27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Across the recent three months, 9 analysts have shared their insights on Phillips 66 (NYSE:PSX), expressing a variety of opinions spanning from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 5 | 3 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 2 | 2 | 0 | 0 |
| 2M Ago | 0 | 2 | 1 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $165.89, along with a high estimate of $180.00 and a low estimate of $139.00. This current average reflects an increase of 11.67% from the previous average price target of $148.56.
Diving into Analyst Ratings: An In-Depth Exploration
A clear picture of Phillips 66's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| John Royall | JP Morgan | Raises | Overweight | $167.00 | $149.00 |
| Neil Mehta | Goldman Sachs | Raises | Buy | $174.00 | $152.00 |
| Nitin Kumar | Mizuho | Raises | Neutral | $167.00 | $135.00 |
| Roger Read | Wells Fargo | Raises | Overweight | $179.00 | $163.00 |
| Doug Leggate | B of A Securities | Raises | Neutral | $180.00 | $150.00 |
| Ryan Todd | Piper Sandler | Raises | Overweight | $169.00 | $165.00 |
| Theresa Chen | Barclays | Raises | Equal-Weight | $139.00 | $132.00 |
| Roger Read | Wells Fargo | Raises | Overweight | $163.00 | $151.00 |
| Justin Jenkins | Raymond James | Raises | Outperform | $155.00 | $140.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Phillips 66. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Phillips 66 compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Phillips 66's stock. This comparison reveals trends in analysts' expectations over time.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Phillips 66's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Phillips 66 analyst ratings.
Get to Know Phillips 66 Better
Phillips 66 is an independent refiner with 12 refineries that have a total crude throughput capacity of 1.8 million barrels per day, or mmb/d. In 2023, the Rodeo, California, facility ceased operations and be converted to produce renewable diesel. The midstream segment comprises extensive transportation and NGL processing assets and includes DCP Midstream, which holds 600 mbd of NGL fractionation and 22,000 miles of pipeline. Its CPChem chemical joint venture operates facilities in the United States and the Middle East and primarily produces olefins and polyolefins.
Phillips 66: A Financial Overview
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Decline in Revenue: Over the 3 months period, Phillips 66 faced challenges, resulting in a decline of approximately -4.99% in revenue growth as of 31 December, 2023. This signifies a reduction in the company's top-line earnings. When compared to others in the Energy sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Phillips 66's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 3.28%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Phillips 66's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 4.09%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Phillips 66's ROA stands out, surpassing industry averages. With an impressive ROA of 1.64%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Phillips 66's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.63.
What Are Analyst Ratings?
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!