Phillips 66 (PSX) to Release Earnings on Friday

Phillips 66 (NYSE:PSX - Get Free Report) is expected 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 $34,640,127.62 billion for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Phillips 66 (NYSE:PSX - Get Free Report) last released 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. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The company had revenue of $36.16 billion for the quarter, compared to the consensus estimate of $36.31 billion. During the same period in the previous year, the firm earned $4.63 EPS. Phillips 66'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 Price Performance

Shares of NYSE:PSX traded down $0.80 during trading hours on Friday, hitting $121.82. 2,196,687 shares of the company's stock traded hands, compared to its average volume of 2,799,259. The company's fifty day simple moving average is $121.81 and its two-hundred day simple moving average is $129.20. The company has a market cap of $50.31 billion, a price-to-earnings ratio of 15.64, a price-to-earnings-growth ratio of 3.78 and a beta of 1.38. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. Phillips 66 has a 52 week low of $108.90 and a 52 week high of $174.08.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Scotiabank lowered their price objective on shares of Phillips 66 from $145.00 to $136.00 and set a "sector outperform" rating on the stock in a research report on Thursday, October 10th. Mizuho reduced their price target on Phillips 66 from $150.00 to $147.00 and set a "neutral" rating for the company in a report on Monday, December 16th. Piper Sandler lowered shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 10th. Barclays cut their price target on shares of Phillips 66 from $124.00 to $115.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. Finally, UBS Group lowered their target price on shares of Phillips 66 from $150.00 to $138.00 and set a "buy" rating on the stock in a research report on Monday, November 4th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $147.93.

Phillips 66 Company Profile

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.