Phillips 66 (NYSE:PSX) – Equities research analysts at Piper Jaffray issued their Q1 2018 earnings per share estimates for shares of Phillips 66 in a note issued to investors on Monday, April 23rd. Piper Jaffray analyst G. Baber expects that the oil and gas company will earn $0.95 per share for the quarter. Piper Jaffray currently has a “Buy” rating and a $115.00 target price on the stock. Piper Jaffray also issued estimates for Phillips 66’s Q2 2018 earnings at $1.87 EPS, Q3 2018 earnings at $2.32 EPS, Q4 2018 earnings at $1.87 EPS, Q1 2019 earnings at $1.78 EPS, Q2 2019 earnings at $2.43 EPS, Q3 2019 earnings at $2.53 EPS and Q4 2019 earnings at $2.07 EPS.
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 for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.21. The company had revenue of $30.12 billion for the quarter, compared to analysts’ expectations of $30.71 billion. Phillips 66 had a return on equity of 9.18% and a net margin of 4.88%. During the same quarter in the previous year, the company posted $0.16 earnings per share.
A number of other equities research analysts have also recently weighed in on the company. ValuEngine raised Phillips 66 from a “hold” rating to a “buy” rating in a report on Thursday, April 12th. JPMorgan Chase lifted their price target on Phillips 66 from $108.00 to $109.00 and gave the company a “neutral” rating in a report on Monday, April 9th. Deutsche Bank cut their price target on Phillips 66 from $106.00 to $102.00 and set a “hold” rating on the stock in a report on Monday, March 19th. Citigroup lifted their price target on Phillips 66 from $92.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, March 13th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $110.00 price target on shares of Phillips 66 in a report on Wednesday, March 7th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $104.19.
PSX opened at $109.79 on Thursday. The company has a market cap of $50,955.80, a PE ratio of 25.07, a price-to-earnings-growth ratio of 1.86 and a beta of 1.07. The company has a current ratio of 1.42, a quick ratio of 1.09 and a debt-to-equity ratio of 0.37. Phillips 66 has a twelve month low of $75.85 and a twelve month high of $113.27.
A number of large investors have recently made changes to their positions in PSX. Rowland & Co. Investment Counsel ADV bought a new stake in Phillips 66 during the fourth quarter worth approximately $102,000. Pin Oak Investment Advisors Inc. bought a new stake in Phillips 66 during the fourth quarter worth approximately $119,000. First Dallas Securities Inc. bought a new stake in Phillips 66 during the fourth quarter worth approximately $143,000. Truewealth LLC bought a new stake in Phillips 66 during the fourth quarter worth approximately $151,000. Finally, University of Texas Investment Managment Co. bought a new stake in Phillips 66 during the fourth quarter worth approximately $156,000. 77.72% of the stock is currently owned by hedge funds and other institutional investors.
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About Phillips 66
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.
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