Phillips 66 (PSX) Expected to Announce Earnings on Friday

Phillips 66 (NYSE:PSX - Get Free Report) is anticipated to announce its earnings results 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. Investors that are interested in registering for the company's conference call can do so using this link.

Phillips 66 (NYSE:PSX - Get Free Report) last posted its earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.41. The company had revenue of $36.16 billion for the quarter, compared to analyst estimates of $36.31 billion. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. Phillips 66's revenue was down 10.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.63 earnings per share. 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 up $1.02 during midday trading on Wednesday, hitting $122.20. 1,697,972 shares of the stock were exchanged, compared to its average volume of 2,740,696. Phillips 66 has a twelve month low of $108.90 and a twelve month high of $174.08. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. The company has a 50 day moving average price of $121.27 and a 200-day moving average price of $128.82. The stock has a market cap of $50.47 billion, a P/E ratio of 15.69, a PEG ratio of 3.78 and a beta of 1.38.

Analysts Set New Price Targets

Several research firms have recently commented on PSX. Wells Fargo & Company dropped their price objective on shares of Phillips 66 from $167.00 to $161.00 and set an "overweight" rating for the company in a research note on Monday, December 9th. Mizuho cut their target price on shares of Phillips 66 from $150.00 to $147.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. Wolfe Research upgraded shares of Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 price target for the company in a report on Friday, January 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Phillips 66 from $160.00 to $141.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 2nd. Finally, Scotiabank reduced their price target on Phillips 66 from $145.00 to $136.00 and set a "sector outperform" rating on the stock in a research note on Thursday, October 10th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus 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.