Stock To Watch: Phillips 66 (NYSE:PSX)


The leading market experts have placed a mean price target of $84.13 on Phillips 66 (NYSE:PSX) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.77 a share for the upcoming quarter and $3.36 for the current fiscal.

Technical View

The technical analysis of Phillips 66 Common Stock plainly substantiates that the 50-day moving average of Phillips 66 Common Stock is $77.60, and stock is trading $0.90 points away or +1.16% from its 50-day moving average of $77.60. Further it is trading $-2.37 or -2.93% away its 200-day moving average of $80.87. Phillips 66 (NYSE:PSX) 52-week high is $94.12 and the 52-week low is $71.74.

This explains if the stock moves $-15.62, it will post a 52-week high. In event of +9.42% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Phillips 66 Common Stock, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Phillips 66 (NYSE:PSX) ratio came in at 13.59.

The stock last ended the trading session at $78.50 and registered a market cap of $41.04B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Phillips 66 (NYSE:PSX) PEG ratio is at -117.70.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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