Phillips 66 Partners LP (NYSE:PSXP) PEG Ratio At 1.07


Market experts has given a mean price target of $62.00 to Phillips 66 Partners LP (NYSE:PSXP) stock. The target price is the mean of all calls released by analysts in First Call poll. They have EPS estimate of $0.65 for the near-term quarter and $2.28 for this year.

Technical View

The technical assessment of Phillips 66 Partners LP Common pinpoints that the 50-day moving average of Phillips 66 Partners LP (NYSE:PSXP) stock is $50.39, and is trading $-3.59 points away or -7.12% from 50-day moving average of $50.39. It is trading $-8.70 or -15.67% off 200-day MA of $55.50.

The 52-week high of Phillips 66 Partners LP (NYSE:PSXP) was $66.81 while $42.83 is the low point in the same period. Phillips 66 Partners LP Common share price has to rise more than $-20.01 to register a high for 52-weeks or drop +9.27% to make 52-week low. MA should be referred to as moving average.

Without understanding when a stock is over-valued, or too richly priced, a shareholder may miss out on a chance to cash-in on a profit and investment. Worse, a shareholder might close up their position when a price has no direction.

P/E ratio

Phillips 66 Partners LP (NYSE:PSXP) P/E ratio is 22.69 while PEG ratio is at 1.07. By overlooking a firm’s price-to-earnings ratio, a shareholder could miss out to discover the true value of stocks and end up investing in the wrong stocks. A P/E ratio is a computation of how much investors are wanting to pay for a purchasing an equity relative to the firm’s earnings. It is valuable when comparing the equity price of one firm to another trading in the same industry. The P/E ratio is discovered by dividing market value of stock by average earnings per share in a specified period of time, for instance, the past year.

Phillips 66 Partners LP Common stock recorded a close of $46.80 in last trading session, which brings it market cap to $4.55B.

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