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


The leading market experts have placed a mean price target of $71.67 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 $0.56 a share for the upcoming quarter and $2.15 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 $53.86, and stock is hovering 1.06 or +1.97% distant from $53.86. It is noted that the 200-day MA is $57.27, and Phillips 66 Partners LP Common stock is $-2.35 or -4.10% off from this point. Phillips 66 Partners LP (NYSE:PSXP) 52-week high is $70.03 and the 52-week low is $40.00. This explains if the stock moves $-15.11, it will post a 52-week high. In event of $+37.30% points 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 28.06. The stock last ended the trading session at $54.92 and registered a market cap of $4.55B. 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 1.29.

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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