Phillips 66 (PSX) to Release Quarterly Earnings on Friday

Phillips 66 (NYSE:PSX) is anticipated to issue 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. Parties interested in participating in the company’s conference call can do so using this link.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.63 by $0.41. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The business had revenue of $36.16 billion during the quarter, compared to the consensus estimate of $36.31 billion. During the same quarter in the prior year, the firm earned $4.63 EPS. The business’s revenue was down 10.3% on a year-over-year basis. 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 Down 1.6 %

Shares of NYSE:PSX opened at $121.13 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. Phillips 66 has a 12 month low of $108.90 and a 12 month high of $174.08. The company has a 50-day moving average price of $121.46 and a 200 day moving average price of $128.94. The company has a market cap of $50.02 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 3.78 and a beta of 1.38.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PSX. Piper Sandler downgraded shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Mizuho lowered their price target on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Scotiabank lowered their price target on shares of Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. UBS Group lowered their price target on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a report on Monday, November 4th. Finally, Bank of America assumed coverage on shares of Phillips 66 in a report on Thursday, October 17th. They issued a “buy” rating and a $156.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Phillips 66 has an average 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.