monday, October 30th. Phillips 66 Partners’s dividend payout ratio (DPR) is 108.86%.

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