During the last three months, 13 analysts shared their evaluations of Phillips 66 PSX, revealing diverse outlooks from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 6 | 4 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 2 | 1 | 0 | 0 | 0 |
| 3M Ago | 1 | 4 | 3 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Phillips 66, presenting an average target of $144.62, a high estimate of $167.00, and a low estimate of $124.00. Observing a downward trend, the current average is 5.06% lower than the prior average price target of $152.33.
Breaking Down Analyst Ratings: A Detailed Examination
A clear picture of Phillips 66's perception among financial experts is painted 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 |
|---|---|---|---|---|---|
| Roger Read | Wells Fargo | Lowers | Overweight | $161.00 | $167.00 |
| Theresa Chen | Barclays | Lowers | Equal-Weight | $124.00 | $133.00 |
| Spiro Dounis | UBS | Lowers | Buy | $138.00 | $150.00 |
| Jean Ann Salisbury | B of A Securities | Announces | Buy | $156.00 | - |
| Paul Cheng | Scotiabank | Lowers | Sector Outperform | $136.00 | $145.00 |
| Roger Read | Wells Fargo | Lowers | Overweight | $167.00 | $182.00 |
| Theresa Chen | Barclays | Lowers | Equal-Weight | $133.00 | $138.00 |
| Ryan Todd | Piper Sandler | Raises | Overweight | $144.00 | $136.00 |
| John Royall | JP Morgan | Lowers | Overweight | $141.00 | $160.00 |
| Ryan Todd | Piper Sandler | Lowers | Overweight | $136.00 | $151.00 |
| Connor Lynagh | Morgan Stanley | Lowers | Equal-Weight | $144.00 | $150.00 |
| Nitin Kumar | Mizuho | Lowers | Neutral | $150.00 | $154.00 |
| Jason Gabelman | TD Cowen | Lowers | Buy | $150.00 | $162.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Phillips 66. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Phillips 66 compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Phillips 66's stock. This examination reveals shifts in analysts' expectations over time.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Phillips 66's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Phillips 66 analyst ratings.
Delving into Phillips 66's Background
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.
Key Indicators: Phillips 66's Financial Health
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: Phillips 66's revenue growth over a period of 3 months has faced challenges. As of 30 September, 2024, the company experienced a revenue decline of approximately -10.38%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Energy sector.
Net Margin: Phillips 66's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.97% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 1.18%, 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 0.45%, the company showcases effective utilization of assets.
Debt Management: Phillips 66's debt-to-equity ratio is below the industry average. With a ratio of 0.7, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
The Core of Analyst Ratings: What Every Investor Should Know
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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