Phillips 66 Partners (PSXP) Getting Somewhat Favorable Press Coverage, Analysis Finds

News articles about Phillips 66 Partners (NYSE:PSXP) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Phillips 66 Partners earned a news impact score of 0.12 on Accern’s scale. Accern also gave news stories about the oil and gas company an impact score of 46.0497971382189 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news headlines that may have effected Accern’s rankings:

Shares of Phillips 66 Partners (NYSE:PSXP) opened at $46.52 on Wednesday. Phillips 66 Partners has a 52-week low of $43.23 and a 52-week high of $58.00. The company has a market cap of $5,775.98, a PE ratio of 20.06, a price-to-earnings-growth ratio of 1.51 and a beta of 1.52. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.56 and a current ratio of 0.64.

Phillips 66 Partners (NYSE:PSXP) last released its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.08). Phillips 66 Partners had a return on equity of 23.56% and a net margin of 42.19%. The company had revenue of $245.00 million for the quarter, compared to the consensus estimate of $236.18 million. During the same quarter last year, the firm posted $0.57 earnings per share. The firm’s quarterly revenue was up 69.8% compared to the same quarter last year. sell-side analysts anticipate that Phillips 66 Partners will post 2.63 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Tuesday, October 31st were issued a $0.646 dividend. This is an increase from Phillips 66 Partners’s previous quarterly dividend of $0.62. This represents a $2.58 dividend on an annualized basis and a dividend yield of 5.55%. The ex-dividend date was Monday, October 30th. Phillips 66 Partners’s payout ratio is presently 108.86%.

A number of research firms have issued reports on PSXP. Royal Bank Of Canada reissued a “buy” rating and set a $63.00 target price on shares of Phillips 66 Partners in a research note on Tuesday, November 7th. BidaskClub raised shares of Phillips 66 Partners from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Citigroup Inc. boosted their target price on shares of Phillips 66 Partners from $60.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. Stifel Nicolaus reissued a “buy” rating and set a $60.00 target price (down from $61.00) on shares of Phillips 66 Partners in a research note on Monday, September 25th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $51.00 target price on shares of Phillips 66 Partners in a research note on Monday, October 16th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $59.38.

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