Somewhat Favorable News Coverage Somewhat Unlikely to Affect Phillips 66 Partners (PSXP) Share Price

Press coverage about Phillips 66 Partners (NYSE:PSXP) has been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Phillips 66 Partners earned a news impact score of 0.24 on Accern’s scale. Accern also gave media coverage about the oil and gas company an impact score of 47.8366207148569 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Shares of Phillips 66 Partners (PSXP) traded up $0.24 during midday trading on Thursday, hitting $54.46. 710,503 shares of the stock were exchanged, compared to its average volume of 322,556. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.56 and a current ratio of 0.64. The stock has a market cap of $6,620.00, a P/E ratio of 23.08, a PEG ratio of 1.37 and a beta of 1.47. Phillips 66 Partners has a 12-month low of $44.40 and a 12-month high of $58.00.

Phillips 66 Partners (NYSE:PSXP) last announced its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.08). The company had revenue of $245.00 million for the quarter, compared to analysts’ expectations of $236.18 million. Phillips 66 Partners had a net margin of 42.19% and a return on equity of 23.56%. The business’s revenue was up 69.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 EPS. equities research analysts forecast that Phillips 66 Partners will post 2.58 EPS for the current fiscal year.

A number of research firms have weighed in on PSXP. Morgan Stanley reduced 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 research note on Friday, November 17th. Bank of America began coverage on shares of Phillips 66 Partners in a research note on Tuesday. They set a “neutral” rating for the company. BidaskClub lowered shares of Phillips 66 Partners from a “hold” rating to a “sell” rating in a research note 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 research note on Monday, October 16th. Finally, Scotiabank restated a “buy” rating and set a $61.00 price objective on shares of Phillips 66 Partners in a research note on Wednesday, October 25th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $58.30.

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