Stock To Watch: Phillips 66 Partners LP (NYSE:PSXP)


The leading market experts have placed a mean price target of $66.89 on Phillips 66 Partners LP (NYSE:PSXP) 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 $0.68 a share for the upcoming quarter and $2.32 for the current fiscal.

Technical View

The technical analysis of Phillips 66 Partners LP Common plainly substantiates that the 50-day moving average of Phillips 66 Partners LP Common is $53.32, and stock is trading $-3.78 points away or -7.09% from its 50-day moving average of $53.32. Further it is trading $-6.94 or -12.28% away its 200-day moving average of $56.48. Phillips 66 Partners LP (NYSE:PSXP) 52-week high is $66.81 and the 52-week low is $40.00.

This explains if the stock moves $-17.27, it will post a 52-week high. In event of +23.85% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Phillips 66 Partners LP Common , 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 Partners LP (NYSE:PSXP) ratio came in at 24.01.

The stock last ended the trading session at $49.54 and registered a market cap of $4.82B. 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 Partners LP (NYSE:PSXP) PEG ratio is at 1.18.

1 Chart Pattern Every Investor Should Know

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