Impact of Brokerage Rating on Phillips 66 Partners LP(PSXP)

Many Phillips 66 Partners LP(PSXP) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Phillips 66 Partners LP was Upgraded by Citigroup to Buy on Jan 25, 2017. Phillips 66 Partners LP was Downgraded by Goldman to Sell on Dec 15, 2016.

Company has reported several Insider transactions to the SEC, on Nov 17, 2016, Timothy Garth Taylor (President) purchased 5,000 shares at 43.53 per share price.On May 24, 2016, Mark Haney (director) purchased 8,000 shares at 52.94 per share price.

Phillips 66 Partners LP Last issued its quarterly earnings results on Feb 3, 2017. The company reported $0.65 EPS for the quarter, missing the analyst consensus estimate by $ -0.11. Analyst had a consensus of $0.76. The company had revenue of $228.00 million for the quarter, compared to analysts expectations of $197.26 million. The companys revenue was up 121.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS.

Phillips 66 Partners LP (NYSE:PSXP) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.86 by 11 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 4 Brokerage Firms have advised hold.

Phillips 66 Partners LP (NYSE:PSXP): 10 analysts have set the short term price target of Phillips 66 Partners LP (NYSE:PSXP) at $60.6. The standard deviation of short term price target has been estimated at $5.6, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 70 and $50 respectively.

Phillips 66 Partners LP (NYSE:PSXP) rose 1.17% or 0.65 points on Tuesday and made its way into the gainers of the day. After trading began at $56 the stock was seen hitting $56.74 as a peak level and $55.896 as the lowest level. The stock ended up at $56.41. The daily volume was measured at 1,323,876 shares. The 52-week high of the share price is $66.81 and the 52-week low is $42.4701. The company has a market cap of $5,939 million.

Phillips 66 Partners L.P is a downstream energy company. It operates in three segments: Refining and Marketing, Midstream and Chemicals. Refining and Marketing segment purchases, refines, markets and transports crude oil and petroleum products primarily in the United States, Europe and Asia. This segment also includes power generation operations. Midstream segment gathers, processes, transports and markets natural gas and transports, fractionates and markets natural gas liquids primarily in the United States. Chemicals segment manufactures and markets petrochemicals and plastics. Phillips 66 Partners L.P is headquartered in Houston, Texas.


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