Phillips 66 Partners (PSXP) Receives Daily Media Impact Rating of 0.10

News articles about Phillips 66 Partners (NYSE:PSXP) have been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Phillips 66 Partners earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 46.3248551523085 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news headlines that may have impacted Accern’s scoring:

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Shares of PSXP stock traded down $1.04 during mid-day trading on Friday, hitting $47.63. 183,161 shares of the stock were exchanged, compared to its average volume of 333,752. The company has a quick ratio of 1.64, a current ratio of 1.71 and a debt-to-equity ratio of 2.06. Phillips 66 Partners has a 52-week low of $44.40 and a 52-week high of $56.48. The firm has a market cap of $5,916.91, a P/E ratio of 18.39, a PEG ratio of 1.67 and a beta of 1.40.

Phillips 66 Partners (NYSE:PSXP) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $0.83 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.04). The company had revenue of $331.00 million during the quarter, compared to analysts’ expectations of $316.00 million. Phillips 66 Partners had a net margin of 44.16% and a return on equity of 27.99%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 earnings per share. analysts anticipate that Phillips 66 Partners will post 3.24 earnings per share for the current fiscal year.

Several equities research analysts have recently issued reports on PSXP shares. Bank of America started coverage on shares of Phillips 66 Partners in a research note on Tuesday, January 9th. They set a “neutral” rating on the stock. Zacks Investment Research raised shares of Phillips 66 Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, February 21st. Morgan Stanley lowered shares of Phillips 66 Partners from an “overweight” rating to an “equal weight” rating in a research note on Thursday, January 11th. They noted that the move was a valuation call. Scotiabank reissued a “buy” rating and set a $60.00 target price on shares of Phillips 66 Partners in a research note on Monday, January 29th. Finally, Citigroup lowered their target price on shares of Phillips 66 Partners from $60.00 to $56.50 and set a “buy” rating on the stock in a research note on Tuesday, March 27th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $57.77.

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About Phillips 66 Partners

Phillips 66 Partners LP (Phillips 66) owns, operates, develops and acquires fee-based crude oil, refined petroleum product and natural gas liquids (NGL) pipelines, terminals and other transportation and midstream assets. The Company’s assets consist of systems, such as Clifton Ridge Crude System, Eagle Ford Gathering System, Ponca Crude System, Billings Crude System, Borger Crude System, Sweeny to Pasadena Products System, Hartford Connector Products System, Gold Line Products System, Cross-Channel Connector Products System, Ponca Products System, Billings Products System, Bayway Products System, Standish Pipeline, Borger Products System, River Parish NGL System, Medford Spheres, Bayway Rail Rack, Ferndale Rail Rack, Sand Hills/Southern Hills Joint Ventures, Explorer Pipeline Joint Venture, Bakken Joint Ventures, Bayou Bridge Pipeline Joint Venture, STACK Pipeline Joint Venture, and Sweeny Fractionator and Clemens Caverns.

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