Phillips 66 (NYSE: PSX) has reported earnings for its third fiscal quarter (ending September 30) of $0.82 versus $4.72 for the same period a year ago — a decline of -83%. For the latest four quarters through September 30, E.P.S. were $7.84 versus $16.64 for the same period a year ago — a decline of -53%.
Recent Price Action
Phillips 66 (NYSE: PSX) stock declined by -4.4% on 10/29/24. The shares closed at $123.27. Moreover, trading volume in this decline was unusually high at 151% of normal. The stock has been weak relative to the market over the last nine months and has declined -6.1% during the last week.
Current PriceTarget Research Rating
PSX’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Phillips 66 has a current Value Trend Rating of C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Phillips 66 has a good Appreciation Score of 78 but a very low Power Rating of 12, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment