Phillips 66 (NYSE:PSX) traded at $112.29 at close of the session on Tuesday, 11/22/22, made an upward move of 2.99% on its previous day’s price.
Looking at the stock we see that its previous close was $109.03 and the beta (5Y monthly) reads 1.36 with the day’s price range being $110.55 – $112.85. The company has a trailing 12-month PE ratio of 5.14. In terms of its 52-week price range, PSX has a high of $113.53 and a low of $67.08. The company’s stock has gained about 11.84% over that past 30 days.
Phillips 66 has a market cap of $53.43 billion and is expected to release its quarterly earnings report on Jan 26, 2023 – Jan 30, 2023. With its Forward Dividend at 3.88 and a yield of 3.46%, the company’s investors could be anxious for the PSX stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $5.04, with the EPS growth for the year raised at $17.09 for 2022 and $11.96 for next year. These figures represent 199.80% and -30.00% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $42.48 billion, with a low of $35.41 billion and a high of $48.63 billion. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $167.31 billion, or 45.70% up from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the PSX stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note that the PEG ratio for the PSX stock currently stands at 0.82, and the current price level is 5.90% off its SMA20 and 17.95% from its 50-day simple moving average. The RSI (14) is pointing at 67.96 while the volatility over the past week is 2.87% and jumps to 2.93% over the past one month. The beta value is 1.44, while the average true range (ATR) is currently pointing at 3.40. The average price target for the stock over the next 12 months is $123.27, with the estimates having a low of $102.00 and a high of $155.00. These price ends are 9.16% and -38.04% off the current price level respectively, although investors could be excited at the prospect of a -6.87% if the PSX share price touches on the median price of $120.00.
Let’s briefly compare Phillips 66 (PSX) stock to its peers. We find that current price change of 2.99% and 55.55% over the past 12 months for PSX competes that of Enbridge Inc. (ENB), which has seen its stock price rise 2.01% in the last trading session and was 3.90% over the last one year. Another of its peers Enterprise Products Partners L.P. (EPD) has gained 0.61% previous session, and was 12.95% up over the past year, while TC Energy Corporation (TRP) was also up 2.26% in the last session, while its price remained in the green at 1.53% over the same period. Phillips 66 has a P/E ratio of 5.14 compared to Enbridge Inc.’s 20.16 and Enterprise Products Partners L.P.’s 10.82. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 1.36% and 1.18%, respectively, at close of the trading.
Coming back to Phillips 66 (NYSE:PSX), we note that the average 3-month trading volume was 3.48 million, while that of the preceding 10-day period stands at 3.62 million. Current shares outstanding are 481.39 million.
The insiders hold 0.20% of the company’s shares while institutions hold 73.50%. The data shows that short shares as of Oct 13, 2022, stood at 12.81 million at a short ratio of 3.21. This represents a 2.66% short interest in shares outstanding on Oct 13, 2022. Shares short rose in October from the previous month at 10.46 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 54.97% up in year-to-date price movement.