Press coverage about Phillips 66 Partners (NYSE:PSXP) has trended somewhat positive recently, according to Alpha One Sentiment Analysis. The research firm, a division of Accern, scores the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Phillips 66 Partners earned a coverage optimism score of 0.14 on Alpha One’s scale. Alpha One also assigned press coverage about the oil and gas company an impact score of 86 out of 100, meaning that recent press coverage is very likely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have effected AlphaOne Sentiment’s scoring:
Shares of Phillips 66 Partners (NYSE:PSXP) traded up 2.84% on Friday, hitting $52.50. 262,568 shares of the company’s stock were exchanged. Phillips 66 Partners has a 12-month low of $42.47 and a 12-month high of $58.00. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of 23.93 and a beta of 1.56. The company’s 50-day moving average price is $51.82 and its 200 day moving average price is $50.33.
Phillips 66 Partners (NYSE:PSXP) last announced its earnings results on Friday, April 28th. The oil and gas company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by $0.05. The business had revenue of $234 million for the quarter, compared to analyst estimates of $217.56 million. Phillips 66 Partners had a return on equity of 20.92% and a net margin of 47.59%. During the same quarter in the previous year, the firm posted $0.44 EPS. On average, equities analysts predict that Phillips 66 Partners will post $2.91 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 12th. Shareholders of record on Monday, May 1st will be given a dividend of $0.586 per share. The ex-dividend date of this dividend is Thursday, April 27th. This represents a $2.34 dividend on an annualized basis and a yield of 4.46%. This is a boost from Phillips 66 Partners’s previous quarterly dividend of $0.56. Phillips 66 Partners’s payout ratio is presently 102.76%.
Several research firms have commented on PSXP. Royal Bank of Canada reaffirmed a “buy” rating on shares of Phillips 66 Partners in a report on Tuesday, March 14th. Barclays PLC upped their price target on shares of Phillips 66 Partners from $58.00 to $62.00 and gave the company an “equal weight” rating in a report on Tuesday, February 7th. Scotiabank reaffirmed a “buy” rating and issued a $61.00 price target on shares of Phillips 66 Partners in a report on Monday, February 6th. Stifel Nicolaus upped their price target on shares of Phillips 66 Partners from $52.00 to $63.00 and gave the company a “buy” rating in a report on Monday, February 6th. Finally, Cowen and Company raised shares of Phillips 66 Partners from a “neutral” rating to a “buy” rating in a report on Wednesday, January 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $58.33.
Phillips 66 Partners Company Profile