Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Phillips 66 Partners (PSXP) Stock Price

Press coverage about Phillips 66 Partners (NYSE:PSXP) has been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Phillips 66 Partners earned a coverage optimism score of 0.23 on Accern’s scale. Accern also gave media coverage about the oil and gas company an impact score of 47.9012020260513 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:

Phillips 66 Partners (NYSE PSXP) traded down $0.64 during mid-day trading on Friday, hitting $53.20. The stock had a trading volume of 366,260 shares, compared to its average volume of 313,674. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.64 and a quick ratio of 0.56. The company has a market cap of $6,467.63, a P/E ratio of 22.45, a price-to-earnings-growth ratio of 1.37 and a beta of 1.46. Phillips 66 Partners has a 12 month low of $44.40 and a 12 month high of $58.00.

Phillips 66 Partners (NYSE:PSXP) last posted its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.08). The firm had revenue of $245.00 million for the quarter, compared to the consensus estimate of $236.18 million. Phillips 66 Partners had a return on equity of 23.56% and a net margin of 42.19%. The firm’s revenue was up 69.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS. analysts predict that Phillips 66 Partners will post 2.58 EPS for the current fiscal year.

A number of brokerages have issued reports on PSXP. Credit Suisse Group began coverage on Phillips 66 Partners in a research note on Thursday. They issued a “neutral” rating and a $52.00 price objective for the company. Goldman Sachs Group upgraded Phillips 66 Partners from a “neutral” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Monday, December 18th. Morgan Stanley reduced their price objective on Phillips 66 Partners from $56.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, November 17th. Royal Bank of Canada restated a “buy” rating and issued a $63.00 price objective on shares of Phillips 66 Partners in a research note on Tuesday, November 7th. Finally, BidaskClub upgraded Phillips 66 Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Phillips 66 Partners currently has an average rating of “Buy” and an average target price of $58.30.

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