Providing a diverse range of perspectives from bullish to bearish, 14 analysts have published ratings on Phillips 66 PSX in the last three months.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 8 | 5 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 5 | 2 | 0 | 0 |
| 2M Ago | 0 | 1 | 1 | 0 | 0 |
| 3M Ago | 0 | 2 | 1 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Phillips 66, presenting an average target of $167.43, a high estimate of $191.00, and a low estimate of $139.00. This upward trend is apparent, with the current average reflecting a 9.58% increase from the previous average price target of $152.79.
Understanding Analyst Ratings: A Comprehensive Breakdown
The standing of Phillips 66 among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Theresa Chen | Barclays | Raises | Equal-Weight | $155.00 | $139.00 |
| Nitin Kumar | Mizuho | Lowers | Neutral | $162.00 | $167.00 |
| Paul Cheng | Scotiabank | Raises | Sector Outperform | $156.00 | $148.00 |
| Roger Read | Wells Fargo | Raises | Overweight | $191.00 | $179.00 |
| Ryan Todd | Piper Sandler | Raises | Overweight | $187.00 | $169.00 |
| John Royall | JP Morgan | Raises | Overweight | $167.00 | $149.00 |
| Neil Mehta | Goldman Sachs | Raises | Buy | $174.00 | $152.00 |
| Nitin Kumar | Mizuho | Raises | Neutral | $167.00 | $135.00 |
| Roger Read | Wells Fargo | Raises | Overweight | $179.00 | $163.00 |
| Doug Leggate | B of A Securities | Raises | Neutral | $180.00 | $150.00 |
| Ryan Todd | Piper Sandler | Raises | Overweight | $169.00 | $165.00 |
| Theresa Chen | Barclays | Raises | Equal-Weight | $139.00 | $132.00 |
| Roger Read | Wells Fargo | Raises | Overweight | $163.00 | $151.00 |
| Justin Jenkins | Raymond James | Raises | Outperform | $155.00 | $140.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Phillips 66. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Phillips 66 compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Phillips 66's stock. This comparison reveals trends in analysts' expectations over time.
For valuable insights into Phillips 66's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Phillips 66 analyst ratings.
Get to Know Phillips 66 Better
Phillips 66 is an independent refiner with 12 refineries that have a total crude throughput capacity of 1.8 million barrels per day, or mmb/d. In 2023, the Rodeo, California, facility ceased operations and be converted to produce renewable diesel. The midstream segment comprises extensive transportation and NGL processing assets and includes DCP Midstream, which holds 600 mbd of NGL fractionation and 22,000 miles of pipeline. Its CPChem chemical joint venture operates facilities in the United States and the Middle East and primarily produces olefins and polyolefins.
Financial Insights: Phillips 66
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Growth: Phillips 66's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately -4.99%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Energy sector.
Net Margin: Phillips 66's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 3.28%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 4.09%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.64%, the company showcases effective utilization of assets.
Debt Management: Phillips 66's debt-to-equity ratio is below the industry average at 0.63, reflecting a lower dependency on debt financing and a more conservative financial approach.
How Are Analyst Ratings Determined?
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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