Extremely important negative changes in investment behavior have recently occurred for Phillips 66 (NYSE: PSX): negative upside/downside volume developed, and its shorter term price trend turned down.
Phillips 66 (NYSE: PSX). Significant negative changes in fundamentals have recently occurred: the consensus estimate for December, 2024 decreased significantly, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
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 A (Highest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. Phillips 66 has a slightly positive Appreciation Score of 69 and a very high Power Rating of 88, with the Highest Value Trend Rating the result.
Recent Price Action
Phillips 66 (NYSE: PSX) stock declined slightly by -0.2% on 5/21/24. The stock closed at $144.14. However, this decline was accompanied by below average trading volume at 70% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -0.6% during the last week.
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