Phillips 66 (PSX) Expected to Announce Earnings on Friday

Phillips 66 (NYSE:PSX) is anticipated to release its earnings data before the market opens on Friday, January 31st. Analysts expect Phillips 66 to post earnings of $1.23 per share and revenue of $34,640,127.62 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.41. The business had revenue of $36.16 billion for the quarter, compared to analyst estimates of $36.31 billion. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. Phillips 66’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same period last year, the company posted $4.63 earnings per share. 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 Stock Performance

Shares of Phillips 66 stock opened at $122.62 on Friday. The business’s fifty day simple moving average is $121.95 and its 200 day simple moving average is $129.24. The firm has a market capitalization of $50.64 billion, a P/E ratio of 15.74, a price-to-earnings-growth ratio of 3.84 and a beta of 1.38. Phillips 66 has a 12 month low of $108.90 and a 12 month high of $174.08. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62.

Analyst Ratings Changes

A number of analysts recently commented on the company. Mizuho dropped their price target on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. UBS Group lowered their target price on Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Wolfe Research upgraded Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a research note on Friday, January 3rd. Piper Sandler lowered Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. lowered their target price on Phillips 66 from $160.00 to $141.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.93.

About Phillips 66

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.