Phillips 66 (PSX) Projected to Post Quarterly Earnings on Friday

Phillips 66 (NYSE:PSX) is expected to be issuing its quarterly earnings data before the market opens on Friday, January 31st. Analysts expect the company to announce earnings of $1.23 per share and revenue of $35.77 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.41. The firm had revenue of $36.16 billion during the quarter, compared to the consensus estimate of $36.31 billion. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The firm’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.63 EPS. On average, analysts expect Phillips 66 to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Phillips 66 Trading Up 0.8 %

Shares of PSX opened at $122.20 on Thursday. Phillips 66 has a 12 month low of $108.90 and a 12 month high of $174.08. The stock’s 50-day moving average is $121.27 and its two-hundred day moving average is $128.82. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. The stock has a market cap of $50.47 billion, a PE ratio of 15.69, a P/E/G ratio of 3.78 and a beta of 1.38.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. UBS Group decreased their price target on Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a report on Monday, November 4th. Wells Fargo & Company decreased their target price on shares of Phillips 66 from $167.00 to $161.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. Wolfe Research raised shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a research note on Friday, January 3rd. Scotiabank decreased their price objective on shares of Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Finally, Bank of America assumed coverage on Phillips 66 in a research note on Thursday, October 17th. They set a “buy” rating and a $156.00 target price for the company. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Phillips 66 currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.93.

Phillips 66 Company Profile

Phillips 66 operates as an energy manufacturing and logistics company in the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.